UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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 November 13, 2025, Kelly Services, Inc. (the “Company”) filed a Current Report on Form 8-K reporting that, effective November 28, 2025, Daniel H. Malan, Senior Vice President and President Science, Engineering & Technology, would separate from Kelly Services, Inc.
In connection with Mr. Malan’s separation from the Company on November 28, 2025, the Company and Mr. Malan entered into a Severance Agreement and Release, dated December 2, 2025 (the “Agreement”), which became effective on December 10, 2025. Under the terms of the Agreement, Mr. Malan will receive severance pay in the amount of $468,000, representing 52 weeks of his current annual base salary, payable in accordance with the Company’s regular payroll schedule and subject to applicable withholdings and deductions. The Company will subsidize Mr. Malan’s health insurance premiums under COBRA for up to 12 months, provided he elects COBRA continuation coverage and remains eligible. In addition, the Company will provide outplacement services for up to 12 months, not to exceed $10,000 in cost. Mr. Malan will also receive a pro-rated annual incentive in accordance with the terms of the Kelly Services, Inc. Senior Executive Severance Plan, including any amounts due under the Company’s Equity Incentive Plan and Short-Term Incentive Plan. The Agreement includes a general release of claims by Mr. Malan in favor of the Company and its affiliates, subject to certain customary exceptions, as well as non-disparagement and confidentiality provisions.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Severance Agreement and Release, which is attached as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit |
Description | |
| 10.1 | Severance Agreement and Release between Kelly Services, Inc. and Daniel H. Malan. | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| KELLY SERVICES, INC. | ||||||
| Date: December 12, 2025 | /s/ Vanessa Peterson Williams | |||||
| Vanessa Peterson Williams | ||||||
| EVP, General Counsel and Corporate Secretary | ||||||