secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K/A
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000055135-24-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kelly Services closes acquisition of Motion Recruitment Partners; files MRP financials
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- Completed merger with MRP on June 3, 2024; MRP Topco becomes indirect subsidiary of Kelly.
- MRP 2023 revenue $554.1M, net loss $6.6M; vs 2022 revenue $645.6M, net income $22.9M.
- MRP goodwill $148.7M, intangible assets $9.5M, long-term debt $227.2M as of Dec 31, 2023.
- Pro forma combo balance sheet as of Mar 31, 2024 and income statements for FY2023 and Q1 2024 filed.
- MRP operates IT staffing, federal staffing, and RPO across US, Canada, UK, Australia, and Ireland.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513524000024/0000055135-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513524000024/kelya-20240529.htm
  HTML page:      https://secwatch.observer/filing/0000055135-24-000024

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