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ManpowerGroup Inc. – ‘10-K’ for 12/31/20 – ‘EX-4.3’

On:  Friday, 2/19/21, at 5:07pm ET   ·   For:  12/31/20   ·   Accession #:  1564590-21-6974   ·   File #:  1-10686

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/19/21  ManpowerGroup Inc.                10-K       12/31/20  127:34M                                    ActiveDisclosure/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.70M 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     41K 
 3: EX-10.7F    Material Contract                                   HTML     59K 
 4: EX-10.8A    Material Contract                                   HTML    116K 
 5: EX-21       Subsidiaries List                                   HTML    108K 
 6: EX-23.1     Consent of Expert or Counsel                        HTML     36K 
 7: EX-24       Power of Attorney                                   HTML     46K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     42K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     42K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     38K 
11: EX-32.2     Certification -- §906 - SOA'02                      HTML     38K 
18: R1          Document and Entity Information                     HTML    100K 
19: R2          Consolidated Statements of Operations               HTML     95K 
20: R3          Consolidated Statements of Comprehensive Income     HTML     74K 
21: R4          Consolidated Statements of Comprehensive Income     HTML     43K 
                (Parenthetical)                                                  
22: R5          Consolidated Balance Sheets                         HTML    146K 
23: R6          Consolidated Balance Sheets (Parenthetical)         HTML     59K 
24: R7          Consolidated Statements of Cash Flows               HTML    135K 
25: R8          Consolidated Statements of Shareholders' Equity     HTML    104K 
26: R9          Consolidated Statements of Shareholders' Equity     HTML     39K 
                (Parenthetical)                                                  
27: R10         Summary of Significant Accounting Policies          HTML    514K 
28: R11         Revenue Recognition                                 HTML    404K 
29: R12         Share-Based Compensation Plans                      HTML    279K 
30: R13         Acquisitions and Dispositions                       HTML     73K 
31: R14         Income Taxes                                        HTML    338K 
32: R15         Net Earnings Per Share                              HTML     85K 
33: R16         Goodwill                                            HTML    165K 
34: R17         Debt                                                HTML     84K 
35: R18         Retirement and Deferred Compensation Plans          HTML    961K 
36: R19         Accumulated Other Comprehensive Loss                HTML     63K 
37: R20         Interest and Other Expenses (Income), Net           HTML     68K 
38: R21         Derivative Financial Instruments                    HTML    156K 
39: R22         Leases                                              HTML    159K 
40: R23         Segment Data                                        HTML    717K 
41: R24         Contingencies                                       HTML     41K 
42: R25         Quarterly Data (Unaudited)                          HTML    184K 
43: R26         Schedule II VALUATION AND QUALIFYING ACCOUNTS       HTML     76K 
44: R27         Summary of Significant Accounting Policies          HTML    569K 
                (Policies)                                                       
45: R28         Summary of Significant Accounting Policies          HTML    463K 
                (Tables)                                                         
46: R29         Revenue Recognition (Tables)                        HTML    386K 
47: R30         Share-Based Compensation Plans (Tables)             HTML    278K 
48: R31         Acquisitions and Dispositions (Tables)              HTML     62K 
49: R32         Income Taxes (Tables)                               HTML    340K 
50: R33         Net Earnings Per Share (Tables)                     HTML     83K 
51: R34         Goodwill (Tables)                                   HTML    166K 
52: R35         Debt (Tables)                                       HTML     81K 
53: R36         Retirement and Deferred Compensation Plans          HTML    964K 
                (Tables)                                                         
54: R37         Accumulated Other Comprehensive Loss (Tables)       HTML     63K 
55: R38         Interest and Other Expenses (Income), Net (Tables)  HTML     68K 
56: R39         Derivative Financial Instruments (Tables)           HTML    154K 
57: R40         Leases (Tables)                                     HTML    162K 
58: R41         Segment Data (Tables)                               HTML    777K 
59: R42         Quarterly Data (Unaudited) (Tables)                 HTML    183K 
60: R43         Summary of Significant Accounting Policies -        HTML    344K 
                Additional Information (Details)                                 
61: R44         Summary of Significant Accounting Policies -        HTML     47K 
                Summary of Rollforward of Allowance for Doubtful                 
                Accounts (Details)                                               
62: R45         Summary of Significant Accounting Policies -        HTML     70K 
                Schedule of Changes in Restructuring Reserve                     
                (Details)                                                        
63: R46         Summary of Significant Accounting Policies -        HTML     64K 
                Schedule of Changes in Restructuring Reserve                     
                (Parenthetical) (Details)                                        
64: R47         Summary of Significant Accounting Policies -        HTML     65K 
                Schedule of Assets and Liabilities Measured and                  
                Recorded at Fair Value On Recurring Basis                        
