Operator

Hello, and welcome to the Annual Meeting of Shareholders of Kelly Services, Inc. Please note that today's meeting is being recorded. [Operator Instructions] Now it is my pleasure to turn today's meeting over to Chris Hunt, Chairman. The floor is yours.

James Hunt

Good morning, and welcome to Kelly Services 2026 Annual Meeting of Shareholders. I am Chris Hunt, Chairman of the Board. I'm pleased to have you join this webcast, and I will start by thanking Kelly's Board of Directors, all of whom are joining us today. Also thank you to Kelly's leadership team and other employees and guests who have joined us.

Holding our annual meeting virtually allows all shareholders regardless of location to participate safely and conveniently. Positive shareholder feedback supports continuing this format.

2025 was a year of transition for Kelly. We navigated a dynamic macroeconomic environment characterized by an evolving policy landscape and a mixed labor market. Against this backdrop, Kelly took decisive action to position the company for long-term growth. Critical to positioning Kelly for future growth was the appointment of Chris Layden as Chief Executive Officer in September 2025. Chris succeeded Peter Quigley, who retired following a distinguished 23-year career with the company. Chris is a dynamic leader with extensive industry experience, and his appointment reflects Kelly's commitment to driving growth and enhancing its operational capabilities and service delivery.

Kelly's Board of Directors also continues to evolve while remaining steadfast in its commitment to sound governance.

On January 30, 2026, Kelly entered into an agreement with Hunt Equity Opportunities LLC related to its purchase