---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-24-000021"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:58:00.248443+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kelly Services closes $425M acquisition of Motion Recruitment Partners

## Summary
- Purchase price $425M, funded with debt and cash including $100M from European staffing sale.
- Earn-out of up to $60M possible in Q2 2025 based on gross profit exceeding agreed amount.
- Credit revolver amended to $150M (can increase to $300M); securitization facility raised to $250M (can increase to $350M).
- Borrowed $203M on securitization and $87M on revolver to fund deal; remaining capacity minimal.
- Management to host webcast on June 18, 2024 to detail acquisition rationale and MRP financials.

## SEC filing metadata
- accession: 0000055135-24-000021
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513524000021/0000055135-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513524000021/kelya-20240529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-24-000021
- JSON: https://secwatch.observer/filing/0000055135-24-000021.json
- Plain text: https://secwatch.observer/filing/0000055135-24-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.