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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): August 8, 2007

 

		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 Number)

 

		999 WEST BIG BEAVER ROAD, TROY, MICHIGAN 48084
		(Address of principal executive offices)
		(Zip Code)

 

		(248) 362-4444
		(Registrant’s telephone number, including area code)

 

		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 (see General Instruction A.2. below):   [  ]    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))

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Item 8.01.    Other Events

On August 8, 2007, the Board of Directors of Kelly Services, Inc. (the “Company”) issued a press release announcing the authorization to repurchase up to $50 million of the Company’s outstanding Class A common shares. The Company intends to repurchase shares under the program, from time to time, in the open market. The repurchase program has a term of 24 months.

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 August 8, 2007.

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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: August 8, 2007
		/s/ William K. Gerber
		William K. Gerber
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)
Date: August 8, 2007
		/s/ Michael E. Debs
		Michael E. Debs
		Senior Vice President and Corporate Controller
		(Principal Accounting Officer)

 

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EXHIBIT INDEX

 

 

Exhibit No.		Description
99.1		Press release dated August 8, 2007

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Exhibit 99.1

 

KELLY SERVICES INCREASES QUARTERLY DIVIDEND 8% AND ANNOUNCES $50 MILLION SHARE

REPURCHASE PROGRAM

TROY, MI (August 8, 2007) — Kelly Services, Inc., a global provider of staffing services, today announced that its Board of Directors has declared a quarterly dividend of 13.5 cents per share, an 8% increase from the 12.5 cents per share on Kelly Services Class A and Class B common stock. The dividend is payable September 7, 2007 to shareholders of record at the close of business on August 31, 2007. The Company has paid dividends on its common stock for 45 consecutive years.

“We’re pleased that Kelly has continued to achieve solid, profitable results giving us the ability to deliver an 8% dividend increase to our shareholders,” said Carl Camden, President and CEO.

In other action, the Board of Directors authorized the repurchase of up to $50 million of the Company’s outstanding Class A common shares. The Company intends to repurchase shares under the program, from time to time, in the open market. The repurchase program has a term of 24 months.

“This share repurchase program demonstrates our confidence in Kelly’s current strategy and future growth potential of our business, while enhancing shareholder value,” said Camden.

Kelly Services stock may be purchased directly through the company’s Direct Stock Purchase Plan. In addition, investors may sign up for direct investment online through Netstock Direct’s web site www.netstockdirect.com. Investors may also automatically reinvest their dividends through Kelly’s Dividend Reinvestment Plan. For more information, visit Kelly’s web site at www.kellyservices.com, or call 1-866-249-2607.

About Kelly Services

Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a Fortune 500 company headquartered in Troy, Mich., offering human resources solutions that include temporary staffing services, outsourcing, vendor on-site and full-time placement. Kelly operates in 33 countries and territories. Kelly provides employment to more than 750,000 employees annually, with skills including office services, accounting, engineering, information technology, law, science, marketing, creative services, light industrial, education, and health care. Revenue in 2006 was $5.5 billion. Visit www.kellyservices.com.

 

Analyst Contact:		Media Contact:
James Polehna		Renee Walker
(248) 244-4586		(248) 244-5362
james_polehna@kellyservices.com		renee_walker@kellyservices.com