BLUCORA, INC. (NASDAQ:BCOR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Elizabeth J. Huebner, who has served as a director of Blucora, Inc. (the “Company”) since 2009, informed the Board of Directors (the “Board”) of the Company that she is retiring from the Board effective as of August10, 2017. Ms.Huebner served as the Chair of the Audit Committee, and following her retirement, Ms.GeorganneC. Proctor was appointed by the Board to serve as the Chair of the Audit Committee. In addition, in order to maintain compliance with NASDAQ Listing Rule 5605(c), which requires that the Company’s Audit Committee consist of at least three independent directors, the Board appointed Mr.WilliamL. Atwell as a member of the Audit Committee effective as of Ms.Huebner’s retirement.
The decision to retire from the Board was not a result of any disagreement with the Company. Following Ms.Huebner’s retirement, the Board reduced the size of the Board to eight directors.
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About BLUCORA, INC. (NASDAQ:BCOR)
Blucora, Inc. is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. Its Wealth Management segment distributes products and services through financial advisors. HD Vest provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients. Its Tax Preparation segment provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax professionals. TaxAct provides digital tax preparation solutions. It also offers a range of tax preparation solutions and online lead generation capabilities to enable the filing of over 60 million federal consumer tax returns.