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Liberty Tax Parent Names CFO

Liberty TaxJTH Holding, the parent of Liberty Tax Service, has hired Kathleen E. Donovan, as CFO as of February 1. She replaces Mark F. Baumgartner who has moved to the role as CEO of JTH Financial. Donovan had been CFO of Catapult Learning since 2008. She was with MedQuist from 2005 through 2008, and Dendrite International from 2002 through 2005.

Donovan gets an annual base salary of $335,000 and can get a bonus of not less than $50,000 for the year ending April 30. She is also eligible to receive an annual bonus with a maximum of 50 percent of base salary after May 1. The company also granted her options on 175,000 JTH shares whose exercise price is set for the closing price of Class Common stock Friday, January 31.

Baumgartner has been CFO since February 2004 served as an independent consultant to JTH from August 2003 until February 2004. JTH Financial was formed in 2010 to handle bank settlement products.

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