-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I/Sv6Ye9IMbuUNAy92MhIWToAKDztdBXS7CosEbmZ8zGMXQbomi/puxeO+k/aqq+ tlDQ+RZ4IK4CWrJ11WUHbg== 0000950123-09-047244.txt : 20090930 0000950123-09-047244.hdr.sgml : 20090930 20090930120253 ACCESSION NUMBER: 0000950123-09-047244 CONFORMED SUBMISSION TYPE: S-3 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20090930 DATE AS OF CHANGE: 20090930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KELLY SERVICES INC CENTRAL INDEX KEY: 0000055135 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 381510762 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: S-3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-162215 FILM NUMBER: 091094840 BUSINESS ADDRESS: STREET 1: 999 W BIG BEAVER RD CITY: TROY STATE: MI ZIP: 48084 BUSINESS PHONE: 2483624444 MAIL ADDRESS: STREET 1: 999 WEST BIG BEAVER RD CITY: TROY STATE: MI ZIP: 48084 S-3 1 k48356sv3.htm FORM S-3 sv3
As filed with the Securities and Exchange Commission on September 30, 2009
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
 
 
Form S-3
 
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
 
 
 
 
KELLY SERVICES, INC.
(Exact name of registrant as specified in its charter)
 
     
Delaware   38-1510762
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)
 
 
 
 
999 West Big Beaver Road
Troy, Michigan 48084
(248) 362-4444
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)
 
 
 
 
Daniel T. Lis
Senior Vice President, General Counsel and Corporate Secretary
Kelly Services, Inc.
999 West Big Beaver Road
Troy, Michigan 48084
(248) 362-4444
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
 
With a copy to:
 
Craig A. Roeder
Baker & McKenzie LLP
One Prudential Plaza
130 East Randolph Street
Chicago, Illinois 60611
 
 
 
 
Approximate date of commencement of proposed sale to the public:  As soon as practicable after the effective date of this Registration Statement.
 
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.  o
 
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, please check the following box.  þ
 
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o
 
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o
 
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  o
 
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.  o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
             
Large accelerated filer o
  Accelerated filer þ   Non-accelerated filer o   Smaller reporting company o
            (Do not check if a smaller reporting company)
 
CALCULATION OF REGISTRATION FEE
 
                         
            Proposed Maximum
    Proposed Maximum
    Amount of
Title of Securities
    Amount to be
    Offering Price
    Aggregate
    Registration
to be Registered     Registered     per Share(1)     Offering Price(1)     Fee
Class A Common Stock, $1.00 par value
    1,000,000 shares     $12.82     $12,820,000     $715.36
                         
 
(1) Estimated pursuant to Rule 457(c) solely for purposes of calculating amount of registration fee, based upon the average of the high and low prices reported on September 29, 2009, as reported on the Nasdaq Global Market.
 
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on such date as the SEC, acting pursuant to said Section 8(a), may determine.
 


 

The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
 
 
PROSPECTUS
 
(KELLY SERVICES LOGO)
 
Kelly Services, Inc.
 
Shareholder Investment Plan
 
 
Kelly Services, Inc. is pleased to offer you the opportunity to participate in our Shareholder Investment Plan, or the Plan. The Plan is designed to provide you with a convenient method to purchase shares of our Class A Common Stock, par value $1.00 per share, and to reinvest cash dividends in the purchase of additional shares.
 
 
The Plan is administered by the Bank of New York Mellon, an entity independent of, and not affiliated with, Kelly Services. The Plan Administrator, along with its designated affiliates maintains records, prepares and sends account statements to participants, and performs other duties related to the Plan.
 
 
This prospectus relates to 1,000,000 shares of our Class A Common Stock to be offered for purchase under the Plan. Shares of Class A Common Stock are non-voting.
 
 
Shares of Class A Common Stock purchased under the Plan will be, at our option, newly-issued shares, shares held in our treasury or shares purchased in the open market by the Plan Administrator.
 
 
This prospectus contains a summary of the material provisions of the Plan and should be retained for future reference.
 
 
Our Class A Common Stock is traded on the Nasdaq Global Market under the symbol “KELYA.” The average of the high and low prices of the Class A Common Stock as reported on the Nasdaq Global Market on September 29, 2009 was $12.82 per share.
 
 
Investing in our Class A Common Stock involves risks that are referenced in “Risk Factors” beginning on page 8 of this prospectus.
 
 
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
 
 
 
The date of this prospectus is September 30, 2009.


 

Information About Kelly Services
 
Founded by William R. Kelly in 1946, Kelly Services, Inc. has delivered pioneering workforce solutions to customers in a variety of industries throughout our 63-year history. Our range of solutions and geographic coverage has grown steadily over the years to match the expanding needs of our customers.
 
We have evolved from a United States-based company concentrating primarily on traditional office staffing into a global workforce solutions leader with a breadth of specialty businesses. We currently assign professional and technical employees in the fields of creative services, education, legal and health care — while ranking as one of the world’s largest scientific staffing providers, and among the leaders in information technology, engineering and financial staffing. These specialty service lines complement our traditional expertise in office services, contact center, light industrial, and electronic assembly staffing. We also offer innovative talent management solutions for our customers including outsourcing, consulting, recruitment, career transition and vendor management services.
 
Kelly Services is organized as a Delaware corporation with its principal executive offices located at 999 West Big Beaver Road, Troy, Michigan 48084. Our telephone number is (248) 362-4444.
 
