Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 81

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 81
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 factor in attracting and retaining highly qualified officers, employees, non-employeedirectors, and consultants and that equity-based incentives help to align the interests of those persons with the interests of our shareholders. Accordingly, the Board has adopted the Kelly Services, Inc. 2025 Equity Incentive Plan (the “2025 Plan”), subject to approval of the 2025 Plan by our shareholders at the 2025 Annual Meeting. The 2025 Plan, if approved by our shareholders, will be the successor to the Company’s Equity Incentive Plan, as amended and restated February 15, 2017 (the “Prior Plan”). If the 2025 Plan is approved by our shareholders, no further awards will be made under the Prior Plan after the date of shareholder approval of the 2025 Plan. However, all awards granted under the Prior Plan that are outstanding on the date of shareholder approval of the 2025 Plan will remain outstanding in accordance with their terms. Shareholders are asked to approve the 2025 Plan to authorize 4,000,000 shares of Kelly Class A common stock (“shares”) for issuance under the 2025 Plan. Shareholders also are being asked to approve the 2025 Plan in order to satisfy the rules of the Nasdaq Global Select Market relating to shareholder approval of equity compensation plans and to authorize the grant of stock options under the 2025 Plan that are intended to qualify for treatment as incentive stock options for purposes of Section 422 of the Internal Revenue Code. As of the record date for the annual meeting, approximately 787,460 shares remain available for issuance pursuant to new awards under the Prior Plan. Based on our historical and expected usage of equity compensation, the shares remaining available for issuance under the Prior Plan will not allow us to continue our equity compensation program in its current format. Unless our shareholders approve the 2025 Plan, we may be required to increase the cash component of our compensation mix, which may inhibit our ability to retain and recruit highly qualified officers, employees, non-employeedirectors and consultants and align their interests with the interests of our shareholders. We believe that the shares requested under the 2025 Plan will be sufficient for the Company to continue its equity compensation program for approximately 5 years. However, there can be no certainty as to the future use of shares under the 2025 Plan (assuming it is approved by shareholders), because we may grant a different mix of equity awards than in the past, and because other factors, such as our