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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): February 9, 2006
KELLY SERVICES, INC.
(Exact name of Registrant as specified in its charter)
| DELAWARE | 0-1088 | 38-1510762 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification 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)) |
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| Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
Kelly Services (the “Company”) today issued a press release announcing that the Board of Directors of the Company named Carl T. Camden, age 51, as acting chief executive officer and Verne G. Istock as presiding director. The appointments, both effective immediately, follow the hospitalization of Chairman and Chief Executive Officer Terence E. Adderley.
A copy of the press release is attached as Exhibit 99.1 herein.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
| 99.1 | Press Release dated February 9, 2006. |
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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: February 9, 2006 |
||||
| /s/ William K. Gerber | ||||
| William K. Gerber | ||||
| Executive Vice President and Chief Financial Officer (Principal Financial Officer) | ||||
| Date: February 9, 2006 |
||||
| /s/ Michael E. Debs | ||||
| Michael E. Debs | ||||
| Senior Vice President and Corporate Controller (Principal Accounting Officer) | ||||
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EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press release dated February 9, 2006 |
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Exhibit 99.1
| ANALYST CONTACT: |
MEDIA CONTACT: | |
| James Polehna |
James McIntire | |
| (248) 244-4586 |
(248) 244-4305 | |
| james_polehna@kellyservices.com |
james_mcintire@kellyservices.com |
KELLY SERVICES NAMES CARL CAMDEN AS ACTING CEO
TROY, Mich., (February 9, 2006) – The Board of Directors of Kelly Services, Inc. today named Carl T. Camden as acting chief executive officer (CEO) and Verne G. Istock as presiding director. The appointments, both effective immediately, follow the hospitalization of Chairman and Chief Executive Officer Terence E. Adderley, who experienced a cardiac incident last evening.
“We continue to pray for Terry and his family during his hospitalization, and monitor his progress. Today’s appointments ensure continuity and the effective management of the company,” said Istock.
Camden has served as president and chief operating officer and as a member of the Board of the Directors since November 2001. He joined Kelly in April 1995 as senior vice president, Corporate Marketing and was promoted to executive vice president, Marketing & Strategy in 1997. Camden was named executive vice president in charge of Field Operations, Sales & Marketing in 1998, and in April 2001 was promoted to executive vice president and chief operating officer.
Istock is the former chairman, president and chief executive officer of First Chicago NBD Corporation and former chairman and president of Bank One Corporation, from which he retired in 2000. He also formerly served as a director of the Federal Reserve Bank of Chicago. He has been a member of the Kelly Services Board of Directors since 1991 and currently serves as chair of the board’s audit committee.
“Carl will oversee execution of the company’s existing strategic plan. We have every confidence in his ability to provide leadership for Kelly Services in the coming days,” said Istock. In addition to his current direct reports, Michael Durik, executive vice president and chief administrative officer; William Gerber, executive vice president and chief financial officer; and Daniel Lis, senior vice president, general counsel and corporate secretary, will report to Camden during this period.
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a Fortune 500 company headquartered in Troy, Mich., offering staffing solutions that include temporary staffing services, staff leasing, outsourcing, vendor on-site and full-time placement. Kelly operates in 30 countries and territories. Kelly provides employment to more than 700,000 employees annually, with skills including office services, accounting, engineering, information technology, law, science, marketing, light industrial, education, health care and home care. Revenue in 2005 was $5.3 billion. Visit http://www.kellyservices.com.