ManpowerGroup Updates Executive Compensation Arrangements

TL;DR

**ManpowerGroup just updated executive pay, watch for impact on leadership and costs.**

AI Summary

ManpowerGroup Inc. filed an 8-K on February 9, 2024, reporting an event that occurred on February 7, 2024, related to changes in its executive compensation arrangements. This filing indicates that the company is updating how it compensates certain officers, which could impact future financial performance and executive retention. For investors, understanding these changes is crucial as executive compensation can influence leadership stability and operational costs, potentially affecting stock value.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or financial health, directly impacting investor confidence and the company's ability to attract and retain top talent.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of changes in compensatory arrangements, not indicating immediate financial distress or major operational shifts.

Analyst Insight

Investors should monitor future filings for details on the specific changes to compensatory arrangements, as these could influence executive performance incentives and overall company expenses. This filing itself is primarily informational, indicating a change without providing specific financial impacts yet.

Key Players & Entities

• ManpowerGroup Inc. (company) — the registrant filing the 8-K
• February 7, 2024 (date) — date of the earliest event reported
• February 9, 2024 (date) — date the 8-K was filed
• Wisconsin (company) — state of incorporation for ManpowerGroup Inc.
• 1-10686 (dollar_amount) — Commission File Number
• 39-1672779 (dollar_amount) — IRS Employer Identification No.
• 100 Manpower Place, Milwaukee, Wisconsin, 53212 (company) — address of principal executive offices
• (414) 961-1000 (dollar_amount) — registrant's telephone number
• Common Stock, $.01 par value (company) — title of class of securities registered
• MAN (company) — trading symbol

FAQ

From the Filing

0000950170-24-013302.txt : 20240209 0000950170-24-013302.hdr.sgml : 20240209 20240209163443 ACCESSION NUMBER: 0000950170-24-013302 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240207 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ManpowerGroup Inc. CENTRAL INDEX KEY: 0000871763 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 391672779 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10686 FILM NUMBER: 24615603 BUSINESS ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 BUSINESS PHONE: 414 961-1000 MAIL ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 FORMER COMPANY: FORMER CONFORMED NAME: MANPOWER INC /WI/ DATE OF NAME CHANGE: 19930328 8-K 1 man-20240207.htm 8-K 8-K false 0000871763 0000871763 2024-02-07 2024-02-07     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): February 7, 2024 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter)   Wisconsin 1-10686 39-1672779 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)     100 Manpower Place   Milwaukee , Wisconsin   53212 (Address of principal executive offices)   (Zip Code)   Registrant's telephone number, including area code: (414) 961-1000     (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value MAN New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐           Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers   On February 7, 2024, William Downe informed ManpowerGroup (the “Company”) that he intends to retire as a member of the Board of Directors of the Company and not stand for re-election when his current term expires at the annual meeting of shareholders in 2024. Mr. Downe, who is the former Chief Executive Officer of BMO Financial Group, has served as a director of the Company since 2011, and served as lead