false 0000055135 0000055135 2022-11-04 2022-11-04 0000055135 kelya:ClassACommonCustomMember 2022-11-04 2022-11-04 0000055135 kelya:ClassBCommonCustomMember 2022-11-04 2022-11-04
 
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): November 04, 2022
 
 
KELLY SERVICES, INC.
---------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
 
Delaware
0-1088
38-1510762
(State or other
(Commission
(IRS Employer
jurisdiction of
File Number)
Identification
incorporation)
  
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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each
class
Trading
Symbols
Name of each exchange
on which registered
Class A Common
KELYA
NASDAQ Global Market
Class B Common
KELYB
NASDAQ Global Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
1
 
 
Item 1.01.  Entry into a Material Definitive Agreement.
 
On November 4, 2022, Kelly Services, Inc. (the “Company”) entered into an agreement with its lenders to amend and restate its existing $200 million, five-year revolving credit facility. The amendment (i) increased the limit on restricted payments from $50 million to $115 million and (ii) changes certain of the terms and conditions.
 
Item 2.03.  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.
 
The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.
 
Item 9.01.  Financial Statements and Exhibits.
 
(d)
Exhibits
 
 
10.8
 
 
104
Cover Page Interactive Data File (formatted as Inline XBRL)
 
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 10, 2022  
   
   
 
/s/ Laura S. Lockhart
  Laura S. Lockhart
   
 
Vice President, Corporate Controller and
Chief Accounting Officer
(Principal Accounting Officer)
 
3
 
 
EXHIBIT INDEX
 
 
Exhibit No.  Description
   
10.8 First Amendment to Third Amended and Restated Credit Agreement, dated November 4, 2022
   
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
 
4
Grafico Azioni Kelly Services (NASDAQ:KELYA)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Kelly Services
Grafico Azioni Kelly Services (NASDAQ:KELYA)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Kelly Services