UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 2015
MANPOWERGROUP INC.
(Exact name of registrant as specified in its charter)
Wisconsin | 1-10686 | 39-1672779 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
100 Manpower Place | |
Milwaukee, Wisconsin | 53212 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (414) 961-1000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
□ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
□ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
□ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
On October 29, 2015, Jeffrey A. Joerres, Executive Chairman of ManpowerGroup Inc. (the “Company”) notified the Board of Directors that he will retire as Executive Chairman and from the Board of Directors, effective December 30, 2015. ManpowerGroup also announced that Jonas Prising, the Company’s CEO, has been appointed to the additional position of Chairman of the Board, effective December 31, 2015, to succeed Mr. Joerres.
In connection with his retirement and in light of the services Mr. Joerres has and will continue to perform in 2015 as Executive Chairman, the Company has agreed to pay Mr. Joerres his full annual incentive for 2015. The amount of such incentive will be based on actual performance results for the objectives first approved for him in February 2015, as determined by the Executive Compensation and Human Resources Committee in early 2016.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Exhibits
Exhibit No. | Description |
99.1 | Press Release dated October 29, 2015 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MANPOWERGROUP INC. | ||||
Dated: 10/29/15 | By: | /s/ Richard Buchband | ||
Name: | Richard Buchband | |||
Title: | Senior Vice President, General Counsel and Secretary | |||
Exhibit Index
99.1 | Press Release dated October 29, 2015 |
Exhibit 99.1
FOR IMMEDIATE RELEASE | CONTACT: |
Chelsey Orlikowski
chelsey.orlikowski@manpowergroup.com
+1.414.906.7320
Ruth Harper
+1.414.906.7490
ruth.harper@manpowergroup.com
ManpowerGroup Executive Chairman Jeffrey A. Joerres to Retire At End of Year After 22 Years; CEO Jonas Prising To Become Chairman of the Board
MILWAUKEE (October 29, 2015) – ManpowerGroup (NYSE: MAN) today announced that Jeffrey A. Joerres will retire as Executive Chairman and from the Board of Directors, effective December 30, 2015. Mr. Joerres will be succeeded by ManpowerGroup’s CEO Jonas Prising who takes on the additional position of Chairman of the Board, effective December 31, 2015.
Mr. Joerres, 55, joined ManpowerGroup in 1993. He has served as Chairman of the Board since 2001 and was CEO from April 1, 1999 until May 1, 2014. During his tenure, Joerres transformed ManpowerGroup from an $8B temporary staffing company, operating in 50 countries with one brand, to a $20B global provider of innovative workforce solutions operating in 80 countries under four brands – Manpower, Experis, ManpowerGroup Solutions and Right Management.
“Jeff’s impressive contributions to ManpowerGroup span more than three decades. In his 15 years as CEO he drove the expansion of the company with his client first approach and strategic vision,” said Prising. “Jeff has inspired and developed strong leaders across this business and his passion and energy for people and for creating opportunities has truly changed lives and instilled pride in this organization. Jeff is a recognized thought leader in the world of work and his deep industry knowledge and labor market expertise have had a significant impact on our company, our industry and labor markets around the world.”
Ed Zore, lead director of ManpowerGroup’s Board of Directors stated, “The Board appreciates Jeff’s stewardship in building an enterprise with such a strong culture that delivers innovation and results to clients, candidates and shareholders. We wish him every success in his retirement. We also congratulate Jonas Prising on his expanded role and are confident that as both CEO and Chairman he will continue to lead the organization forward with the vision and energy he has demonstrated so clearly in his more than 15 years with ManpowerGroup.”
Mr. Prising, 50, became ManpowerGroup’s fourth CEO when he took office on May 1, 2014. Additional financial information about ManpowerGroup, including stock history and annual shareholder reports, can be found at http://www.manpowergroup.com/investors/investors.cfm.
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ManpowerGroup • 100 Manpower Place, Milwaukee, WI 53212 • USA • Phone +1.414.961.1000 • www.manpowergroup.com
Exhibit 99.1
About ManpowerGroup
ManpowerGroup® (NYSE: MAN) is the world’s workforce expert, creating innovative workforce solutions for more than 65 years. As workforce experts, we connect more than 600,000 people to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower®, Experis®, Right Management ® and ManpowerGroup® Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2015, ManpowerGroup was named one of the World’s Most Ethical Companies for the fifth consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com
Forward-Looking Statements
This news release contains statements that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding the Company's expected future results. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements. Factors that may cause the Company's actual results to differ materially from those contained in the forward-looking statements can be found in the Company's reports filed with the SEC, including the information under the heading 'Risk Factors' in its Annual Report on Form 10-K for the year ended December 31, 2014, which information is incorporated herein by reference.
ManpowerGroup • 100 Manpower Place, Milwaukee, WI 53212 • USA • Phone +1.414.961.1000 • www.manpowergroup.com