UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 16, 2011
KELLY SERVICES, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 0-1088 | 38-1510762 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 999 WEST BIG BEAVER ROAD, TROY, MICHIGAN |
48084 |
|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (248) 362-4444
(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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01. | Other Events |
On November 16, 2011, Kelly Services, Inc. (“the Company”) announced that the Company has acquired
Tradição Tecnologia e Serviços Ltda. (“Tradição”), a top national service provider in Brazil. The
acquisition of Tradição, which includes 12 branch offices, is not expected to have a material
impact on 2011 earnings from operations or cash flows. A copy of the press release is attached as
exhibit 99.1 herein.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| 99.1 | Press Release dated November 16, 2011. |
2
SIGNATURE
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: November 17, 2011 |
||||
| /s/ James M. Polehna
Vice President and Assistant Secretary |
3
EXHIBIT INDEX
| Exhibit No. | Description | |||
| 99.1 | Press release dated November 16, 2011 |
|||
4
Exhibit 99.1
|
 |
FOR IMMEDIATE RELEASE
Kelly Services® Expands into Latin America
Brazil Staffing Company Acquired
Brazil Staffing Company Acquired
TROY, Mich. (November 16, 2011) — Kelly Services, Inc. (NASDAQ: KELYA, KELYB) today
announced the acquisition of Tradição Tecnologia e Serviços Ltda, a top national service provider
in Brazil. This acquisition strengthens Kelly’s presence in the Brazilian market, enabling the
Company to address the increasingly complex talent needs of clients and multinational organizations
with operations in Brazil.
Terms of the agreement were not disclosed. In addition to Tradição’s headquarter office in Sao
Paulo, the acquisition includes 12 branch locations throughout Brazil. Besides traditional
temporary staffing services, Tradição’s service offerings include permanent placement, executive
search, and training. As a part of the transaction the founders, Pedro Caldas and Sergio Valentim,
will remain on for a transition period, reporting to Sergio Gomez, Vice President and General
Manager for Kelly Services operations in Latin America.
The acquisition underscores a successful relationship between both companies, and creates a
stronger competitive position in Brazil, a pivotal BRIC country. Both Tradição and Kelly® were
founded on strong traditions of integrity, quality, and professional excellence. In addition, each
company shares a similar operating philosophy of offering a comprehensive array of global workforce
solutions to customers while providing desirable jobs for employees.
-more-
Page Two
“This acquisition extends Kelly’s global reach in a very robust and emerging economic market,” said
Michael Webster, Executive Vice President and General Manager, Americas, Kelly Services. “We look
forward to providing clients with customized staffing and workforce solutions, and introducing our
broad array of professional and technical service offerings to the Brazilian market.”
“Kelly’s experience and reach into professional and technical talent will provide employment
options for degreed, experienced talent across a variety of industries, from science and IT to
engineering and finance,” said Pedro Caldas.
“We are very excited to be joining the Kelly Services organization,” said Sergio Valentim.
“Kelly’s reputation, industry experience, and breadth of service offerings enable us to better
address the expanding talent needs of our customers.”
About Tradição
Tradição was founded in 1988 and is headquartered in São Paulo. For more than 20 years, the company
has provided talent solutions such as temporary staffing, permanent placement, executive search,
and training to companies throughout Brazil. Tradição is currently listed as a top national
service provider in Brazil. Visit www.tradicao.com.br and connect with us on Facebook
and Twitter.
-more-
Page Three
About Kelly Services
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly
offers a comprehensive array of outsourcing and consulting services as well as world-class staffing
on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe, Kelly
provides employment to more than 530,000 employees annually. Revenue in 2010 was $5 billion.
Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, & Twitter.
# # # # #
Media and Analyst Contact:
Jane Stehney
|
Carla Rebelo | |
Kelly Services, Inc.
|
Tradicao | |
(248) 244-5630
|
+55 11 3886-4354 | |
Jane_stehney@kellyservices.com
|
Carla.rebelo@tradicao.com.br |