KELLY SERVICES INC (KELYA): M&A transaction — Hunt Equity acquires 92.2% voting control of Kelly Services for $106M, appoints new board

KELLY SERVICES INC

Hunt purchased 3,039,940 Class B shares from Trust K for $106M, becoming controlling stockholder with 92.2% voting power.
Additional earn-out of up to $15.2M if Kelly's market cap reaches $1.2B within 48 months of closing.
Five directors resigned; four Hunt designees appointed, including Chris Hunt as Chairman. CEO Layden remains on board.
Rights plan amended to expire just before the transfer; credit agreements revised to avoid change-in-control triggers.
Hunt receives demand and piggyback registration rights; Kelly may now use controlled company exemption under Nasdaq rules.

item 1.01 item 3.03 item 2.03 item 5.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

KELLY SERVICES INC underwent a change of control involving Hunt Equity Opportunities, LLC for $106,000,000 (closed 2026-01-30).

Action: change of control
Counterparty: Hunt Equity Opportunities, LLC
Consideration: $106,000,000
Closing: 2026-01-30

Exact text from the filing

Terence E. Adderley Revocable Trust K pursuant to the Purchase Agreement, dated January 9, 2026, as referenced in the Agreement. The aggregate purchase price paid by Hunt was $106,000,000. The Purchase Agreement also provides for an additional payment in cash equal to $15,199,700 if at any time within the 48-month period following the closing of the share sale,

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KELLY SERVICES INC entered into Letter Agreement with Hunt Equity Opportunities, LLC (effective 2026-01-30).

Action: entry
Counterparty: Hunt Equity Opportunities, LLC
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, Kelly Services, Inc. (the “ Company ”) entered into a letter agreement (the “ Agreement ”) with Hunt Equity Opportunities, LLC (“ Hunt ”).

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

KELLY SERVICES INC filing history →

Source: SEC EDGAR

accession 0001193125-26-031768

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