Kelly Services appoints Anderson as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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CFO Transition Announcement: Kelly has completed its CFO transition, appointing Troy Anderson as the new chief financial officer effective December 2, 2024.
Retirement and Advisory Role: Olivier Thirot will retire from his position but will remain with the company as a strategic advisor.
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Analyst Views on KELYB
Wall Street analysts forecast KELYB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KELYB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.610
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Current: 13.610
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About KELYB
Kelly Services, Inc. helps companies recruit and manage skilled workers and helps job seekers find work. The Company's segments include Enterprise Talent Management (ETM), Science, Engineering & Technology (SET), and Education. ETM and SET segments provide solutions, which include temporary staffing, permanent placement, outcome-based and talent. Education segment provides solutions, which include temporary staffing and permanent placement. ETM segment’s specialties include industrial, contact center, office clerical, managed service provider (MSP), recruitment process outsourcing (RPO), and payroll process outsourcing (PPO). SET segment’s specialties include engineering, science and clinical, technology and telecom. Education segment’s specialties include K-12, special ed/needs, tutoring, therapy services and executive search. Its brands include KellyConnect, RocketPower, NextGen, GTA, Softworld, Greenwood Asher & Associates, Teachers On Call and Pediatric Therapeutic Services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kelly Services Adopts Shareholder Rights Plan to Safeguard 92.2% Stake
- Shareholder Rights Plan: On January 11, 2026, Kelly Services' Board unanimously adopted a shareholder rights plan to provide sufficient time for evaluating the terms of the sale of 92.2% of shares, thereby protecting the interests of all shareholders.
- Sale Notification: The Terence E. Adderley Revocable Trust notified the Board on January 9, 2026, of its intent to sell its 92.2% voting Class B common stock to a private party, potentially impacting the company's control.
- Rights Distribution Details: Under the rights plan, the company will issue rights to purchase 0.9833 shares of Class A and 0.0167 shares of Class B common stock to shareholders, effective as of January 11, 2026, enhancing shareholder engagement.
- Exercisability Conditions: If any person or group acquires 75% or more of the Class B common stock, the rights will become exercisable, allowing holders to receive common stock valued at twice the exercise price, which could lead to significant changes in company control.
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Kelly Services Adopts Shareholder Rights Plan to Safeguard 92.2% Class B Stock Sale
- Shareholder Rights Plan: Kelly Services' Board unanimously adopted a shareholder rights plan on January 11, 2026, to provide sufficient time to evaluate the sale of 92.2% of Class B voting stock, thereby protecting the interests of all shareholders.
- Stock Sale Notification: The Terence E. Adderley Revocable Trust notified the Board on January 9, 2026, of a definitive agreement to sell its entire 92.2% Class B common stock to a private party, potentially impacting the company's control structure.
- Rights Plan Details: Under the rights plan, the company will issue purchase rights to shareholders of Class A and Class B common stock, with initial rights not exercisable and set to expire on January 10, 2027, aimed at preventing hostile takeovers.
- Legal Advisor Support: Kelly Services has engaged Potter Anderson & Corroon LLP and Nelson Mullins Riley & Scarborough LLP as legal advisors to ensure compliance and effective implementation of the rights plan, enhancing the company's governance structure.
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