ADDED
Registrant had 30,915,587 shares of Class A and 3,295,941 shares of Class B common stock, par value $1.00 per share, outstanding as of February 01, 2026.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE.
45 INDEX TO FINANCIAL STATEMENTS 46 SCHEDULE II - VALUATION RESERVES 93 SIGNATURES 97 3 PART I Unless the context otherwise requires, throughout this Annual Report on Form 10-K the words Kelly, Kelly Services, the Company, we, us and our refer to Kelly Services, Inc.
In 1996, Kelly established the industry s first Managed Service Provider ( MSP ) program.
Three years later, the Company launched specialized offerings in engineering, information technology and education.
In 2020, Kelly launched a new operating model comprising five specialty business units: Kelly Professional Industrial ( P I ); Kelly Science, Engineering Technology ( SET ); Kelly Education; KellyOCG ( Outsourcing Consulting or OCG ); and Kelly International.
in 2022 and EMEA staffing operations in 2024, among other transactions) and redeploying available capital, Kelly completed several strategic acquisitions over the years, including Teachers On Call; Global Technology Associates ( GTA ); NextGen; Greenwood/Asher Associates; Softworld; RocketPower; Pediatric Therapeutic Services ( PTS ); Motion Recruitment Partners ( MRP ); and Children s Therapy Center ( CTC ).
In 2025, Kelly integrated its P I and OCG specialty areas, responding to a shift in large enterprise demand toward integrated workforce solutions and enabling a more streamlined and efficient go-to-market approach.
REMOVED
Registrant had 31,592,205 shares of Class A and 3,295,841 shares of Class B common stock, par value $1.00 per share, outstanding as of February 2, 2025.
2 PART I Unless the context otherwise requires, throughout this Annual Report on Form 10-K the words Kelly, Kelly Services, the Company, we, us and our refer to Kelly Services, Inc.
In 1996, Kelly established the industry s first Managed Service Provider ("MSP") program.
Three years later, the Company launched specialized offerings in engineering, IT and education.
In 2020, Kelly launched a new operating model comprising five specialty business units: Kelly Professional Industrial ("P I"); Kelly Science, Engineering Technology ("SET"); Kelly Education; KellyOCG ("Outsourcing Consulting" or "OCG"); and Kelly International.
This model optimized Kelly s structure and capabilities based on market opportunity and the unique needs of employers and talent in each specialty to enable organic growth.
By monetizing non-core assets and redeploying available capital, Kelly completed several strategic acquisitions over the years, including Teachers On Call; Global Technology Associates ("GTA"); NextGen; Greenwood/Asher Associates; Softworld; RocketPower; Pediatric Therapeutic Services ("PTS"); Motion Recruitment Partners ("MRP"); and Children s Therapy Center ("CTC").
Today, Kelly remains one of the largest providers of temporary and permanent staffing services, outcome-based solutions, RPO, MSP, and payroll process outsourcing ("PPO").
The Company delivers these differentiated offerings through four specialty business units, each a leader in the respective markets on which they are focused: Kelly Education; Kelly Professional Industrial; Kelly Science, Engineering Technology; and KellyOCG.
Professional Industrial delivers temporary staffing, outcome-based and permanent placement services.