Key Features of the Plan
 
Enrollment:  If you currently own Class A Common Stock registered in your name, you may participate in the Plan by completing and returning an Enrollment Form. If you own Class A Common Stock, but your shares are currently held by a bank or broker in their name (i.e., “street name”), first you will need to register the shares in your name and then complete an Enrollment Form.
 
If you currently do not own any shares of Class A Common Stock, you can participate by making an initial cash investment of at least $250. Alternatively, you may authorize the monthly investment feature and initiate your investment with only $50 and a commitment for at least five sequential purchases.
 
Additional Investments:  Once you have enrolled, you may make additional investments in any amount from $25 up to a maximum of $10,000 per transaction not to exceed $100,000 per year by check, or through automatic monthly deductions from a qualified bank account.
 
Dividend Reinvestments:  You may reinvest all, some or none of your cash dividends in additional shares of Class A Common Stock. You may change your reinvestment election at any time.
 
Safekeeping of Shares:  All shares of Class A Common Stock purchased through the Plan will be held by the Plan Administrator in book-entry form in your account. If you hold Class A Common Stock certificates outside of the Plan, you may deposit those certificates for safekeeping with the Plan Administrator and those shares will be reflected in your Plan account.
 
Sale of Shares:  The Plan provides you with the ability to sell all or any portion of Class A Common Stock held in the Plan in book-entry form. You may also request to receive a certificate for these shares and sell the shares outside the Plan.
 
Fees:  There are certain enrollment, investment, trading and sales fees associated with the Plan.
 
More Information:  For more information about the Plan, please call the Plan’s toll free number, (866) 249-2607, or see our website at www.kellyservices.com.
 
Information About the Plan
 
Eligibility and Enrollment:
 
1.   How does a Kelly Services shareholder enroll in the Plan?
 
If you are already a Kelly Services shareholder of record (i.e., if you own shares that are registered in your name, not your broker’s), you may enroll in the Plan on line, by telephone, or by completing and returning an Enrollment Form to the Plan Administrator.


2


 

2.   I already own shares, but they are held by my bank or broker and registered in “street name.” How can I participate?
 
If you currently own shares of Kelly Services stock that are held on your behalf by a bank or broker (i.e., “street name”), you will need to arrange with your bank or broker to have at least one share registered directly in your name in order to be eligible to participate. Once the shares are registered in your name, you can enroll on line, by telephone, or complete an Enrollment Form. Alternatively, you may enroll in the Plan in the same manner as someone who is not currently a shareholder.
 
3.   I am not currently a shareholder. May I participate in the Plan?
 
You can make an initial cash investment in the Plan for as little as $250 but not more than $10,000. Your initial investment can be made:
 
Via on-line enrollment by:
 
Authorizing one deduction (minimum of $250) from your bank account;
 
Authorizing a minimum of five monthly $50 automatic deductions from your bank account; or
 
Opening your account on-line and sending your initial investment of $250 or more.
 
Using the Enrollment Form and:
 
Making one payment (minimum of $250) by check payable to Kelly Services, Inc./BNY Mellon or by authorizing a deduction from your bank account; or
 
By authorizing a minimum of five monthly $50 automatic deductions from your bank account.
 
4.  Are there fees associated with enrollment?
 
Participation in the Plan is subject to the following fees. These fees may change at any time and you will be notified of any changes.
 
FEE SCHEDULE
 
         
One-time enrollment fee in direct purchase plan
  $ 5.00 *
 
Service fees and trading fees for the purchase of shares, including the reinvestment of dividends, will be paid by Kelly Services
 
Fees for the Sale of Shares
 
         
Fee on each sale of shares (full or partial)
  $ 15.00  
Trading fees (per shares)
  $ 0.12  
Fee for returned check or rejected automatic deductions
  $ 35.00  
Fee for duplicate statements
  $ 20.00  
 
 
If you are not a record holder, this enrollment fee will apply and will be deducted from your initial investment.
 
5.   Who may participate in the Plan?
 
All U.S. citizens are eligible to participate, whether or not they are currently shareholders. Foreign citizens are eligible to participate as long as their participation would not violate any laws in their home countries.
 
Additional Investments:
 
6.   What are the minimum and maximum amounts for additional investments?
 
The minimum amount for additional investments is $25 and the maximum amount per transaction is $10,000 not to exceed $100,000 during any calendar year.


3


 

7.    How do I make an additional investment?
 
If you already own Class A Common Stock and are enrolled in the Plan and want to make additional purchases, you can authorize an individual automatic deduction from your bank account through Investor ServiceDirect® or send a check to the Plan Administrator for each purchase. If you choose to submit a check, please make sure to include the contribution form from your Plan statement and mail it to the address specified on the statement. Or, if you wish to make regular monthly purchases, you may authorize automatic monthly deductions from your bank account. This feature enables you to make ongoing investments in an amount that is comfortable for you, without having to write a check. Additional cash purchases are subject to a minimum purchase requirement of $25 and a maximum of $10,000 per transaction not to exceed $100,000 annually.
 
8.   May I have additional investments automatically deducted from my bank account?
 
Yes. You may authorize monthly automatic deductions from an account at a financial institution that is a member of the National Automated Clearing House Association.
 
  •  To initiate this service, you may enroll over the Internet or send an Enrollment Form, with the “Automatic Additional Investments” section completed, to the Plan Administrator.
 
