Kelly Services Files 8-K/A Amendment on Asset Acquisition

Ticker: KELYB · Form: 8-K/A · Filed: Jul 30, 2024 · CIK: 55135

Kelly Services INC 8-K/A Filing Summary
FieldDetail
CompanyKelly Services INC (KELYB)
Form Type8-K/A
Filed DateJul 30, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Sentiment: neutral

Topics: amendment, acquisition, disposition, financials

TL;DR

Kelly Services filed an amendment to its 8-K, updating asset acquisition/disposition details with new financials.

AI Summary

Kelly Services, Inc. filed an 8-K/A amendment on July 30, 2024, related to the completion of an acquisition or disposition of assets, originally reported on May 29, 2024. The filing includes financial statements and exhibits pertinent to this event.

Why It Matters

This amendment provides updated financial information and exhibits related to a significant asset acquisition or disposition, offering clarity on the company's strategic moves.

Risk Assessment

Risk Level: low — This is a routine amendment to a previous filing, providing updated information rather than announcing new material events.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K/A filing?

The primary purpose is to amend a previous 8-K filing to provide updated information regarding the completion of an acquisition or disposition of assets, including financial statements and exhibits.

When was the original event related to this filing reported?

The earliest event reported in this filing occurred on May 29, 2024.

What type of information is being supplemented by this amendment?

This amendment supplements information related to the completion of an acquisition or disposition of assets, and includes financial statements and exhibits.

What is Kelly Services, Inc.'s principal executive office address?

Kelly Services, Inc.'s principal executive office is located at 999 West Big Beaver Road, Troy, Michigan 48084.

What is the filing date of this 8-K/A amendment?

This 8-K/A amendment was filed on July 30, 2024.

Filing Stats: 855 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-07-30 13:40:45

Filing Documents

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. On June 3, 2024, Kelly Services, Inc. (the "Company"), filed with the U.S. Securities and Exchange Commission ("SEC") a Current Report on Form 8-K (the "Initial Report") to announce the completion of the acquisition of Motion Recruitment Partners, LLC ("MRP") by way of a merger with MRP Merger Sub, Inc. ("Merger Sub"), a newly-formed, wholly owned subsidiary of the Company, with and into MRP Topco ("Topco"), the indirect parent company of MRP and Littlejohn Fund V, L.P. ("Littlejohn"), with Topco surviving the merger (the "Merger"). This Current Report on Form 8-K/A amends the Initial Report to include the pro forma financial information required by Item 9.01 of Form 8-K that were previously omitted from the Initial Report as permitted by Item 9.01(a)(4). The pro forma financial information included in this Current Report on Form 8-K/A has been presented for informational purposes only and is not necessarily indicative of the combined financial position or results of operations that would have been realized had the acquisition occurred as of the dates indicated, nor is it meant to be indicative of any anticipated financial position or future results of operations that the Company will experience after the acquisition.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Financial statements of business acquired. The audited consolidated financial statements of Topco as of December 31, 2023 and 2022 and for the years then ended and the accompanying notes thereto, are incorporated by reference as Exhibit 99.1 hereto. The unaudited condensed consolidated financial statements of Topco as of March 31, 2024 and 2023 and for the three months then ended and the accompanying notes thereto, are incorporated by reference as Exhibit 99.2 hereto. (b) Pro forma financial information. The following unaudited pro forma financial information of the Company is filed as Exhibit 99.3 and is incorporated herein by reference: a. Unaudited Pro Forma Condensed Combined Balance Sheet as of March 31, 2024. b. Unaudited Pro Forma Condensed Combined Statement of Earnings for the year ended December 31, 2023 and the three months ended March 31, 2024. c. Notes to the Unaudited Pro Forma Condensed Combined Financial Statements. (d) Exhibits Exhibit No. Description 23.1 Consent of Grant Thornton LLP. 99.1 The audited consolidated financial statements of MRP Topco, Inc. as of and for the years ended December 31, 2023 and December 31, 2022 and the related notes. 99.2 The unaudited consolidated financial statements of MRP Topco, Inc. as of and for the three months ended March 31, 2024 and March 31, 2023 and the related notes. 99.3 The unaudited pro forma condensed combined financial information of the Company, giving effect to the acquisition of MRP Topco, which includes the unaudited pro forma condensed combined balance sheet as of March 31, 2024, the unaudited pro forma combined statement of earnings for the year ended December 31, 2023 and for the three months ended March 31, 2024 and the related notes. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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. July 30, 2024 /s/ Olivier G. Thirot Olivier G. Thirot Executive Vice President and Chief Financial Officer (Principal Financial Officer) 3

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