H&R Block extends CEO Bill Cobb’s contract to 2018

Bill Cobb, the chief executive of H&R Block since May 2011, got a two-year extension of his employment agreement on Friday.

The terms of his employment remain the same but will end on Sept. 1, 2018, rather than expiring on that day next year. Kansas City-based Block disclosed the added job tenure in a filing with the Securities and Exchange Commission.

Under Cobb, the tax preparation company’s shares have gained 89 percent, and revenues topped $3 billion in its recently ended fiscal year.

In the tax season that ended in April, H&R Block prepared fewer tax returns than a year earlier but managed to earn more revenue from customers. Higher prices contributed to that.

H&R Block hasn’t reported Cobb’s compensation for the year that just ended. But he had earned nearly $7.5 million in salary, stock and other compensation.

Cobb joined Block after retiring in 2008 from eBay, where he had been president of eBay Marketplaces North America.

This story was originally published June 19, 2015 at 4:46 PM with the headline "H&R Block extends CEO Bill Cobb’s contract to 2018."