  •  To change any aspect of the instruction, you may log into your account online or send a revised Enrollment Form, with the “Automatic Additional Investments” section completed, to the Plan Administrator.
 
  •  To terminate the deductions, you must notify the Plan Administrator via the Internet or in writing.
 
Initial set-up, changes and terminations to the automatic deduction instructions will be made as soon as practicable. Once effective, funds will be deducted from your designated account on the 15th day of each month, or the next business day if the 15th is not a business day.
 
9.   Will I be charged fees for additional investments?
 
No. Any service fees or trading fees for purchases after the initial purchase will be paid for by Kelly Services.
 
10.   How are payments with “insufficient funds” handled?
 
If the Plan Administrator does not receive a payment because of insufficient funds or incorrect draft information, the requested purchase will be deemed void, and the Plan Administrator will immediately remove from your account any shares purchased in anticipation of receiving such funds. If the net proceeds from the sale of such shares are insufficient to satisfy the balance of the uncollected amounts, the Plan Administrator may sell additional shares from your account as necessary to satisfy the uncollected balance.
 
In addition, an “insufficient funds” fee of $35.00 will be charged. The Plan Administrator may place a hold on the Plan account until the “insufficient funds” fee is received from you, or may sell shares from your account to satisfy any uncollected amounts.
 
11.   When will shares be purchased?
 
The Plan Administrator will buy shares on Friday of each week (or the next business day) if your funds are received no later than one business day before that day.
 
12.   What is the price of shares purchased under the Plan?
 
The purchase price for shares purchased by the Plan Administrator in the open market will be the average weighted price per share paid by the Plan Administrator for all purchases made that week for Plan participants. The purchase price for shares purchased from or sold to Kelly Services will be the average of the high and low sales price reported on the Nasdaq Global Market for the day of the transaction.
 
For automatic monthly purchases, shares will be purchased during the week after the week of the 15th, beginning on Friday of that week, if your enrollment material is received by the last business day of the previous month.


4


 

The Plan Administrator will use your investment to purchase as many full shares as possible and will use any amount remaining to purchase a fraction of a share.
 
Dividends:
 
13.   Must my dividends be reinvested automatically?
 
No. You may elect partial or no reinvestment of your dividends by completing the appropriate form obtained from the Plan Administrator. Unless you make an election, all cash dividends on shares you hold outside of the Plan will be paid to you, and dividends on shares in your Plan account will be reinvested automatically in additional shares of Class A Common Stock. If you choose partial investment, you must identify the percentage of shares in your account on which you would like to receive cash payments for dividends.
 
14.   When will my dividends be reinvested and at what price?
 
The reinvestment of your dividends will generally be completed within one week of the dividend payment date. The price of shares purchased with the dividends will be the weighted average price of all shares purchased with reinvested dividends.
 
Source of Stock:
 
15.   What is the source of Kelly Services stock purchased through the Plan?
 
At our option, share purchases will be made in the open market or directly from Kelly Services. Share purchases on the open market may be made on any stock exchange where Class A Common Stock is traded or by negotiated transactions on such terms as the Plan Administrator may reasonably determine. Neither we nor any participant will have any authority or power to direct the date, time or price at which shares may be purchased by the Plan Administrator.
 
Sale of Shares:
 
16.   How do I sell my shares?
 
You can sell some or all of the Plan shares you hold in book-entry form via the Internet, by telephone, or by providing written instructions to the Plan Administrator. Each account statement you receive will have a form for this purpose.
 
The Plan Administrator will sell shares daily. The sale price for your shares will be the average weighted price per share received by the Plan Administrator for all sales made that day for Plan participants. A $15.00 service charge and a service fee of $0.12 per share, which includes trading fees, will be deducted from your sale proceeds.
 
Please note that the Plan Administrator is not able to accept instructions to sell on a specific day or at a specific price.
 
If you prefer, you can withdraw shares from the Plan, at no cost to you, and sell them through a broker of your own choosing. Shares will normally be mailed to you within two business days of receipt of your instructions. If you sell a portion of your shares, the Plan Administrator will continue to reinvest the dividends on the percentage of shares previously authorized by you.
 
How Shares Are Held:
 
17.   How does the safekeeping service (book-entry shares) work?
 
All shares of Kelly Services stock that are purchased through the Plan will be held by the Plan Administrator and registered in book-entry form in your Plan account on the records of the Plan Administrator. If you hold Class A Common Stock certificates outside the Plan you may also, at any time, deposit those certificates for safekeeping with the Plan Administrator, and the shares represented by the deposited certificates will be included in book-entry form in your Plan account.


5


 

18.   How do I deposit my Kelly Services stock certificates with the Plan Administrator?
 
If you own shares of Class A Common Stock in certificated form, you may deposit your certificates for those shares with the Plan Administrator, free of charge. The Plan Administrator will provide mail loss insurance coverage for certificates with a value not exceeding $100,000 in any one shipping package that is mailed to its address at 500 Ross Street, Room 0675, Pittsburgh, PA 15262, by USPS registered mail or by any overnight courier service.
 
Note: Mail loss insurance covers only the replacement of shares of stock and in no way protects against any loss resulting from fluctuations in the value of such shares.
 
19.   Are there any charges associated with this custodial service?
 
No. There is no cost to you either for having the Plan Administrator hold the shares purchased for you through the Plan or for having the Plan Administrator deposit the stock certificates you hold into your account.
 
