10% owner liquidates entire 3.04M share position for $106.0M as Kelly Services reports -$150.1M net loss
TERENCE E. ADDERLEY REVOCABLE TRUST K, a 10% owner of Kelly Services, sold 3,039,940 shares at $34.87 on 2026-01-30, eliminating its entire stake in the company and generating $105,999,971.85 in proceeds. The sale occurs in the context of severe operational distress: the company reported a net loss of -$150,100,000.00 with revenue of $935,000,000.00, declining -10.4% year-over-year, while remaining unprofitable over its most recent full fiscal year. This complete liquidation—not a partial reduction—by a major shareholder represents a meaningful signal about confidence in the business trajectory, particularly given the company's current profitability crisis and revenue contraction.