BCOR - BCOR STOCK NEWS

Ancora Holdings, owning 3.4% of Blucora (NASDAQ: BCOR), has proposed four candidates for Blucora's Board of Directors ahead of the Annual Meeting on April 26, 2021. The candidates are Frederick D. DiSanto, Cindy Schulze Flynn, Robert D. MacKinlay, and Kimberly Smith Spacek. Ancora encourages stockholders to vote using the WHITE Proxy Card to support their nominees. If stockholders have previously voted a blue proxy card, they can revoke it by voting the later WHITE Proxy Card.

Ancora Holdings, owning 3.4% of Blucora (BCOR), has nominated four candidates for election to Blucora's Board at the upcoming Annual Meeting on April 21, 2021. Ancora criticizes Blucora's current Board for poor decision-making, including ineffective strategies and inadequate support for Avantax advisors. They stress that a corporate overhaul is necessary to regain advisors' trust and improve the company's standing in the wealth management sector. Ancora urges Blucora's leadership to take immediate actions to stem advisor attrition and improve operational efficiency.

Blucora (NASDAQ: BCOR) is urging stockholders to support its current Board of Directors in the upcoming annual meeting on April 21, 2021. The Board highlights a strategic transformation initiated in 2019, resulting in a 73% stock appreciation over six months. Blucora's management team, rebuilt under new leadership, aims for long-term growth with improvements in its Tax Preparation and Wealth Management businesses. The Board dismisses Ancora's demands for board changes and a tax business sale, emphasizing that their strategy will maximize shareholder value.

Ancora Holdings, which owns 3.4% of Blucora's common stock (NASDAQ: BCOR), has filed a definitive proxy statement with the SEC and sent a letter to Blucora stockholders. Ancora has nominated four candidates for Blucora's Board of Directors for the 2021 Annual Meeting: Frederick D. DiSanto, Cindy Schulze Flynn, Robert D. MacKinlay, and Kimberly Smith Spacek. Ancora criticizes the current Board's strategy and governance, claiming it leads to value destruction. They emphasize that stockholders can initiate change by voting for Ancora's slate using the WHITE Proxy Card.

Blucora, Inc. (NASDAQ: BCOR) appointed Tina Perry to its Board of Directors on February 27, 2021, marking a significant addition as part of the company's ongoing Board refreshment process. With a robust background as President of OWN and extensive experience in strategic transformation, Perry brings valuable insights to the Board. Currently, nine out of ten directors are independent, with a diversified group that includes six women or racially diverse members. This new appointment is expected to enhance Blucora's strategic direction and long-term growth initiatives.

Ancora Holdings, owning approximately 3.4% of Blucora's shares, has nominated four candidates for the Board of Directors ahead of the 2021 Annual Meeting. Ancora cites Blucora's negative stockholder returns and underperformance against peers as key reasons for this nomination. They highlight a significant sum-of-the-parts valuation discount, poor capital allocation leading to goodwill impairment of approximately $271 million, rising corporate infrastructure costs, and concerns over management turnover as critical issues. Ancora advocates for a refreshed Board to unlock value and improve Blucora's operational focus.

Blucora, a provider of tax-focused financial solutions, reported a 5% increase in total revenue for 2020, reaching $755 million. The acquisition of HK Financial Services contributed to growth, leading to a 29% rise in advisory assets year-over-year. However, the company recorded a net loss of $342.8 million for the year, significantly higher than the previous year, with diluted loss per share at $(7.14).

For Q4 2020, total revenue was $155.2 million, up 4% compared to Q4 2019, while segment operating income decreased 26% for the year.

Blucora, Inc. (NASDAQ: BCOR) will disclose its fourth quarter and full year 2020 financial results on February 17, 2021, prior to market opening. An 8:30 a.m. ET conference call will follow, discussing results and future outlook. Blucora provides data and technology-driven solutions in wealth management and tax preparation, with total client assets reaching $76 billion as of September 30, 2020. Their TaxAct software serves approximately 3 million consumers and 20,000 professionals.

On January 25, 2021, TaxAct launched TaxAct Xpert Help, an add-on service providing unlimited, on-demand support from CPAs and tax experts. This service aims to assist customers in navigating the complex tax landscape, especially amid personal changes affecting their taxes. Available seven days a week, users can connect with tax professionals for advice tailored to their unique situations. TaxAct Xpert Help can be added to any TaxAct product, including TaxAct Free, which supports reporting unemployment income at no charge.