LIBERTY TAX, INC. (NASDAQ:TAX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 of the Original Form 8-K.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported in the Original Form 8-K, on February 19, 2018 the Board of Directors (the “Board”) of the Company appointed Nicole Ossenfort as President and Chief Executive Officer of the Company, Shaun York as Chief Operating Officer of the Company, and Ryan Dodson as Chief Strategy Officer of the Company. At the time of the Board’s appointment of Ms. Ossenfort and Messrs. York and Dodson, the Compensation Committee of the Board had not determined the compensatory arrangements for such officers.

At a meeting held on March 16, 2018, the Compensation Committee comprised of G. William Minner, Jr. and Ross N. Longfield unanimously approved interim annual base salaries for Ms. Ossenfort and Messrs. York and Dodson in the amounts of $400,000, $300,000 and $300,000, respectively, effective immediately for services provided on and after February 19, 2018. At the meeting, the Compensation Committee also unanimously approved the engagement of Pearl Meyer, a compensation consultant, to provide a market analysis and assessment of the competitiveness of the Company’s executive compensation program. The Compensation Committee intends to consider the total annual compensation to be provided to Ms. Ossenfort and Messrs. York and Dodson, including base salary, bonus, incentive and equity compensation, following the Compensation Committee’s review of the findings of Pearl Meyer.

About LIBERTY TAX, INC. (NASDAQ:TAX)

Liberty Tax, Inc. is the holding company for JTH Tax, Inc. The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations. All of the Company’s offices are operated under the Liberty Tax Service and SiempreTax+ brands. The Company also provides an online digital Do-It-Yourself (DIY) tax program in the United States. The Company offers two types of tax settlement financial products: refund transfer products, which include providing a means by which a customer receives his or her refund, and refund-based loans. The Company’s LibTax software allows tax customers to have their federal and state income tax returns filed electronically.