20.   How can I receive a stock certificate?
 
Normally, stock certificates for shares purchased under the Plan will not be issued; rather shares will be registered in the name of the Plan Administrator or its nominee and credited to your Plan account. However, you may request a stock certificate by indicating your preference on the stub attached to your account statement and forwarding it to the Plan Administrator. There is no charge for this service. Stock certificates for fractional shares will not be issued under any circumstances.
 
Transfer of Shares:
 
21.   Can I transfer shares that I hold in the Plan to someone else?
 
Yes. You may transfer ownership of some or all of your Plan shares by sending the Plan Administrator written transfer instructions. Your signature must be “Medallion Guaranteed” by a financial institution. Most banks and brokers participate in the Medallion Guarantee program. The Medallion Guarantee program ensures that the individual signing is in fact the owner of the participant’s account.
 
You may transfer shares to new or existing Kelly Services shareholders. However, a new Plan account will not be opened for a transferee as a result of a transfer of less than one full share. If you are opening a new Plan account for a transferee, you must include an Enrollment Form with the transfer instructions. If no indication is given, the new Plan account will be coded for full dividend reinvestment.
 
Withdrawal From the Plan:
 
22.   How do I close my Plan account?
 
You may terminate your participation in the Plan either by giving notice to the Plan Administrator or by completing the appropriate section of your account statement and returning it to the Plan Administrator. The Administrator will continue to hold your shares in book-entry form unless you request a certificate for the number of whole shares held in your Plan account and a check for the value of any fractional shares, or have all of the shares in your Plan account sold for you as described above and pay applicable fees and commissions.
 
The Plan Administrator will send you your proceeds, without interest, or your certificates as soon as is practicable. If a notice of withdrawal is received on or after the record date, but before the related dividend payment date, the Plan Administrator will not process your request until after the dividend reinvestment has posted to your account. Thereafter, cash dividends on shares you physically hold will be paid out to you and not reinvested in Class A Common Stock.


6


 

Administration:
 
23.   Who administers the Plan?
 
The Plan is administered by The Bank of New York Mellon — with certain administrative duties performed by its designated affiliates, Plan Administrator, acts as agent for Plan participants and keeps records, sends statements and performs other duties relating to the Plan.
 
Purchase and sales of Class A Common Stock under the Plan are made by an independent broker-dealer acting as purchasing agent for Plan participants. To the extent required by applicable law in certain jurisdictions, shares offered under the Plan are offered through an independent broker-dealer.
 
24.   How do I contact the Plan Administrator?
 
Enrollment, purchase or sale of share requests and other transactions or services offered by the Program should be directed to the Plan Administrator through the following:
 
Internet
 
You can enroll, obtain information and perform certain transactions on your account online via Investor ServiceDirect® (ISD). New investors establish a Personal Identification Number (PIN) when setting up their account. For existing shareholders to gain access, use the 12-digit Investor Identification Number (IID) which can be found in a bolded box on your check stub, statement or advice to establish your PIN. In order to access your account through ISD, you will be required to complete an account activation process. This one-time authentication process will be used to validate your identity in addition to your 12-digit IID and self-assigned PIN.
 
To access Investor ServiceDirect® please visit the BNY Mellon Shareowner Services website at:
www.bnymellon.com/shareowner/isd
 
Telephone
 
Telephone shareholder customer service, including sale of shares, toll-free within the United States and Canada:
 
1-866-249-2607
 
International Telephone Inquiries:
 
1-201-680-6578
 
An automated voice response system is available 24 hours a day, 7 days a week. Customer Service Representatives are available from 9:00 a.m. to 7:00 p.m., Eastern Standard Time, Monday through Friday (except holidays).
 
In Writing
 
You may also write to the Plan Administrator at the following address:
 
The Bank of New York Mellon
c/o BNY Mellon Shareowner Services
P.O. Box 358035
Pittsburgh, PA 15252-8035
 
Be sure to include your name, address, daytime phone number, Investor I.D. number and a reference to Kelly Services, Inc. on all correspondence.
 
When communicating with the Plan Administrator, you should have available your account number and taxpayer identification number.


7


 

25.   What kind of reports will be sent to participants in the Plan?
 
You will receive a quarterly statement of account activity. Supplemental account statements will be provided for any month in which you make a cash investment or deposit or transfer or withdraw shares. You will also receive transaction statements promptly after each sale of shares under the Plan. You should retain these statements in order to establish the cost basis of shares purchased under the Plan for income tax and other purposes. Duplicate statements will be provided upon request at a cost of $20.00 for each request.
 
Additional Information:
 
26.   How would a stock split or stock dividend affect my account?
 
Any shares resulting from a stock split or stock dividend paid on shares held in custody for you by the Plan Administrator will be credited to your book-entry position. Of course, you may request a certificate at any time for any or all of your shares.
 
27.   Can I vote my Plan shares?
 
Under the Plan, participants may purchase only shares of Class A Common Stock. As a general rule, shares of Class A Common Stock are non-voting. As a result, you will generally not be sent a proxy statement in connection with meetings of Kelly Services shareholders, including the annual meeting, and will not be entitled to vote at those meetings.
 
