June 22, 2018 6:19 AM ET

Diversified Consumer Services

Company Overview of Liberty Tax, Inc.

Company Overview

Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States. Its customers include taxpayers who, for reasons of complexity, convenience, or the need for prompt tax refunds, seek assisted tax preparation services. Liberty Tax, Inc. offers its products and services through a network of company-owned offices and franchised locations under the Liberty Tax, Liberty Tax...

1716 Corporate Landing Parkway

Virginia Beach, VA 23454

United States

Founded in 1996

1,498 Employees

Phone:

757-493-8855

Fax:

800-880-6432

Key Executives for Liberty Tax, Inc.

Founder & Chairman
Age: 68
Total Annual Compensation: $524.4K
Compensation as of Fiscal Year 2017.

Liberty Tax, Inc. Key Developments

Liberty Tax Announces Resignation of Accounting Firm, Carr, Riggs & Ingram

Liberty Tax announced that its accounting firm, Carr, Riggs & Ingram, resigned on June 7. The resignation was not recommended or approved by either the audit committee or the board of directors of the company, and the company is currently in the process of identifying a successor independent registered public accounting firm.

Liberty Tax, Inc. Announces Director and Committee Appointments

Liberty Tax, Inc. announced that at the special meeting was held on May 29, 2018, the company approved the appointment of Patrick A. Cozza as director. The Board appointed Mr. Minner to serve as a member of each of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, and designated him as Chairman of the Audit Committee, effective immediately. The Board appointed Mr. Herskovits to serve as a member of each of the Audit Committee, the Nominating and Corporate Governance Committee, and the Strategic Planning Committee of the Board, and designated him as Chairman of the Nominating and Corporate Governance Committee and Strategic Planning Committee, effective immediately. The Board appointed Mr. Cozza to serve as a member of the Audit Committee and the Compensation Committee of the Board, and designated him as Chairman of the Compensation Committee, effective immediately. The Board appointed Mr. Miller to serve as a member of each of the Nominating and Corporate Governance Committee, the Compensation Committee and the Risk Committee of the Board, and designated him as Chairman of the Risk Committee, effective immediately. The Board appointed Ms. Ossenfort to serve as a member of the Risk Committee and Strategic Planning Committee of the Board, effective immediately.

Nicholas Bates Resigns as Vice President and Chief Financial Officer of Liberty Tax, Inc., Effective on June 15, 2018

On May 9, 2018, Nicholas Bates, Vice President and Chief Financial Officer of Liberty Tax, Inc. provided notice of his resignation, effective at a mutually agreed-upon last day of employment, to Nicole Ossenfort, the Company's President and Chief Executive Officer. Subsequently, on May 15, 2018, the company and Mr. Bates agreed that his resignation would be effective on June 15, 2018, following the anticipated filing of the company's Quarterly Reports on Form 10-Q for the fiscal quarters ended October 31, 2017 and January 31, 2018.

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