                (Details)                                                        
65: R48         Summary of Significant Accounting Policies -        HTML     70K 
                Schedule of Goodwill, Finite-Lived Intangible                    
                Assets and Indefinite-Lived Intangible Assets                    
                (Details)                                                        
66: R49         Summary of Significant Accounting Policies -        HTML     43K 
                Schedule of Goodwill, Finite-Lived Intangible                    
                Assets and Indefinite-Lived Intangible Assets                    
                (Parenthetical) (Details)                                        
67: R50         Summary of Significant Accounting Policies -        HTML     49K 
                Summary of Property and Equipment (Details)                      
68: R51         Revenue Recognition - Additional Information        HTML     45K 
                (Details)                                                        
69: R52         Revenue Recognition - Disaggregation of Revenue     HTML    198K 
                (Details)                                                        
70: R53         Share-Based Compensation Plans - Additional         HTML    105K 
                Information (Details)                                            
71: R54         Share-Based Compensation Plans - Summary of Stock   HTML     78K 
                Option Activity (Details)                                        
72: R55         Share-Based Compensation Plans - Schedule of        HTML     77K 
                Options Outstanding and Exercisable (Details)                    
73: R56         Share-Based Compensation Plans - Assumptions Used   HTML     48K 
                to Estimate Fair Value of Share Awards (Details)                 
74: R57         Share-Based Compensation Plans - Summary of         HTML     68K 
                Restricted Stock Activity (Details)                              
75: R58         Share-Based Compensation Plans - Performance Share  HTML     47K 
                Units (Details)                                                  
76: R59         Acquisitions and Dispositions - Additional          HTML    135K 
                Information (Details)                                            
77: R60         Acquisitions and Dispositions - Schedule of         HTML     72K 
                Preliminary Allocation of Assets and Liabilities                 
                (Details)                                                        
78: R61         Income Taxes - Schedule of Provision for Income     HTML     64K 
                Taxes (Details)                                                  
79: R62         Income Taxes - Additional Information (Details)     HTML     71K 
80: R63         Income Taxes - Income Tax Reconciliation (Details)  HTML     75K 
81: R64         Income Taxes - Income Tax Reconciliation            HTML     65K 
                (Parenthetical) (Details)                                        
82: R65         Income Taxes - Deferred Income Taxes Temporary      HTML     67K 
                Differences (Details)                                            
83: R66         Income Taxes - Summary of Net Operating Loss        HTML     56K 
                Carryforwards (Details)                                          
84: R67         Income Taxes - Summary of Unrecognized Tax Benefit  HTML     52K 
                Activity (Details)                                               
85: R68         Net Earnings Per Share - Calculations of Net        HTML     74K 
                Earnings Per Share - Basic and Diluted (Details)                 
86: R69         Net Earnings Per Share - Additional Information     HTML     41K 
                (Details)                                                        
87: R70         Goodwill - Changes in Carrying Value of Goodwill    HTML     71K 
                by Reportable Segment (Details)                                  
88: R71         Goodwill - Changes in Carrying Value of Goodwill    HTML     85K 
                by Reportable Segment (Parenthetical) (Details)                  
89: R72         Goodwill - Schedule of Goodwill Balances by         HTML     61K 
                Reporting Unit (Details)                                         
90: R73         Debt - Schedule of Short-Term Borrowings (Details)  HTML     40K 
91: R74         Debt - Additional Information (Details)             HTML    101K 
92: R75         Debt - Summary of Long-Term Debt (Details)          HTML     47K 
93: R76         Debt - Summary of Long-Term Debt (Parenthetical)    HTML     42K 
                (Details)                                                        
94: R77         Retirement and Deferred Compensation Plans -        HTML    110K 
                Additional Information (Details)                                 
95: R78         Retirement and Deferred Compensation Plans -        HTML    129K 
                Reconciliation of Changes in Benefit Obligations                 
                and the Statement of Funded Status of Plan                       
                (Details)                                                        
96: R79         Retirement and Deferred Compensation Plans -        HTML     49K 
                Schedule of Amounts Recognized in Accumulated                    
                Other Comprehensive Loss, Net of Tax (Details)                   
97: R80         Retirement and Deferred Compensation Plans -        HTML     44K 
                Schedule of Plans with Accumulated Benefit                       
                Obligations in Excess of Fair Value of Plan Assets               
                (Details)                                                        
98: R81         Retirement and Deferred Compensation Plans -        HTML     42K 
                Schedule of Plans with Projected Benefit                         
                Obligation in Excess of Fair Value of Plan Assets                
