Attached files
| file | filename |
|---|---|
| EX-10.6 - EXHIBIT 10.6 - KELLY SERVICES INC | c15102exv10w6.htm |
| EX-10.16 - EXHIBIT 10.16 - KELLY SERVICES INC | c15102exv10w16.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2011
KELLY SERVICES, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 0-1088 | 38-1510762 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 999 WEST BIG BEAVER ROAD, TROY, MICHIGAN | 48084 |
|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (248) 362-4444
(Former name or former address, if changed since last report.)
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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01. | Entry into a Material Definitive Agreement |
On March 31, 2011, the Company entered into an agreement with its lenders to amend and restate its
existing $90 million, three-year revolving credit facility (the “Facility”). The amendment (i)
increased the size to $150 million, (ii) changed some terms and conditions, and (iii) extended the
term to five years, with a new maturity date of March 31, 2016.
On March 31, 2011, the Company and Kelly Receivables Funding, LLC, a wholly owned bankruptcy remote
special purpose subsidiary of the Company (the “Receivables Entity”), amended the Receivables
Purchase Agreement related to the $100 million securitization facility (“Securitization Facility”).
The amendment (i) extended the commitment period from 364 days to three years, (ii) adjusted
pricing, and (iii) increased the size from $100 to $150 million.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a 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
| 10.6 | Amended and restated five-year, secured, revolving credit agreement, dated March 31,
2011 |
|
| 10.16 | Receivables Purchase Agreement Amendment No. 2 |
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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.
| Date: April 6, 2011 |
KELLY SERVICES, INC. |
|||
| /s/ Patricia Little | ||||
| Patricia Little | ||||
| Executive Vice President and Chief Financial Officer (Principal Financial Officer) |
||||
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EXHIBIT INDEX
| Exhibit No. | Description | |
10.6
|
Amended and restated five-year, secured, revolving credit agreement, dated March 31, 2011 | |
10.16
|
Receivables Purchase Agreement Amendment No. 2 |
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