Amendment: SEC Form 8-K/A filed by Kelly Services Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 13, 2025, Kelly Services, Inc. (the “Company”) filed a Current Report on Form 8-K reporting that Peter Quigley, then President and Chief Executive Officer of the Company, had informed the Company’s Board of Directors (the “Board”) of his intention to retire as an officer in 2025 upon the appointment of his successor. On August 7, 2025, the Company filed a Current Report on Form 8-K reporting that Mr. Quigley’s successor, Christopher Layden, had been named President and Chief Executive Officer of the Company, effective September 2, 2025, and that Mr. Quigley would remain as a strategic advisor to the Company to ensure a smooth transition and would continue to serve as a member of the Board until the next Annual Shareholders Meeting in May 2026.
On November 12, 2025, the Company and Mr. Quigley entered into a Separation and Transition Advisory Services Agreement in connection with Mr. Quigley’s previously announced retirement as President and Chief Executive Officer. Under the agreement, the terms of Mr. Quigley’s employment and compensation remain the same through October 31, 2025. Beginning November 1, 2025, he will remain an employee and provide transition advisory services through April 30, 2026, receiving a monthly payment of $25,000 and continued benefits during this period. His equity awards will vest through the separation date, with unvested awards forfeited thereafter. The 2025 payment under the Short-Term Incentive Plan, if any, will be paid based on the first ten months of his 2025 base salary. The agreement also includes reimbursement for certain business expenses, continuation of specific benefits, and post-employment covenants such as non-competition, non-solicitation, confidentiality, and non-disparagement. Mr. Quigley has provided a general release of claims against the Company, and the Company will continue to indemnify him for acts taken while providing services.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation and Transition Advisory Services Agreement, which is attached as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
Exhibit |
Description | |
| 10.1 | Separation and Transition Advisory Services Agreement between Kelly Services, Inc. and Peter Quigley. | |
| 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: November 14, 2025 | /s/ Vanessa Peterson Williams | |||||
| Vanessa Peterson Williams | ||||||
| EVP, General Counsel and Corporate Secretary | ||||||