Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 54

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part II, Item 1
Chunk 54
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Item 1.  Legal Proceedings.

We are continuously engaged in litigation, threatened litigation, claims, audits or investigations arising in the ordinary course of our business, such as matters alleging employment discrimination, wage and hour violations, claims for indemnification or liability, violations of privacy rights, anti-competition regulations, commercial and contractual disputes, and tax-related matters, which could result in a material adverse outcome.  We record accruals for loss contingencies when we believe it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.  Such accruals are recorded in accounts payable and accrued liabilities and in accrued workers’ compensation and other claims in the consolidated balance sheet.  We maintain insurance coverage which may cover certain claims.  When claims exceed the applicable policy deductible and realization of recovery of the claim from existing insurance policies is deemed probable, we record receivables from the insurance company for the excess amount, which are included in prepaid expenses and other current assets and other assets in the consolidated balance sheet.

While the outcome of these matters currently pending cannot be predicted with certainty, we believe that the resolution of any such proceedings will not have a material adverse effect on our financial condition, results of operations or cash flows.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

(c) Issuer Repurchases of Equity Securities

During the third quarter of 2025, we reacquired shares of our common stock as follows:PeriodTotal Numberof Shares(or Units)PurchasedAveragePrice Paidper Share(or Unit)Total Numberof Shares (orUnits) Purchasedas Part of PubliclyAnnounced Plansor ProgramsMaximum Number(or ApproximateDollar Value) ofShares (or Units)That May Yet BePurchased Under thePlans or Programs(in millions)June 30, 2025 through August 3, 20252,694 $12.08 — $40.0 August 4, 2025 through August 31, 20255,816 14.03 — $40.0 September 1, 2025 through September 28, 2025393 13.78 — $40.0 Total8,903 $13.43 —  

On November 26, 2024, our board of directors approved a share repurchase program for us to repurchase shares covering up to an aggregate of $50.0 million of our Class A common stock.  The share