Under the Delaware General Corporation Law, however, there are certain conditions where shares of Class A Common Stock would have a right to vote. Please refer to the Section below entitled “Description of Capital Stock Voting” for more information on the limited voting rights of shares of Class A Common Stock. In that case, you will be sent a proxy statement, together with a proxy card. This proxy card, when duly signed and returned, will be voted as you indicate. Fractional shares will be aggregated and voted in accordance with the participant’s directions. If the proxy card is not returned or if it is returned unsigned, the shares will not be voted.
 
28.   Can the Plan be changed?
 
We may add to, modify or discontinue the Plan at any time. We will send you written notice of any significant changes.
 
Upon discontinuance of the Plan, we will return to you any uninvested automatic deductions from your bank account, any uninvested optional cash investments or initial investment, issue free of charge a certificate for full shares credited to your account and pay you in cash for any fractional shares credited to your account.
 
29.   What are the responsibilities of Kelly Services and the Plan Administrator?
 
Neither Kelly Services nor the Plan Administrator, The Bank of New York Mellon, will be liable for any act, or for any failure to act, as long as they have made good faith efforts to carry out the terms of the Plan, as described in this prospectus and on the forms that accompany each investment or activity.
 
Participants should recognize that neither Kelly Services nor the Plan Administrator can promise a profit or protect against a loss on the Class A Common Stock purchased under the Plan.
 
Although the Plan provides for the reinvestment of dividends, the declaration and payment of dividends will continue to be determined by our Board of Directors at its discretion, depending upon future earnings, the financial condition of Kelly Services and other factors. The amount and timing of dividends may be changed, or the payment of dividends terminated, at any time without notice.
 
Risk Factors
 
Before investing in shares of our Class A Common Stock, you should carefully consider the specific risks set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for our fiscal year ended December 28, 2008 and in the other reports and documents we file with or furnish to the Securities and Exchange Commission, or


8


 

SEC. See “Where You Can Find More Information” and “Incorporation of Certain Documents by Reference” for information on how to obtain a copy of our Annual Report and such other reports and documents.
 
Cautionary Note Regarding Forward-Looking Statements
 
Certain statements contained or incorporated by reference in this prospectus are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” or variations or negatives thereof or by similar or comparable words or phrases. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions by us that may be provided by management are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about our company and economic and market factors in the countries in which we do business, among other things. These statements are not guarantees of future performance, and we have no specific intention to update these statements.
 
Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The principal important risk factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to, competitive market pressures including pricing, changing market and economic conditions, material changes in demand from large corporate customers, availability of temporary workers with appropriate skills required by customers, increases in wages paid to temporary workers, liabilities for client and employee actions, foreign currency fluctuations, changes in laws and regulations (including federal, state and international tax laws), our ability to effectively implement and manage our information technology programs, and our ability to successfully expand into new markets and service lines.
 
Certain risk factors are discussed more fully under “Risk Factors” in our Annual Report on Form 10-K for our fiscal year ended December 28, 2008 and the other reports and documents we file with or furnish to the SEC. See “Where You Can Find More Information” for information on how to obtain a copy of our Annual Report and such other reports and documents.
 
Federal Income Tax Consequences
 
You should consult with your tax advisor for a complete analysis of the tax consequences of participating in the Plan. Cash dividends reinvested under the Plan will be taxable for U.S. federal income tax purposes as having been received by you even though you have not actually received them in cash. You will receive an annual statement from the Plan Administrator indicating the amount of reinvested dividends reported to the U.S. Internal Revenue Service as dividend income.
 
You will not realize a gain or loss for U.S. federal income tax purposes upon a transfer of shares to the Plan or the withdrawal of whole shares from the Plan. You will, however, generally realize a gain or loss when shares are sold. The amount of gain or loss will be the difference between the amount that you receive for the shares sold and your tax basis thereof. In order to determine the tax basis for shares in your account, you should retain all account and transaction statements.
 
Plan participants who are non-resident aliens or non-U.S. corporations, partnerships or other entities generally are subject to a withholding tax on dividends paid on shares held in the Plan. The Plan Administrator is required to withhold from dividends paid the appropriate amount determined in accordance with Internal Revenue Service regulations. Where applicable, this withholding tax is determined by treaty between the U.S. and the country in which the participant resides. In addition, dividends paid on shares in Plan accounts are subject to the backup withholding provisions of the Internal Revenue code. Accordingly, the amount of any dividends, net of the applicable withholding tax, will be credited to participant Plan accounts for investment in additional shares of Class A Common Stock.


9


 

Use of Proceeds
 
Kelly Services will receive proceeds from the purchase of Class A Common Stock pursuant to the Plan only to the extent that such purchases are made directly from it, and not from open market purchases by the Administrator. Proceeds received by Kelly Services (the amount of which cannot be estimated) will be used for general corporate purposes.
 
Description of Capital Stock
 
This section contains a description of our capital stock. This description includes not only our Class A Common Stock, but also our Class B Common Stock, which affect the Class A Common Stock. This description summarizes some of the provisions of our Restated Certificate of Incorporation, a copy of which has been filed as Exhibit 3.1 to a Current Report on Form 8-K filed with the SEC on May 8, 2009. If you want more complete information, you should read the provisions of our Restated Certificate of Incorporation that are important to you.
 
Our authorized capital stock consists of 100,000,000 shares of Class A Common Stock and 10,000,000 shares of Class B Common Stock. As of July 24, 2009, we had outstanding 31,479,908 shares of Class A Common Stock and 3,459,785 shares of Class B Common Stock.
 
