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): November 2, 2016
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. | Election of Directors |
On November 2, 2016, ManpowerGroup Inc. (the “Company”) elected Julie M. Howard to its Board of Directors, effective December 12, 2016. Ms. Howard is Chief Executive Officer and Chairman of the Board of Directors of Navigant Consulting, Inc. Ms. Howard has not yet been appointed to any committees of the Company’s Board of Directors however, the Company anticipates she will be appointed to one or more committees in the future.
As a non-employee director of the Company, Ms. Howard will participate in the same compensation arrangement as the other non-employee directors of the Company, which will consist of a cash retainer equal to $95,000 per year and reimbursement for travel expenses incurred in connection with attending Board of Directors and Committee meetings. In addition, Ms. Howard will receive a prorated annual grant of deferred stock upon her appointment to the Board of Directors.
The Company will also enter into an indemnification agreement with Ms. Howard which will be in substantially the same form as the indemnification agreements entered into by the Company with each of the Company’s other outside directors. The description of the indemnification agreement is contained in the Company’s Current Report on Form 8-K dated October 31, 2006 and is incorporated by reference herein.
The press release issued by the Company announcing the election of Ms. Howard is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Exhibits
Exhibit No. | Description |
99.1 | Press Release dated November 2, 2016 |
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: November 2, 2016 | By: | /s/ Richard Buchband | ||
Name: | Richard Buchband | |||
Title: | Senior Vice President, General Counsel and Secretary | |||
Exhibit Index
99.1 | Press Release dated November 2, 2016 |
Exhibit 99.1
CONTACTS: | |||
Chelsey Orlikowski | |||
414.906.7320 | |||
chelsey.orlikowski@manpowergroup.com | |||
Alexis Lozinak | |||
414.906.5937 | |||
alexis.lozinak@manpowergroup.com | |||
ManpowerGroup Elects Julie M. Howard to Board of Directors
Chief Executive Officer and Chairman of the Board of Navigant brings thirty years of professional services experience to the ManpowerGroup Board
MILWAUKEE (November 2, 2016) ManpowerGroup (NYSE: MAN) announced today that Julie M. Howard, Chief Executive Officer and Chairman of the Board of Directors of Navigant has been elected to the company's Board of Directors, effective December 12, 2016.
"We're delighted to welcome Julie to the Board" said Jonas Prising, ManpowerGroup Chairman & CEO. “During her impressive career in the professional services industry Julie has led her organization through periods of growth and transformational change, which align well with our own strategic priorities. Julie’s business solutions acumen along with her aptitude for utilizing technology for competitive advantage will be great assets to our Board and our business.”
Howard joined Navigant in 1998 and has since served as Chief Operating Officer, President and CEO. She is responsible for the development and implementation of Navigant’s long-term strategy and for realizing shareholder value. A member of the Board of Directors for InnerWorkings, Inc. and a past member of Kemper's Board of Directors, she also serves on the Medical Center Board of Lurie Children’s Hospital, and is a member of the Council of Economic Advisors for Cook County, the Economic Club and the Commercial Club of Chicago. Howard is also a champion of women’s leadership development and a founding member of the Women’s Leadership and Mentoring Alliance.
To see the full list of ManpowerGroup Board Members visit www.manpowergroup.com/about.
About ManpowerGroup
ManpowerGroup® (NYSE: MAN) is the world’s workforce expert, creating innovative workforce solutions for nearly 70 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 2016, ManpowerGroup was named one of the World’s Most Ethical Companies for the sixth 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
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