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): April 26, 1999 MANPOWER INC. (Exact name of registrant as specified in its charter) Wisconsin 1-10686 39-1672779 (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Identification No.) 5301 North Ironwood Road Milwaukee, Wisconsin 53217 (Address of principal executive offices) Registrant's telephone number, including area code: (414) 961-1000Item 5. Other Events. On April 26, 1999, Manpower Inc. (the "Company") announced the retirement of Mitchell S. Fromstein, the Company's Chairman, President and Chief Executive Officer, effective April 30, 1999. He retired from his position as Chairman, President, and Chief Executive Officer and as a Director of the Company and from all other positions as an officer of the Company and as a director of each subsidiary and affiliate of the Company. Mr. Fromstein will become Chairman Emeritus (a non-director and non-executive officer post) and will serve as an adviser to the Company. Jeffrey A. Joerres, Senior Vice President - European Operations and Marketing and Major Account Development of the Company has been appointed President and Chief Executive Officer of the Company effective April 30, 1999. Mr. Joerres has also been appointed as a Director of the Company to fill the vacancy created by Mr. Fromstein's resignation. John R. Walter, a Director of the Company, has been appointed as the Company's Chairman. The Company's Press Release issued April 26, 1999 is attached as an exhibit to this report and is incorporated herein by reference. Item 7. Exhibits. Exhibit No. Description 99.1 Press Release dated April 26, 1999
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. MANPOWER INC. Date: April 27, 1999 /s/ Michael J. Van Handel ------------------------- Michael J. Van Handel Senior Vice President - Chief Financial Officer, Treasurer and Secretary
EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated April 26, 1999.
MANPOWER INC. FOR IMMEDIATE RELEASE APRIL 26, 1999 Milwaukee, Wisconsin - Manpower Inc. (NYSE: MAN) announced today the retirement of its President, CEO and Chairman, Mitchell Fromstein and the appointment of Jeffrey Joerres, Senior Vice President of the firm, as President and Chief Executive Officer as of April 30, 1999. Fromstein, 71, who has served as Manpower's Chief Executive since 1976, will become Chairman Emeritus and serve as an adviser to the Company. Joerres, 39, joined Manpower in 1993 after serving in management positions with IBM and ARI Network Services. He is credited with the establishment and growth of the Company's portfolio of global accounts, which now represents over $1 billion in annual staffing services volume, and has, over the past year, had corporate responsibility for operations in the UK, Germany, Holland, Spain, Italy, Belgium, Switzerland, Israel, Austria and the Nordic region. "I have been given a unique and exciting opportunity to lead one of the greatest brands in the world, and I am fortunate to have learned from Mitchell Fromstein, who is truly a legend in the industry. As the new custodian of the brand, I believe strongly that the intrinsic value of our brand has yet to be fully realized by all of our stakeholders. I see it as my challenge and responsibility to aggressively pursue that goal in every way possible," said Joerres. Manpower's Board Chairmanship will be assumed by John R. Walter, presently a Board member. Walter, 52, served most recently as President and Chief Operating Officer of AT&T prior to which he served as President, Chairman and CEO of the R.R. Donnelley & Sons Co. for nine years. Fromstein, in his final address to shareholders at the firm's Annual Meeting Monday, said: "I believe the Manpower Board has created an excellent team to replace my functions, combining the youth and proven performance of Jeff Joerres with the corporate experience of John Walter. I have served long years with a great sense of pride and satisfaction, but it is time for fresh sets of eyes to search the changing horizons of our dynamic industry for opportunities that can propel Manpower's growth in the future. "The Company will be in good hands." # # #