Rights to Dividends and on Liquidation
 
Each share of Class A Common Stock and Class B Common Stock is entitled to share equally in dividends when and as declared by our Board of Directors; provided that (i) no cash dividend payable on the shares of the Class B Common Stock can be declared unless the Board of Directors at the same time declares a cash dividend on the shares of the Class A Common Stock at a rate which is not less than the rate of the cash dividend payable on the shares of the Class B Common Stock (but a cash dividend may be declared on the Class A Common Stock without declaring a cash dividend on the Class B Common Stock), and (ii) no dividend payable in shares of the Class B Common Stock can be declared on the Class A Common Stock (but a dividend payable in shares of Class A Common Stock may be declared on the Class A Common Stock or the Class B Common Stock and a dividend payable in shares of Class B Common Stock may be declared on the Class B Common Stock). Upon liquidation, each share of Class A Common Stock and Class B Common Stock is entitled to share equally in our assets available for distribution to the holders of those shares.
 
Voting
 
All voting power is vested exclusively in the holders of Class B Common Stock. Except as provided in the Delaware General Corporation Law, shares of Class A Common Stock have no voting rights. Under the Delaware General Corporation Law, however, under certain conditions shares of Class A Common Stock would have a right to vote on a proposal to amend our Certificate of Incorporation, a merger or consolidation of Kelly Services, a proposal to sell, lease or exchange all or substantially all of the assets of Kelly Services, or a proposal to voluntarily dissolve Kelly Services.
 
Conversion of Class B Common Stock
 
Each share of Class B Common Stock is convertible, at the option of the shareholder and at any time, into one share of Class A Common Stock.
 
Preemptive Rights
 
Holders of Class B Common Stock have the preemptive right to purchase additional shares of Class B Common Stock (or any other voting stock or any security convertible into voting stock) issued at anytime by Kelly Services. Holders of Class A Common Stock do not have preemptive rights to purchase additional securities if we issue additional securities.


10


 

Experts
 
The financial statements and management’s assessment of the effectiveness of internal control over financial reporting (which is included in Management’s Report on Internal Control over Financial Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K of Kelly Services, Inc. for the year ended December 28, 2008 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of such firm as experts in accounting and auditing.
 
Indemnification of Directors and Officers
 
Section 145 of the General Corporation Law of the State of Delaware and our Restated Certificate of Incorporation and By-laws provide for indemnification of directors and officers and other persons in certain circumstances.
 
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling Kelly Services pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable.
 
Where You Can Find More Information
 
We have filed with the SEC a Registration Statement on Form S-3 under the Securities Act of 1933 with respect to the shares offered by this prospectus. This prospectus, which is part of the Registration Statement, omits certain information, exhibits, schedules and undertakings set forth in the Registration Statement. For further information pertaining to us and our Class A Common Stock, reference is made to that Registration Statement and the exhibits and schedules to the Registration Statement. Statements contained in this prospectus as to the contents or provisions of any documents referred to in this prospectus are not necessarily complete, and in each instance where a copy of the document has been filed as an exhibit to the Registration Statement, reference is made to the exhibit for a more complete description of the matters involved.
 
We file annual, quarterly and current reports, proxy statements and other information with the SEC. Our SEC filings can be read and copied at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operation of the public reference room by calling the SEC at 1-800-SEC-0330. In addition, the SEC maintains an Internet website at www.sec.gov that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC, including Kelly Services.
 
Our Class A Common Stock is quoted on the Nasdaq Global Market under the symbol “KELYA.”
 
General information about our company, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as any amendments and exhibits to those reports, are available free of charge through our website at www.kellyservices.com as soon as reasonably practicable after we file them with, or furnish them to, the SEC. Information on our website is not incorporated into this prospectus or other securities filings and is not a part of these filings.
 
Incorporation of Certain Documents by Reference
 
The SEC allows us to “incorporate by reference” in this prospectus the information we file with it, which means that we can disclose important information to you by referring you to those documents. The information we incorporate by reference is an important part of this prospectus, and later information that we file with the SEC will automatically update and supersede some of this information. We incorporate by reference the documents listed below and any future filings we make with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 until we sell all of the shares covered by this prospectus or the sale of shares pursuant to this prospectus is terminated. The documents we incorporate by reference are:
 
  •  our Annual Report on Form 10-K for the fiscal year ended December 28, 2008;
 
  •  our Quarterly Reports on Form 10-Q for the fiscal quarters ended March 29 and June 28, 2009;


11


 

 
  •  our Current Reports on Form 8-K filed with the SEC on April 28, May 8, August 5, September 18 and September 29, 2009;
 
  •  our definitive Proxy Statement on Schedule 14A filed with the SEC on April 6, 2009; and
 
  •  the description of our Class A Common Stock included in our Registration Statement on Form 8-A, as filed with the SEC on June 14, 1984, including any amendments or reports filed for the purpose of updating that description.
 
Information in Current Reports on Form 8-K furnished to the SEC, including under Item 2.02 or 7.01 of Form 8-K, prior to, on or subsequent to the date hereof is not being and will not be incorporated herein by reference.
 
