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Kelly Services, Inc. Message Board

  • mimsey mimsey Apr 2, 2012 7:47 PM Flag

    KELYA and KELYB

    what is the difference? Why the heck did KELYB go up 12% today?

    I guess I wil write the company and ask them.

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    • According to the annual report:

      The authorized capital stock of the Company is 100,000,000 shares of Class A common stock and 10,000,000 shares of Class B common stock. Class A shares have no voting rights and are not convertible. Class B shares have voting rights and are convertible by the holder into Class A shares on a share-for-share basis at any time. Both classes of stock have identical rights in the event of liquidation.

      Class A shares and Class B shares are both entitled to receive dividends, subject to the limitation that no cash dividend on the Class B shares may be declared unless the Board of Directors declares an equal or larger cash dividend on the Class A shares. As a result, a cash dividend may be declared on the Class A shares without declaring a cash dividend on the Class B shares.

 
KELYA
16.465+0.285(+1.76%)Dec 18 3:59 PMEST

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