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Barclays PLC reports ownership of 1,862,138 shares, representing 5.83% of Kelly Services Inc -A common stock. The filing shows Barclays holds no sole or shared voting power and no sole or shared dispositive power over these shares, and the statement certifies the securities are held in the ordinary course of business and not to influence control of the issuer. The filing names Barclays Bank PLC, Barclays Capital Inc and Barclays Capital Securities Ltd in connection with the parent/subsidiary identification and lists issuer headquarters at 999 West Big Beaver Road.
Kelly Services, Inc. (Nasdaq: KELYB) filed a Form 8-K dated 7 Aug 2025 announcing two reportable events.
Item 2.02: The company issued a press release (Ex. 99.1) and slide deck (Ex. 99.2) containing summary financial information for the three- and six-month periods ended 29 Jun 2025. Specific revenue, profit or guidance figures are not included in the filing itself; investors must consult the attached exhibits for details.
Item 5.02: Kelly appointed Nicholas A. Zuhlke (45) as Vice President, Controller & Chief Accounting Officer effective 11 Aug 2025. Zuhlke was previously CAO of DexKo Global Holdings (2022-25) and brings more than two decades of accounting leadership experience. Compensation terms include: (i) $365,000 annual base salary, (ii) 50 % target cash bonus under the AIP, (iii) $50,000 cash sign-on bonus, (iv) $130,000 sign-on equity grant vesting over three years, and (v) future annual equity awards starting with the 2026 grant cycle, plus standard benefit and severance eligibility.
No other material transactions, financial restatements, or changes in control were disclosed.
Appointment: On August 7, 2025, Kelly Services, Inc. announced that Christopher Layden will become President and Chief Executive Officer effective September 2, 2025, succeeding Peter Quigley, who will remain a Board member and strategic advisor through the 2026 Annual Meeting. The Board will expand to nine directors and Mr. Layden will join the Board on his start date.
Compensation & severance: Base salary $1,000,000; STIP target 125% of salary with a guaranteed 2025 STIP of at least $450,000; LTIP target 250% of salary (0%–200% payout range by performance) beginning 2026. One-time cash sign-on $450,000 (recoverable if voluntarily departing within two years or terminated for cause). Sign-on restricted stock award valued at $4,000,000 vesting 15%/35%/50% over three years. Severance for qualified termination: 24 months base salary and prorated incentive; change-in-control severance equals 2x(base+target incentive) plus prorated incentive. Exhibit 10.1 and press release included.