You may request a copy of these filings (other than an exhibit to any filing unless we have specifically incorporated that exhibit by reference into the filing), at no cost, by writing or telephoning us at the following address:
 
Kelly Services, Inc.
999 West Big Beaver Road
Troy, Michigan 48084
(248) 362-4444
Attention: James M. Polehna
Sr. Director — Investor Relations


12


 

 
PART II. INFORMATION NOT REQUIRED IN PROSPECTUS
 
ITEM 14.   OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
 
         
SEC Registration Fee
  $ 715  
Printing and Distribution of Prospectus
    10,000  
Accountants’ Fees and Expenses
    10,000  
Legal Fees and Expenses
    10,000  
Miscellaneous Fees and Expenses
    5,000  
         
Total
  $ 35,715  
         
 
All amounts, other than the SEC Registration Fee, are estimated and subject to future contingencies.
 
ITEM 15.   INDEMNIFICATION OF DIRECTORS AND OFFICERS.
 
Article THIRTEENTH of the Registrant’s Restated Certificate of Incorporation provides that no director of the registrant will be personally liable to the registrant or its stockholders for monetary damages for breach of fiduciary duty by such director as a director; except for liability (i) for any breach of the director’s duty of loyalty to the registrant or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit.
 
Article VII, Sections 7 and 8, of the Registrant’s By-Laws provides that a director or officer, or former director or officer, of the Registrant, and each person who serves at the request of the Registrant as a director or officer of another corporation in which the Registrant owns stock or is a creditor, and such person’s heirs, executors, and administrators, will be indemnified by the Registrant against all expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with any action, suit or proceeding whether civil, criminal, administrative or investigative to which he or she may be made a party by reason of any alleged acts or omissions of such director or officer. The indemnification would only be provided if such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Registrant and, with respect to any criminal action or proceeding, such person had no reasonable cause to believe his or her conduct was unlawful.
 
In addition, if such action or suit is one by or in the right of the Registrant, such person will not receive indemnification if he or she has been adjudged to be liable to the Registrant unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine upon application that despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.
 
Moreover, under Article VII, Section 9, of the Registrant’s By-Laws, to the extent that a director or officer of the registrant has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 7 or 8 of Article VII, or in defense of any claim, issue or matter therein, he or she will be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith.
 
Section 145 of the General Corporation Law of the State of Delaware sets forth the applicable terms, conditions and limitations governing the indemnification of officers, directors and other persons.
 
In addition, the Registrant maintains directors’ and officers’ liability insurance for the benefit of its officers and directors.


II-1


 

 
ITEM 16.   EXHIBITS.
 
The following exhibits are filed as a part of this Registration Statement:
 
         
Exhibit
   
No.
 
Description
 
  5 .1   Opinion of Daniel T. Lis, Esq.
  23 .1   Consent of Daniel T. Lis, Esq. (included in Exhibit 5.1 above)
  23 .2   Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
  24     Powers of Attorney (included on signature page)
  99 .1   Introduction Letter to Existing Shareholders
  99 .2   Introduction Letter to New Investors
 
ITEM 17.   UNDERTAKINGS.
 
The undersigned Registrant hereby undertakes:
 
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
 
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
 
(ii) to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement;
 
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
 
provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement.
 
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
 
(4) For purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(5) To deliver or cause to be delivered with the prospectus included in this Registration Statement, to each person to whom the prospectus is sent or given, the latest annual report to security holders that is incorporated by reference in the prospectus and furnished pursuant to and meeting the requirements of Rule 14a — 3 or Rule 14c — 3 under the Securities Exchange Act of 1934; and, where interim financial information required to be presented by Article 3 of Regulation S-X are not set forth in the prospectus, to deliver, or cause to be delivered to each person to whom the prospectus is sent or given, the latest quarterly report that is specifically incorporated by reference in the prospectus to provide such interim financial information.


II-2


 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described above in Item 15 — “Indemnification of Directors and Officers,” or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.


II-3


 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Troy, State of Michigan, on this 15th day of September, 2009.
 
Kelly Services, Inc.
 
/s/  Patricia A. Little
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
 
POWER OF ATTORNEY
 
We, the undersigned officers and directors of Kelly Services, Inc., hereby, severally constitute and appoint each of Patricia A. Little and Daniel T. Lis our true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and registration statements filed pursuant to Rule 462 under the Securities Act of 1933, and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto such attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that such attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on this September 15, 2009:
 
         
     
/s/  Carl T. Camden

Carl T. Camden
  President, Chief Executive Officer and Director
(Principal Executive Officer)
     
/s/  Patricia A. Little

Patricia A. Little
  Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
     
/s/  Michael E. Debs

Michael E. Debs
  Senior Vice President and Chief Accounting Officer
(Principal Accounting Officer)
     
/s/  Terence E. Adderley

Terence E. Adderley
  Chairman of the Board of Directors
     
/s/  Verne G. Istock

Verne G. Istock
  Director
     
/s/  Jane E. Dutton

Jane E. Dutton
  Director


II-4


 

         
     
/s/  Maureen A. Fay

Maureen A. Fay
  Director
     
/s/  Leslie A. Murphy

Leslie A. Murphy
  Director
     
/s/  Donald R. Parfet

Donald R. Parfet
  Director
     
/s/  B. Joseph White

B. Joseph White
  Director


II-5


 

 
INDEX TO EXHIBITS
 
         
Exhibit
   
No.
 
Description
 
  5 .1   Opinion of Daniel T. Lis, Esq.
  23 .1   Consent of Daniel T. Lis, Esq. (included in Exhibit 5.1 above)
  23 .2   Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
  24     Powers of Attorney (included on signature page)
  99 .1   Introduction Letter to Existing Shareholders
  99 .2   Introduction Letter to New Investors

EX-5.1 2 k48356exv5w1.htm EX-5.1 exv5w1
Exhibit 5.1
 
Opinion of Daniel T. Lis, Esq.
 