                (Details)                                                        
99: R82         Retirement and Deferred Compensation Plans -        HTML     88K 
                Schedule of Components of Net Periodic Benefit                   
                Cost and Other Amounts Recognized in Other                       
                Comprehensive Loss (Income) (Details)                            
100: R83         Retirement and Deferred Compensation Plans -        HTML     64K  
                Schedule of Weighted-Average Assumptions Used in                 
                Measurement of Benefit Obligation and Net Periodic               
                Benefit Cost (Details)                                           
101: R84         Retirement and Deferred Compensation Plans -        HTML    178K  
                Schedule of Fair Value of Pension Plan Assets by                 
                Asset Category (Details)                                         
102: R85         Retirement and Deferred Compensation Plans -        HTML     52K  
                Schedule of Changes in Fair Value of Pension                     
                Assets Measured Using Level 3 Inputs (Details)                   
103: R86         Retirement and Deferred Compensation Plans -        HTML     56K  
                Schedule of Projected Benefit Payment Estimates                  
                (Details)                                                        
104: R87         Accumulated Other Comprehensive Loss - Components   HTML     62K  
                of Accumulated Other Comprehensive Loss, Net of                  
                Tax (Details)                                                    
105: R88         Accumulated Other Comprehensive Loss - Components   HTML     46K  
                of Accumulated Other Comprehensive Loss, Net of                  
                Tax (Parenthetical) (Details)                                    
106: R89         Interest and Other Expenses (Income), Net -         HTML     48K  
                Schedule of Interest and Other Expenses (Income),                
                Net (Details)                                                    
107: R90         Interest and Other Expenses (Income), Net -         HTML     41K  
                Schedule of Interest and Other Expenses (Income),                
                Net (Parenthetical) (Details)                                    
108: R91         Derivative Financial Instruments - Additional       HTML     58K  
                Information (Details)                                            
109: R92         Derivative Financial Instruments - Effect of Net    HTML     45K  
                Investment Hedges on OCI (Details)                               
110: R93         Derivative Financial Instruments - Impact of        HTML     47K  
                Changes in Fair Values of Derivatives Designated                 
                as Cash Flow Hedges on OCI, AOCL and Earnings                    
                (Details)                                                        
111: R94         Derivative Financial Instruments - Effect of        HTML     42K  
                Forward Contracts not Designated as Hedging                      
                Instrument (Details)                                             
112: R95         Derivative Financial Instruments - Fair Value of    HTML     59K  
                Derivative and Non-Derivative Assets and                         
                Liabilities on the Consolidated Balance Sheets                   
                (Details)                                                        
113: R96         Leases - Components of Lease Expense and Other      HTML     51K  
                Information (Details)                                            
114: R97         Leases - Supplemental Balance Sheet Information     HTML     46K  
                (Details)                                                        
115: R98         Leases - Weighted Average Remaining Lease Term and  HTML     43K  
                Discount Rate (Details)                                          
116: R99         Leases - Maturities of Operating Lease Liabilities  HTML     56K  
                (Details)                                                        
117: R100        Segment Data - Schedule of Segment Data (Details)   HTML    204K  
118: R101        Segment Data - Segment Information by Geographical  HTML     63K  
                Region (Details)                                                 
119: R102        Segment Data - Schedule of Segment Data             HTML     54K  
                (Parenthetical) (Details)                                        
120: R103        Contingencies - Additional Information (Details)    HTML     43K  
121: R104        Quarterly Data (Unaudited) (Details)                HTML     73K  
122: R105        Quarterly Data (Unaudited) (Parenthetical)          HTML    127K  
                (Details)                                                        
123: R106        Schedule II VALUATION AND QUALIFYING ACCOUNTS       HTML     49K  
                (Details)                                                        
125: XML         IDEA XML File -- Filing Summary                      XML    241K  
17: XML         XBRL Instance -- man-10k_20201231_htm                XML  11.39M 
124: EXCEL       IDEA Workbook of Financial Reports                  XLSX    190K  
13: EX-101.CAL  XBRL Calculations -- man-20201231_cal                XML    315K 
14: EX-101.DEF  XBRL Definitions -- man-20201231_def                 XML   1.38M 
15: EX-101.LAB  XBRL Labels -- man-20201231_lab                      XML   2.31M 
16: EX-101.PRE  XBRL Presentations -- man-20201231_pre               XML   2.01M 
12: EX-101.SCH  XBRL Schema -- man-20201231                          XSD    307K 
126: JSON        XBRL Instance as JSON Data -- MetaLinks              653±  1.06M  
127: ZIP         XBRL Zipped Folder -- 0001564590-21-006974-xbrl      Zip    512K  


