UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
Kelly Services, Inc (the “Company”) held its annual meeting of stockholders in virtual-only format on May 17, 2023. The final results of voting on each of the matters submitted to a vote of stockholders during the annual meeting are provided below.
Proposal 1
All of the nominees for election to the Company’s board of directors were elected to serve until the next annual meeting of stockholders, as follows:
| Name of Nominee |
Number of Shares Voted “For” |
Number of Shares Voted “Withheld” |
Broker Non-Votes | |||||||||
| Donald R. Parfet |
3,216,563 | 13,150 | 53,196 | |||||||||
| Peter W. Quigley |
3,217,239 | 12,474 | 53,196 | |||||||||
| Gerald S. Adolph |
3,212,861 | 16,852 | 53,196 | |||||||||
| George S. Corona |
3,217,239 | 12,474 | 53,196 | |||||||||
| Robert S. Cubbin |
3,212,861 | 16,852 | 53,196 | |||||||||
| Amala Duggirala |
3,179,752 | 49,961 | 53,196 | |||||||||
| InaMarie F. Johnson |
3,179,752 | 49,961 | 53,196 | |||||||||
| Terrence B. Larkin |
3,211,426 | 18,287 | 53,196 | |||||||||
| Leslie A. Murphy |
3,217,239 | 12,474 | 53,196 | |||||||||
Proposal 2
The Company’s stockholders approved, by advisory vote, the Company’s executive compensation, as follows:
| Shares Voting “For” |
3,183,378 | |||
| Shares Voting “Against” |
44,584 | |||
| Shares Abstaining From Voting |
1,751 | |||
| Broker Non-Votes |
53,196 |
Proposal 3
The Company’s stockholders approved, by advisory vote, the frequency of future voting on the Company executive compensation, as follows:
| Shares Voting For One Year |
3,227,755 | |||
| Shares Voting For Two Years |
429 | |||
| Shares Voting for Three Years |
1,507 | |||
| Shares Abstaining from Voting |
22 | |||
| Broker Non-Votes |
53,196 |
Proposal 4
The Company’s stockholders ratified the appointment of PricewaterhouseCoopers LLC as the Company’s independent registered public accounting firm for the 2023 fiscal year, as follows:
| Shares Voting “For” |
3,269.684 | |||
| Shares Voting “Against” |
13,224 | |||
| Shares Abstaining From Voting |
1 | |||
| Broker Non-Votes |
0 |
| Item 7.01 | Regulation FD Disclosure. |
On May 19, 2023, the Company issued a press release announcing the results of the voting at the Company’s annual meeting of stockholders. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The forgoing information is being furnished pursuant to Item 7.01 of Form 8-K and will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | Press release dated May 19, 2023. | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). | |
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: May 19, 2023 | /s/ James M. Polehna | |||||
| James M. Polehna | ||||||
| Corporate Secretary | ||||||
Exhibit 99.1
Kelly Elects Board of Directors at Annual Shareholders
Meeting, Announces Board Leadership Succession
TROY, Mich., (May 19, 2023) – Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced that at its 2023 Annual Shareholders Meeting held on May 17, 2023, Kelly shareholders elected nine individuals to serve one-year terms on its board of directors.
The newly elected directors are Gerald S. Adolph, retired senior partner, strategy and M&A, Booz & Co.; George S. Corona, retired president and chief executive officer, Kelly; Robert S. Cubbin, retired president and chief executive officer, Meadowbrook Insurance Group, Inc.; Amala Duggirala, executive vice president and chief information officer, United Services Automobile Association (USAA); InaMarie Felix Johnson, former chief people and diversity officer, Zendesk, Inc.; Terrence B. Larkin, retired executive vice president, business development, general counsel and corporate secretary, Lear Corporation; Leslie A. Murphy, CPA, president and chief executive officer, Murphy Consulting, Inc.; Donald R. Parfet, managing director, Apjohn Group, LLC; and Peter W. Quigley, president and chief executive officer, Kelly.
Following the election of the board of directors, the board appointed Mr. Larkin to the position of chairman of the board, effective immediately. An attorney with 28 years of experience in business law, Mr. Larkin has served as an independent director on Kelly’s board since 2010 and brings a valuable combination of complex problem-solving skills, legal and governance expertise, and global experience. He succeeds Mr. Parfet, who has elected to step down as chairman of the board, a position in which he has served since 2018. Mr. Parfet will continue his service on Kelly’s board as an independent director.
“On behalf of the entire board of directors, I would like to thank Don for his distinguished leadership during the last five years. Kelly has benefited immensely from his guidance and insights as the Company has executed its specialty strategy and transformed its portfolio,” said Mr. Larkin. “I am grateful for the opportunity to serve as Kelly’s next chairman, and I look forward to continuing to work with Don and the rest of the board to carry out our responsibility to Kelly’s shareholders as the Company embarks on the next phase of its growth journey.”
About Kelly®
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners around the world, we connect more than 450,000 people with work every year. Our suite of outsourcing and consulting services ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Revenue in 2022 was $5.0 billion. Learn more at kellyservices.com.
KLYA-FIN
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| ANALYST CONTACT: | MEDIA CONTACT: | |
| James Polehna | Jane Stehney | |
| (248) 244-4586 | (248) 765-6864 | |
| james.polehna@kellyservices.com | stehnja@kellyservices.com |