September 30, 2009
 
Kelly Services, Inc.
999 West Big Beaver Road
Troy, Michigan 48084
 
Ladies and Gentlemen:
 
I am the Senior Vice President, General Counsel and Corporate Secretary of Kelly Services, Inc., a Delaware corporation (the “Company”), and have advised the Company in connection with its filing with the Securities and Exchange Commission (the “SEC”) of a registration statement on Form S-3 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”), with respect to the sale by the Company of up to 1,000,000 shares of the Company’s Class A Common Stock, par value $1.00 per share (the “Shares”), pursuant to the Company’s Shareholder Investment Plan (the “Plan”).
 
I have reviewed originals, or photostatic or certified copies, of the Registration Statement, the Plan and such other records of the Company, of certificates of officers of the Company and of public documents, and such other documents as I have deemed relevant and necessary as the basis of the opinions set forth below. In such examination, I have assumed the genuineness of all signatures, the authenticity of all documents submitted to me as originals, the conformity to original documents of all documents submitted to me as photostatic or certified copies and the authenticity of the originals of such copies.
 
Based upon and subject to the foregoing, I am of the opinion that the Shares have been duly authorized and, when issued in accordance with the Plan, will be validly issued, fully paid and non-assessable.
 
The opinions expressed herein are limited to the General Corporation Law of the State of Delaware. This opinion letter is limited to the matters stated herein, and no opinion is implied or may be inferred beyond the matters expressly stated. I hereby consent to the use of my opinion as herein set forth as an exhibit to the Registration Statement. In giving this consent, I do not hereby admit that I come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC promulgated thereunder or Item 509 of Regulation S-K.
 
Very truly yours,
 
Daniel T. Lis, Esq.

EX-23.2 3 k48356exv23w2.htm EX-23.2 exv23w2
Exhibit 23.2
 
Consent of Independent Registered Public Accounting Firm
 
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of our report dated February 11, 2009 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting of Kelly Services, Inc., which report appears in Kelly Services, Inc.’s Annual Report on Form 10-K for the year ended December 28, 2008. We also consent to the reference to us under the heading “Experts” in such Registration Statement.
 
/s/  PricewaterhouseCoopers LLP
 
PricewaterhouseCoopers LLP
Detroit, Michigan
September 30, 2009

EX-99.1 4 k48356exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
 
(KELLY SERVICES LOGO)
 
Dear Share Owners:
 
We are pleased to offer our shareowners the opportunity to invest in Kelly Services Class A Common Stock more economically and conveniently than ever before through our Shareholder Investment Plan (“Plan”). A copy of the Plan prospectus is enclosed for your review along with the Enrollment Form. Some of the highlights of the Plan are as follows:
 
  •  You may purchase additional shares of Class A Common Stock by automatically reinvesting all or a portion of your cash dividends.
 
  •  You may also purchase shares of Class A Common Stock by making optional cash payments of $25 up to a maximum of $10,000 per transaction not to exceed $100,000 per year.
 
  •  You may sign up to make automatic optional cash payments which would be deducted directly from your bank account.
 
  •  You may deposit your Class A Common Stock certificates for safekeeping with the Plan Administrator.
 
If after reading the enclosed prospectus you would like to enroll, please complete the Enrollment Form as indicated and return it in the enclosed envelope to the Plan Administrator, The Bank of New York Mellon.
 
If you have any questions regarding the Plan, please contact the Plan Administrator at 1-866-249-2607 or Kelly Services’ Investor Relations Department at (248) 362-4444. We hope that you take advantage of some of the new features offered in this Plan and thank you for your continued support of Kelly Services, Inc.
 
Sincerely,
 
Carl T. Camden
President and
Chief Executive Officer

EX-99.2 5 k48356exv99w2.htm EX-99.2 exv99w2
Exhibit 99.2
 
(KELLY SERVICES LOGO)
 
Dear Investor:
 
We are pleased to offer the opportunity to invest in Kelly Services Class A Common Stock more economically and conveniently than ever before through our Shareholder Investment Plan (“Plan”). A copy of the Plan prospectus is enclosed for your review along with the Initial Purchase Form. Some of the highlights of the Plan are as follows:
 
  •  You may purchase initial shares of Class A Common Stock by investing as little as $250 or as much as $10,000.
 
  •  You may purchase additional shares of Class A Common Stock by automatically reinvesting all or a portion of your cash dividends.
 
  •  You may also purchase shares of Class A Common Stock by making optional cash payments of $25 up to a maximum of $10,000 per transaction not to exceed $100,000 per year.
 
  •  You may sign up to make automatic optional cash payments which would be deducted directly from your bank account.
 
  •  You may deposit your Class A Common Stock certificates for safekeeping with the Plan Administrator.
 
If after reading the enclosed prospectus you would like to enroll, please complete the Initial Purchase Form as indicated and return it in the enclosed envelope to the Plan Administrator, The Bank of New York Mellon.
 
If you have any questions regarding the Plan, please contact the Plan Administrator at 1-866-249-2607. We thank you for your interest in Kelly Services, Inc.
 
Sincerely,
 
Carl T. Camden
President and
Chief Executive Officer

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