‘EX-4.3’   —   Instrument Defining the Rights of Security Holders


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 4.3

 

ManpowerGroup Inc.

 

Description of Securities Registered Pursuant to
Section 12 of the Securities Exchange Act of 1934

 

As of December 31, 2020, ManpowerGroup Inc. (“ManpowerGroup,” “we,” “our,” “us”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: common stock, $.01 par value, authorized 125,000,000 shares, issued 117,555,991 shares (the “Common Stock”).  The following is a summary of the material terms and rights of our Common Stock and the provisions of our Amended and Restated Articles of Incorporation (the “Articles”) and our Amended and Restated By-laws (the By-laws), each of which is incorporated by reference as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2020, of which this exhibit is a part. The summary is not complete and you should refer to the applicable provisions of our Articles and By-laws.

 

Our Articles authorize us to issue up to 25,000,000 shares of preferred stock, $.01 par value.  As of December 31, 2020, we have not issued any shares of preferred stock.

 

Dividend Rights

 

The holders of our Common Stock shall be entitled to receive such dividends as may be declared thereon from time to time by the Board of Directors, in its discretion, out of any funds of ManpowerGroup at the time legally available for payment of dividends on Common Stock.  

 

If we were to issue preferred stock, any dividends in connection with such preferred stock shall be paid or declared and set apart for payment for each dividend period before any dividend (other than a dividend payable solely in Common Stock) for the same period shall be paid upon or set apart for payment on the Common Stock, and, if dividends on the preferred stock shall be cumulative or partially cumulative, all unpaid dividends thereon for any past dividend period shall be fully paid or declared and set apart for payment, but without interest, before any dividend (other than a dividend payable solely in Common Stock) shall be paid upon or set apart for payment in the Common Stock.

 

Voting Rights

 

Except as otherwise provided by law and except as may be determined by the Board of Directors with respect to shares of preferred stock as provided in our Articles, only the holders of shares of Common Stock shall be entitled to vote for the election of directors of ManpowerGroup and for all other corporate purposes. Except as otherwise provided by law, upon any such vote, each holder of Common Stock shall be entitled to one vote for each share of Common Stock held of record by such shareholder.  Our Articles do not provide for cumulative voting.  Further, our Board of Directors does not have a classified structure.  

