Company: KELYB
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001193125-25-174959
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Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 8-K
Item: Item 5.02
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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 August 7, 2025, Kelly Services, Inc. (the “ Company”) announced that Christopher Layden has been named President and Chief Executive Officer, with a target start date of September 2, 2025. Mr. Layden will succeed Peter Quigley, the Company’s current President and Chief Executive Officer, who on February 12, 2025, informed the Company of his intention to retire as an officer of the Company. Mr. Quigley will remain as a strategic advisor to the Company to ensure a smooth transition and will continue to serve as a member of the Company’s Board of Directors (the “ Board”) until the Company’s next Annual Shareholders Meeting in May 2026; the arrangements will be reported at the time they are finalized.

The Board has also appointed Mr. Layden as a member of the Board, for a term beginning September 2, 2025. At such time, the Board will be expanded to nine directors. Mr. Layden will not receive any additional compensation for his service as a member of the Board.

Mr. Layden, age 43, most recently served as Chief Operating Officer of Prolink, a workforce solutions provider offering staffing, technology, culture, data, and talent experience solutions throughout the United States. Prior to joining Prolink, he spent nearly two decades at ManpowerGroup, a global workforce solutions company, serving in positions of increasing responsibility, including vice president and general manager, industry verticals. Mr. Layden received a Bachelor of Arts degree in Philosophy from Boston College.

Pursuant to the terms of an employment offer letter provided to Mr. Layden by the Company (the “ Offer Letter”), Mr. Layden’s annual base salary will be $1,000,000 and will be reviewed periodically as part of the Company’s compensation review process.

Mr. Layden will participate in the Company’s Short-Term Incentive Plan (“ STIP”) with a target opportunity of 125% of earned annual salary. For 2025, his STIP award will be guaranteed to pay at least $450,000. Beginning with the 2026 grant, Mr. Layden will be eligible for consideration to receive awards under the Company’s Long-Term Incentive Plan (“ LTIP”), as granted and approved by the Compensation and Talent Management Committee