Item 1.02. Termination of a Material Definitive Agreement.

On July 21, 2009, RSM McGladrey, Inc. ("RSM"), a subsidiary of H&R Block, Inc. (the "Company"), received from McGladrey & Pullen, LLP ("M&P") a notice of its intent to terminate the Administrative Services Agreement, dated as of January 30, 2006 by and among RSM and M&P, as amended by Amendment Number One (1) to Administrative Services Agreement, effective as of June 1, 2008 (as amended, the "Administrative Services Agreement"). Unless revoked or modified, the effect of the notice will be to terminate the Administrative Services Agreement as of February 16, 2010.

Pursuant to the Administrative Services Agreement, RSM (i) provides accounting, payroll, human resources, marketing and other administrative services to M&P Firms in return for a management fee and (ii) has a cost-sharing arrangement with M&P, whereby M&P reimburses RSM for certain costs, mainly for the use of RSM-owned or leased real estate, property and equipment. M&P may terminate the Administrative Services Agreement upon 210 days notice. Following such a termination, M&P generally is prohibited for a period of three years from engaging in businesses in which RSM engages or soliciting RSM clients.

A copy of the Company's press release regarding the M&P notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description
99.1 Press release issued July 22, 2009