Kelly Services CFO Departs; Interim Appointed
Ticker: KELYB · Form: 8-K · Filed: Sep 12, 2024 · CIK: 55135
| Field | Detail |
|---|---|
| Company | Kelly Services INC (KELYB) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $650,000, $750,000, $3,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo, board-changes
Related Tickers: KELYA
TL;DR
CFO out, interim in. Board shakeup too.
AI Summary
Kelly Services, Inc. announced on September 12, 2024, the departure of its Chief Financial Officer, Olivier Thirot, effective September 13, 2024. The company also appointed Michael T. Hoeflich as interim CFO. Additionally, the filing details the election of new directors and updates to compensatory arrangements for certain officers.
Why It Matters
The departure of a CFO can signal changes in financial strategy or performance, and the appointment of an interim CFO may create uncertainty until a permanent replacement is found.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can introduce uncertainty regarding financial leadership and future strategy.
Key Players & Entities
- Kelly Services, Inc. (company) — Registrant
- Olivier Thirot (person) — Departing Chief Financial Officer
- Michael T. Hoeflich (person) — Interim Chief Financial Officer
- September 12, 2024 (date) — Date of Report
- September 13, 2024 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer?
Michael T. Hoeflich has been appointed as the interim Chief Financial Officer.
When is Olivier Thirot's departure as CFO effective?
Olivier Thirot's departure as CFO is effective September 13, 2024.
What is the principal executive office address for Kelly Services, Inc.?
The principal executive office address is 999 West Big Beaver Road, Troy, Michigan 48084.
What is the standard industrial classification for Kelly Services, Inc.?
The standard industrial classification is SERVICES-HELP SUPPLY SERVICES [7363].
What items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 1,038 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2024-09-12 08:30:04
Key Financial Figures
- $650,000 — . Anderson's annual base salary will be $650,000 and will be reviewed periodically as pa
- $750,000 — will receive a cash sign-on payment of $750,000 upon beginning his active employment wi
- $3,500,000 — ed shares of restricted stock valued at $3,500,000 in accordance with the terms of the Com
Filing Documents
- d866262d8k.htm (8-K) — 32KB
- d866262dex101.htm (EX-10.1) — 19KB
- d866262dex991.htm (EX-99.1) — 10KB
- g866262dsp6.jpg (GRAPHIC) — 7KB
- g866262g0912021746001.jpg (GRAPHIC) — 4KB
- 0001193125-24-217667.txt ( ) — 239KB
- kelya-20240912.xsd (EX-101.SCH) — 4KB
- kelya-20240912_def.xml (EX-101.DEF) — 13KB
- kelya-20240912_lab.xml (EX-101.LAB) — 21KB
- kelya-20240912_pre.xml (EX-101.PRE) — 14KB
- d866262d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Offer Letter between Kelly Services, Inc. and Troy R. Anderson.* 99.1 Press release dated September 12, 2024 issued by Kelly Services, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Portions of this exhibit have been omitted.
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: September 12, 2024 /s/ Vanessa Peterson Williams Vanessa Peterson Williams Senior Vice President, General Counsel and Secretary