Company: KELYB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001193125-25-080159
Chunk: 93

Company: KELLY SERVICES INC
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 93
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 vested totaling 104,410 performance awards that cliff vest after three years and 22,390 performance awards that vest over four years; and performance shares granted to employees not yet earned or vested totaling 724,552 shares of performance awards, calculated using an assumed maximum award performance level of 200%, where applicable, at December 29, 2024. |

| 83 |

Proposal 3: Vote to Approve the Kelly Services, Inc. 2025 Equity Incentive Plan

| (2) | The Non-Employee Directors Deferred Compensation Plan is an equity compensation plan that has not been approved by our shareholders. This plan provides non-employee directors with the opportunity to defer all or a portion of the fees they receive. Participants may elect to have director fees that are paid in either cash or common stock, deferred into the plan. Participants choose from a list of investment funds as determined by the Company for their deferrals of cash. Deferrals of common stock must remain in common stock and one share of common stock will be given in exchange for each unit of phantom stock upon the director’s retirement from the Board of Directors. Amounts deferred under the plan are subject to applicable tax withholding. The plan is intended to be a non-qualified deferred compensation arrangement in compliance with Section 409A of the Code. Shares acquired by participants in this plan will be issued from the share reserve stated in the Equity Incentive Plan. |

| (3) | Represents shares remaining available for issuance under the 2017 Equity Incentive Plan. |

| 84 |

Proposal 4 – Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the 2025 Fiscal Year On an annual basis, the Audit Committee approves and appoints the independent registered public accounting firm. During its February 11, 2025, meeting, PricewaterhouseCoopers LLP (“PwC”) was appointed to audit the consolidated financial statements of the Company for the year ending December 28, 2025. This firm has served as the Company’s independent registered public accounting firm since 1960 and is considered to be well-qualified. The reappointment process for the independent registered public accounting firm includes an annual assessment that takes into consideration, but is not limited to, a review of the following: 1. Quality of services and sufficiency of resources provided by the auditor

| ● |     | Knowledge and skills to meet the Company’s audit requirements |

| ● |     | Partner