Kelly Services Amends 8-K to Clarify Nasdaq Stock Listings

TL;DR

**Kelly Services just confirmed its Class A and B shares are properly listed on Nasdaq, no big changes.**

AI Summary

Kelly Services, Inc. filed an 8-K/A on January 8, 2024, amending its previous 8-K from November 2, 2023. This amendment clarifies the registration of its Class A Common Stock (KELYA) and Class B Common Stock (KELYB) on the Nasdaq Global Market. This matters to investors because it confirms the proper listing of their shares, ensuring transparency and liquidity for trading, and indicates the company is maintaining compliance with SEC regulations.

Why It Matters

This filing confirms the proper listing of Kelly Services' Class A and Class B common stock on the Nasdaq Global Market, which is crucial for maintaining investor confidence and ensuring the liquidity of their shares.

Risk Assessment

Risk Level: low — This is an amendment clarifying existing information, not announcing a new event, and confirms standard compliance, posing minimal risk.

Analyst Insight

A smart investor would note this filing as a routine compliance update, confirming the proper listing of shares, and would not expect any immediate impact on stock price or company operations. It reinforces the company's adherence to regulatory requirements.

Key Players & Entities

• KELLY SERVICES, INC. (company) — the registrant filing the 8-K/A
• Nasdaq Global Market (company) — the exchange where Kelly Services' stock is registered
• Class A Common (other) — one class of securities registered by Kelly Services
• Class B Common (other) — another class of securities registered by Kelly Services
• KELYA (other) — trading symbol for Class A Common Stock
• KELYB (other) — trading symbol for Class B Common Stock
• November 2, 2023 (date) — Date of Earliest Event Reported in the original 8-K
• January 8, 2024 (date) — Date the 8-K/A was filed

FAQ

Filing Documents

• d109206d8ka.htm (8-K/A) — 28KB
• d109206dex101.htm (EX-10.1) — 73KB
• 0001193125-24-003806.txt ( ) — 272KB
• kelya-20231102.xsd (EX-101.SCH) — 4KB
• kelya-20231102_def.xml (EX-101.DEF) — 13KB
• kelya-20231102_lab.xml (EX-101.LAB) — 22KB
• kelya-20231102_pre.xml (EX-101.PRE) — 14KB
• d109206d8ka_htm.xml (XML) — 7KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 2, 2023, Kelly Services, Inc. (the "Company") filed a Current Report on Form 8-K reporting that Dinette Koolhaas, senior vice president and president of Kelly International, will end her more than 15-year tenure with Kelly and move on to new endeavors following the close of the transaction between the Company and Gi Group Holdings S.P.A. ("Gi") for the sale and purchase of all outstanding share capital of Kelly Services Management SARL (the "Transaction"), after a brief transition period. On January 2, 2024, Kelly Services Outsourcing and Consulting Group Srl, a wholly-owned subsidiary of the Company ("Kelly Services OCG"), and Ms. Koolhaas entered into a Termination Agreement, terminating her employment contract with Kelly Services OCG (the "Termination Agreement") as of March 31, 2024. Under the terms of the Termination Agreement, Ms. Koolhaas will be entitled to a severance benefit equal to 12 months of base compensation, 100% of annual incentive compensation and certain other benefits as provided in the Termination Agreement. In addition, in exchange for Ms. Koolhaas' assistance in supporting the preparation for and completion of the Transaction, she will receive payment equal to 1% of the Purchase Price as defined in the Transaction Agreement. Under the Termination Agreement, Ms. Koolhaas has agreed to a mutual general release of claims against the Kelly Services OCG and its affiliates. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Termination Agreement, which is attached as Exhibit 10.1 and incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Termination Agreement dated January 2, 2024 between Kelly Services Outsourcing and Consulting Group Srl and Dinette Koolhaas. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. KELLY SERVICES, INC. Date: January 8, 2024 /s/ Vanessa Peterson Williams Vanessa Peterson Williams Senior Vice President, General Counsel and Secretary

View Full Filing

View this 8-K/A filing on SEC EDGAR