 

Pursuant to our By-laws if a quorum exists, generally, action on a matter by a voting group is approved if the votes cast within the voting group favoring the action exceed the votes

 


 

cast opposing the action, unless our Articles, By-laws, or the Wisconsin business corporation law require a greater number of affirmative votes.  For the election of directors, in a non-contested election, directors shall be elected by a majority of the votes cast by holders of shares of our Common Stock entitled to vote in the election at a shareholders meeting at which a quorum is present.  In a contested election, directors shall be elected by a plurality of the votes cast by holders of shares of our Common Stock entitled to vote in the election at a shareholders meeting at which a quorum is present.  

 

Liquidation Rights

 

In the event of a voluntary or involuntary dissolution, liquidation or winding up of ManpowerGroup, after there have been paid to or set aside for any holders of shares of preferred stock the full preferential amounts to which they are entitled as provided in our Articles, the holders of outstanding shares of Common Stock shall be entitled to share ratably, according to the number of shares held by each, in the remaining assets of ManpowerGroup available for distribution.

 

Listing

 

Our Common Stock is listed for trading on the New York Stock Exchange under the symbol “MAN.”

 

Miscellaneous

 

There are no conversion rights or redemption or sinking fund provisions for our Common Stock.  The holders of our Common Stock also do not have preemptive rights to purchase or subscribe for any stock or other securities.

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/19/21
For Period end:12/31/204,  5
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/24  ManpowerGroup Inc.                10-K       12/31/23  123:25M                                    Donnelley … Solutions/FA
 2/17/23  ManpowerGroup Inc.                10-K       12/31/22  127:35M                                    Donnelley … Solutions/FA
 2/18/22  ManpowerGroup Inc.                10-K       12/31/21  125:32M                                    Donnelley … Solutions/FA


23 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/29/20  ManpowerGroup Inc.                S-8         5/29/20    5:261K                                   Godfrey & Kahn SC/FA
 5/08/20  ManpowerGroup Inc.                10-Q        3/31/20   89:11M                                    ActiveDisclosure/FA
 4/17/20  ManpowerGroup Inc.                8-K:5,9     4/16/20   11:163K                                   ActiveDisclosure/FA
 2/21/20  ManpowerGroup Inc.                10-K       12/31/19  129:34M                                    ActiveDisclosure/FA
 2/14/20  ManpowerGroup Inc.                8-K:5,9     2/14/20   11:314K                                   ActiveDisclosure/FA
 5/10/19  ManpowerGroup Inc.                10-Q        3/31/19   80:6.7M
 2/22/19  ManpowerGroup Inc.                10-K       12/31/18  124:17M
12/12/18  ManpowerGroup Inc.                8-K:5,9    12/12/18    2:131K
 6/22/18  ManpowerGroup Inc.                8-K:1,2,9   6/18/18    3:807K                                   Godfrey & Kahn SC/FA
 5/04/18  ManpowerGroup Inc.                10-Q        3/31/18   69:5.4M
 2/20/18  ManpowerGroup Inc.                8-K:5,9     2/15/18    2:98K
12/12/17  ManpowerGroup Inc.                8-K:5,9    12/11/17    2:128K
 5/06/16  ManpowerGroup Inc.                10-Q        3/31/16   65:4.9M
 2/03/16  ManpowerGroup Inc.                8-K:5,9     1/28/16    3:109K
 9/17/15  ManpowerGroup Inc.                8-K:1,2,9   9/11/15    3:1.1M
 4/30/14  ManpowerGroup Inc.                10-Q        3/31/14   66:5.9M
 8/02/13  ManpowerGroup Inc.                10-Q        6/30/13  105:9M
 5/03/12  ManpowerGroup Inc.                10-Q        3/31/12   63:6.5M
 2/24/11  ManpowerGroup Inc.                10-K       12/31/10   45:8.3M
 4/29/10  ManpowerGroup Inc.                10-Q        3/31/10    8:1M
 9/04/09  ManpowerGroup Inc.                S-8         9/04/09    5:403K                                   Godfrey & Kahn SC/FA
11/06/06  ManpowerGroup Inc.                8-K:1,8,9  10/31/06    4:228K                                   Donnelley … Solutions/FA
 3/15/05  ManpowerGroup Inc.                DEF 14A     4/26/05    1:595K                                   Donnelley … Solutions/FA
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