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): December 15, 2014
MANPOWERGROUP INC.
(Exact name of registrant as specified in its charter)
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Wisconsin
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1-10686
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39-1672779
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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100 Manpower Place
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Milwaukee, Wisconsin
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53212
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(Address of principal executive offices)
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(Zip Code)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02.
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Election of Directors
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On December 15, 2014, ManpowerGroup Inc. (the “Company”) appointed Paul Read to its Board of Directors. Mr. Read has not yet been appointed to any committees of the Company’s Board of Directors; however, the Company anticipates he will be appointed to one or more committees in the future.
As a non-employee director of the Company, Mr. Read will participate in the same compensation arrangement as the other non-employee directors of the Company, which currently consists of a cash retainer equal to $85,000 per year and reimbursement for travel expenses incurred in connection with attending Board of Directors and Committee meetings. In addition, Mr. Read received a prorated annual grant of 75 shares of deferred stock upon his appointment to the Board of Directors.
The Company also entered into an indemnification agreement with Mr. Read which is 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 appointment of Mr. Read is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Exhibits .
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Exhibit No.
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Description
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99.1
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Press Release dated December 15, 2014
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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.
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MANPOWERGROUP INC.
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Dated: December 15, 2014
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By:
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/s/ Richard Buchband
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Name:
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Richard Buchband
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Title:
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Senior Vice President, General Counsel and Secretary
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Exhibit Index
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99.1
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Press Release dated December 15, 2014.
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EXHIBIT 99.1
| FOR IMMEDIATE RELEASE | ||||
| CONTACT: | ||||
| Mark Jelfs | ||||
| +1.414.906.6675 | ||||
| mark.jelfs@manpowergroup.com |
ManpowerGroup Appoints Paul Read to Board of Directors
MILWAUKEE (15 December 2014) – ManpowerGroup Inc. (NYSE: MAN) announced today the appointment of Paul Read, President and Chief Operating Officer of Ingram Micro Inc., to the company’s Board of Directors.
“Paul is an outstanding fit for our Board. He brings a wealth of international experience in a highly demanding, competitive environment,” said Jeffrey A. Joerres, ManpowerGroup Executive Chairman. “Our Board is confident that Paul’s track record in financial and IT management will be a great asset to ManpowerGroup on our path forward.”
In his role at Ingram Micro, a Fortune 100 technology distributor and supply-chain services provider, Read is responsible for the worldwide IT distribution business and associated logistics support organizations. He was named to the position in September 2013. Previously, Read served on Ingram Micro’s board and served as chief financial officer for Flextronics Inc., an electronics manufacturing services provider. Before joining Flextronics in 1995, Read held various senior financial positions in the United Kingdom with Allied Steel and Wire, STI Telecommunications and Associated British Foods.
About ManpowerGroup
ManpowerGroup™ (NYSE: MAN) has been the world’s workforce expert, creating innovative workforce solutions, for more than 65 years. As workforce experts, we connect more than 600,000 men and women 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 2014, ManpowerGroup was named one of the World’s Most Ethical Companies for the fourth 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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