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 1, 2004
MANPOWER 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.) |
| 5301 North Ironwood Road Milwaukee, Wisconsin |
53217 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (414) 961-1000
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 Securities 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 8.01 Other Events
On November 1, 2004, we issued a press release announcing that the Board of Directors approved an increase in the semi-annual dividend to 20 cents per share from 10 cents per share. The Board of Directors also approved a share repurchase program, which gives us the ability to purchase up to 5 million shares of our issued and outstanding common stock. 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 November 1, 2004 |
SIGNATURES
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.
| MANPOWER INC. | ||||
| Dated: November 1, 2004 |
By: | Michael J. Van Handel | ||
| Michael J. Van Handel | ||||
| Executive Vice President, Chief Financial | ||||
| Officer and Secretary | ||||
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press Release dated November 1, 2004 |
Exhibit 99.1
[MANPOWER logo]
| FOR IMMEDIATE RELEASE | Contact: | |||
| Mike Van Handel | ||||
| Chief Financial Officer | ||||
| (414) 906-6305 |
Manpower Inc. Doubles Semi-Annual Dividend
and Announces Share Repurchase Program
MILWAUKEE, WI, USA, November 1, 2004 – On October 29, 2004 the Board of Directors of Manpower Inc. (NYSE: MAN) approved an increase in the semi-annual dividend to 20 cents per share from 10 cents per share. The dividend is payable on December 15, 2004 to shareholders of record on December 6, 2004.
The Board of Directors also approved a share repurchase program, which gives the Company the ability to purchase up to 5 million shares of its issued and outstanding common stock. Purchases under this program may be made from time to time in open market or privately negotiated transactions. Common stock acquired through the repurchase program will be available for general corporate purposes.
“Manpower is committed to creating value for our shareholders. Our improving operating results and financial condition provide the opportunity to enhance shareholder returns through a doubling of our dividend and increased share repurchase activity,” said Jeffrey A. Joerres, Manpower Chairman and CEO. “These actions allow us to return our excess cash to our shareholders in an efficient manner while continuing to support strong business growth and maintaining our financial flexibility.”
Additional financial information about Manpower Inc., including stock history, dividend history and annual shareholder reports, can be found at http://investor.manpower.com.
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About Manpower Inc.
Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry, offering customers a continuum of services to meet their needs throughout the employment and business cycle. The company specializes in permanent, temporary and contract recruitment; employee assessment; training; career transition and organizational consulting services. Manpower’s worldwide network of 4,300 offices in 67 countries and territories enables the company to meet the needs of its 400,000 customers per year, including small and medium size enterprises in all industry sectors, as well as the world’s largest multinational corporations. The focus of Manpower’s work is on raising productivity through improved quality, efficiency and cost-reduction, enabling customers to concentrate on their core business activities. In addition to the Manpower brand, the company operates under the brand names of Right Management Consultants, Jefferson Wells, Elan and Brook Street. More information on Manpower Inc. is available at www.manpower.com.