KELLY SERVICES INC SEC Filings

Kelly Services Inc. director Edward Escudero reported receiving a grant of Class A common stock. On January 30, 2026, he acquired 3,732 shares at a value of $10.79 per share under the company’s Equity Incentive Plan as a prorated portion of his annual board retainer. After this award, he directly owns 3,732 Class A shares.

Kelly Services Inc. director Edward Escudero filed an initial Form 3 regarding his status with the company. As of the event date of 01/30/2026, the filing states that no securities of Kelly Services Inc. are beneficially owned by the reporting person.

Kelly Services, Inc. director Angela Brock-Kyle received a grant of 3,732 shares of Class A common stock on 01/30/2026. The transaction was coded as an acquisition and is held directly in her name. The grant comes under the company’s Equity Incentive Plan as a prorated portion of the annual retainer for board members, valued at $10.79 per share based on the market close that day.

Kelly Services director reports no share ownership

Angela Brock-Kyle, a director of Kelly Services Inc. (symbol KELYA), filed an initial ownership report stating that she does not beneficially own any Kelly Services securities. The filing confirms zero non-derivative and derivative holdings at the time of the reported event.

Kelly Services Inc. received a joint Form 3 from several Hunt-affiliated entities and individual Woody L. Hunt, reporting large indirect ownership of its Class B common stock. As of January 30, 2026, they collectively report beneficial ownership of 3,039,940 Class B shares.

The holding is reported as indirect, with the nature of ownership referenced to an exhibit, and the reporting persons are identified as 10% owners. No derivative securities are listed, so the disclosure focuses on their existing Class B equity position rather than options or other convertible instruments.

Hunt Equity Opportunities and affiliated Hunt entities filed a Schedule 13D after buying 3,039,940 shares of Kelly Services’ Class B common stock for an aggregate $106,000,000, plus a potential additional $15,199,700 contingent payment tied to the issuer’s market capitalization. Based on 3,295,941 Class B shares outstanding as of October 27, 2025, the reporting group now beneficially owns 92.2% of that class and a majority of the company’s voting stock. The purchase was funded with a $106,000,000 term loan bearing interest at 7.25% per annum and maturing on January 30, 2031, alongside a derivative to convert the loan’s interest exposure from fixed to floating.

A related Letter Agreement reshapes governance: the board is reconstituted into an eight‑person board with four Hunt designees, including James Christopher Hunt as chairman, and includes termination of a recently adopted stockholder rights plan, enhanced information rights for Hunt, and commitments to seek stockholder approval for written consents and easier calling of special meetings. Hunt also agreed to limits on going‑private and controlling stockholder transactions for one and three years, respectively, and received registration rights for the Class B shares and a security agreement pledging its equity in the acquisition vehicle to the lender.

Kelly Services disclosed that the Terence E. Adderley Revocable Trust K, a 10% owner, agreed to sell 3,039,940 shares of Class B common stock, representing all of its Class B holdings. The shares were sold at $34.8691 each, for an aggregate purchase price of $106,000,000. The agreement also provides for an additional cash payment of $15,199,700 if, at any time within 48 months after the sale, Kelly Services’ market capitalization is at least $1,200,000,000. Following this transaction, the trust reports owning zero Class B shares.

Kelly Services disclosed a change in control and broad governance changes tied to Hunt Equity Opportunities. On January 30, 2026, Hunt acquired beneficial ownership of 3,039,940 Class B shares for an aggregate purchase price of $106,000,000, representing about 92.2% of the company’s outstanding voting stock, with potential additional cash of $15,199,700 if market capitalization reaches $1.2 billion within 48 months.

The company amended its stockholder rights plan so Hunt’s purchase and future agreed acquisitions do not trigger it and so the rights expire immediately before closing. Credit and receivables facilities were also amended so the transaction does not constitute a change in control under those agreements. The board was reconstituted to add four Hunt-designated directors, with James Christopher Hunt becoming chairman, and committee memberships were realigned. Kelly Services noted it may now use Nasdaq’s “controlled company” exemptions, which could mean fewer independent directors on the board and key committees.

Terence E. Adderley Revocable Trust K and its co‑trustees have exited their large stake in Kelly Services Class B shares. On January 9, 2026, Trust K agreed to sell 3,039,940 shares of Class B common stock to Hunt Equity Opportunities, LLC for an aggregate purchase price of $106,000,000, plus an additional $15,199,700 in cash if Kelly Services’ market capitalization reaches at least $1,200,000,000 within 48 months after closing. The share sale closed on January 30, 2026. As a result, Trust K and co‑trustees David P. Larsen and William U. Parfet now beneficially own no Class B shares, while co‑trustee Andrew H. Curoe is deemed to beneficially own 42,825 Class B shares, or 1.3% of the class, through other trusts. Because the reporting persons no longer own more than five percent of the Class B stock, this amendment is characterized as their exit filing.