Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 40

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 40
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 We support the success of our clients and contribute to a more vibrant ecosystem by nurturing relationships. Through our efforts, Kelly aims to shape a future where work is accessible to everyone, organizations drive innovation with a holistic talent mindset, and our collective progress is fueled by perspectives of people from all backgrounds. Kelly’s business model brings together both staffing and outcome-based solutions under a single specialty leader and aggregates assets to accelerate specialty growth and profitability. We believe this specialty structure gives us greater advantages in the market, and we expect our disciplined focus will enable us to achieve greater efficiencies and deliver profitable growth coming out of a period of elevated economic uncertainty. Key Executive Compensation Program Highlights for Fiscal 2024 We believe compensation should align with and enhance long-term shareholder value. Our pay-for-performancephilosophy ensures that a significant portion of compensation for our senior officers is “at risk” and reflects our business performance. Kelly continued to focus on striking a balance of providing competitive compensation programs that attract, reward, and retain high performing talent while doing so in a fiscally responsible framework. The Company has two plans that provide the framework for incentive compensation opportunities for our senior officers, a group that includes our named executive officers. Our named executive officers experienced the following outcomes for 2024 as a result of Company performance and management’s decision to focus on the Company’s transition in becoming a more profitable talent solutions company:

| ● |     | Performed an annual base salary review for all named executive officers, excluding our new CFO, with each named executive officer receiving a salary increase in 2024; |

| ● |     | With respect to our short-term incentive plan: |

| • |     | Short-Term Incentive Plan (“STIP”) provides for annual cash-based incentive opportunities based upon the achievement of one or more performance measures, as established by the Committee; |

| • |     | funding for our enterprise participants was 100% on total Company earnings before interest, taxes, depreciation, and amortization $’s (“EBITDA”), while our business unit participants was 50% on total Company EBITDA $ and 25% on business unit gross profit and 25% on business unit EBITDA $. |

| • |     | continued emphasis on individual performance for determining final payouts; and |

| • |     | 2024 Short Term Incentive Plan (“STIP”) was funded at 58.9% of target levels based on financial performance delivered. |

| ● |     | With respect to our long-term incentive plan: |

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