Form 8-K - Current Report - ManpowerGroup Inc. (March 29, 2013)

Sep 16, 2026

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Current Report on Form 8-K submitted by ManpowerGroup Inc. to the U.S. Securities and Exchange Commission. The filing reports the resignation of Owen Sullivan from his role as Executive Vice President, President – Specialty Brands, effective April 1, 2013, and describes the March 29, 2013 transition agreement terms, including timing of termination, reduced compensation during the project-employment period, benefits under prior severance arrangements, and treatment of deferred compensation and vested stock options. It also references the related Exhibit 10.1 agreement and includes signatures and exhibit index details.

LanguageEnglish

CategoryLetters

FormatPDF

Pages12

Reading Time4 min

AccessFree to download

Item 5.02

Departure of Directors or Certain Officers

Item 9.01

Exhibits

Employment Transition Agreement

Termination

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): March 29, 2013 MANPOWERGROUP 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.) 100 Manpower Place Milwaukee, Wisconsin 53212 (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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As announced earlier, Owen Sullivan has resigned from his role of Executive Vice President, President – Specialty Brands, effective April 1, 2013. On March 29, 2013, the Company and Mr. Sullivan entered into a transition agreement. Under the agreement, Mr. Sullivan terminates his position as EVP, President – Specialty Brands on March 31, 2013, but will remain employed as a project employee until June 30, 2013 to assist with the integration of Experis, Right and certain other global sales activities. During that period, his salary is reduced to the rate of $25,000 per month and he is not entitled to earn any bonus. In connection with his departure at the end of June 2013, he will be entitled to receive the payments and benefits owed to him under the previously existing severance agreement with the Company. He also will be entitled to receive any payments or benefits to which he is entitled under other Company compensatory plans. Among other such rights, Mr. Sullivan has an accrued benefit under the Company’s frozen Performance Based Deferred Compensation Plan, that is payable to him upon his termination of employment if such termination qualifies as a retirement or early retirement under the Plan. The Executive Compensation and Human Resources Committee has the discretion to designate any termination of employment as an early retirement. In addition, Mr. Sullivan also has vested stock option awards that were granted to him under the Company’s equity incentive plans which will expire 18 months after the date of his termination. If Mr. Sullivan was entitled to early retirement treatment, as determined by the Committee, he would have 3 years to exercise his vested stock options, but his unvested stock options would not accelerate. The transition agreement provides that the CEO will recommend that the Committee approve Mr. Sullivan’s termination as early retirement so that he would receive his accrued benefit under the Performance Based Deferred Compensation Plan and have the longer 3-year period to exercise his vested options following his termination. The foregoing is a summary of the transition agreement and is qualified in its entirety by reference to the separation agreement that is filed as Exhibit 10.1 to this current report on Form 8-K. Item 9.01. Exhibits. Exhibit No. Description 10.1 Employment Separation Agreement dated March 29, 2013, between ManpowerGroup Inc. and Owen Sullivan 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 a

FAQs

What event does the Form 8-K report for March 29, 2013?

It reports Owen Sullivan’s resignation from his Executive Vice President, President – Specialty Brands role and the related transition agreement terms.

What happens to Sullivan’s employment and compensation during the transition?

Sullivan’s positions end March 31, 2013, but he remains employed as a project employee until June 30, 2013 with salary reduced to $25,000 per month and no bonus eligibility during that period.

How are Sullivan’s deferred compensation and stock options treated under the agreement?

He has an accrued benefit payable upon termination if the termination qualifies as retirement or early retirement under the plan, and vested stock options expire 18 months after termination; if early retirement treatment is approved, he has a longer 3-year period to exercise vested options while unvested options do not accelerate.

Sep 16, 2026

Upload by Sarah