Contact Information: Analyst Contact: James Polehna (248) 244-4586 james_polehna@kellyservices.com Media Contact: Judith Clark (248) 244-5362 Judith_clark@kellyservices.com
Kelly Services Temporarily Suspends Cash Dividend
| Source: Kelly Services, Inc.
TROY, MI--(Marketwire - February 11, 2009) - Kelly Services, Inc. (NASDAQ : KELYA ) (NASDAQ : KELYB ), a world leader in human resources solutions, today announced that
its Board of Directors voted to temporarily suspend the payment of the
quarterly cash dividend on Kelly Services Class A and Class B common stock.
Carl Camden, President and Chief Executive Officer, stated, "The Board has
determined that the suspension of the cash dividend is prudent given the
economic turmoil the global economy is presently experiencing and its
impact on our business. Despite this action, we continue to believe that
dividends are an important element in delivering value to our shareholders
and our Board intends to re-address payment of a dividend as the economic
environment improves. Kelly has a 47-year history of paying dividends."
Camden emphasized that the Board and management believe this action is in
the best interest of shareholders to help sustain operations and ensure the
long-term strength of Kelly, so that it remains a leading staffing company
in the future.
In support of management's efforts during this difficult period, Mr. T. E.
Adderley, Chairman, and the independent members of the Board of Directors
voluntarily reduced their current compensation ten percent.
About Kelly Services
Kelly Services, Inc. (NASDAQ : KELYA ) (NASDAQ : KELYB ) is a world leader in
human resources solutions headquartered in Troy, Michigan, offering
temporary staffing services, outsourcing, vendor on-site and full-time
placement to clients on a global basis. Kelly provides employment to
nearly 650,000 employees annually, with skills including office services,
accounting, engineering, information technology, law, science, marketing,
creative services, light industrial, education, and health care. Revenue
in 2008 was $5.5 billion. Visit www.kellyservices.com.