8-KThe WireStrategic
Material Agreement · New Debt / Obligation
Filed Jan 5, 2022 · 4y ago · Accession 0001437749-22-000403
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 30, 2021
KELLY SERVICES, INC.
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(Exact name of Registrant as specified in its charter)
Delaware
0-1088
38-1510762
(State or other
(Commission
(IRS Employer
jurisdiction of
File Number)
Identification
incorporation)
Number)
999 W est Big Beaver Road , T roy , M ichigan 48084
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(Address of principal executive offices)
(Zip Code)
( 248 ) 362-4444
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each
class
Trading
Symbols
Name of each exchange
on which registered
Class A Common
KELYA
NASDAQ Global Market
Class B Common
KELYB
NASDAQ Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On December 30, 2021, Kelly Services, Inc. (the “Company”) and Kelly Receivables Funding, LLC, a wholly owned bankruptcy remote special purpose subsidiary of the Company, and the administrator and purchaser agent amended the Receivables Purchase Agreement related to the $150 million securitization facility. The amendment (i) extended the maturity to December 5, 2024, and (ii) changed certain of the terms and conditions.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.
The information set forth in Item 1.01 above is incorporated by reference in this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.15 First Amended and Restated Receivables Purchase Agreement Amendment No. 2, dated December 30, 2021
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURE
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: January 5, 2022
/s/ Laura S. Lockhart
Laura S. Lockhart
Vice President, Corporate
Controller and
Chief Accounting Officer
(Principal Accounting
Officer)
EXHIBIT INDEX
Exhibit No. Description
10.15 First Amended and Restated Receivables Purchase Agreement Amendment No. 2, dated December 30, 2021
Filing details
- Company
- KELLY SERVICES INC
- Ticker
- KELYB
- CIK
- 55135
- Form type
- 8-K
- Filing date
- Jan 5, 2022
- Report date
- Dec 30, 2021
- Document
- kelya20211230_8k.htm
- Size
- 1.1 MB