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Performance Graph
−Removed: We have presented below a graph comparing the cumulative total stockholder return of the Company’s shares with the cumulative total stockholder return on (1) the Standard & Poor’s 500 Stock Index and (2) the company-established peer group.
+Added: We have presented below a graph comparing the cumulative total stockholder return of the Company’s shares with the cumulative total stockholder return on (1) the Standard & Poor’s 500 Stock Index and (2) the company-established peer groups for both 2024 and 2025.
Cumulative total return for each of the periods shown in the performance graph is measured assuming an initial investment of $100 on April 30, 2020 and the reinvestment of any dividends paid by the Company and any company in the peer group on the date the dividends were paid.
−Removed: Our peer group is comprised of a broad number of publicly traded companies, which are principally or in significant part involved in professional services.
+Added: In fiscal 2025, we established a new peer group comprised of a broad number of publicly traded companies, which are principally or in significant part involved in professional services.
The peer group is comprised of the following 14 companies:
−Removed: (ASGN), Cushman & Wakefield Plc.
+Added: (ASGN), CoStar Group, Inc.
+Added: (CSGP), Cushman & Wakefield Plc.
(CWK), FTI Consulting Inc.
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(MAN), PageGroup Plc.
−Removed: (MPGPF) and Robert Half International Inc.
+Added: (MPGPF), Robert Half International Inc.
+Added: (RHI), TriNet Group, Inc.
+Added: (TNET) and Verisk Analytics, Inc.
We believe this group of professional services firms is reflective of similar sized companies in terms of our market capitalization, with significant global exposure that mirrors our global footprint and therefore provides a meaningful comparison of stock performance.
The returns of each company have been weighted according to their respective stock market capitalization at the beginning of each measurement period for the purpose of arriving at a peer group average.
+Added: The 2024 peer group, presented for comparative purposes, consisted of the following 11 companies:
+Added: (ASGN), Cushman & Wakefield Plc.
+Added: (CWK), FTI Consulting Inc.
+Added: (FCN), Heidrick & Struggles International Inc.
+Added: (HSII), Huron Consulting Group Inc.
+Added: (HURN), ICF International Inc.
+Added: (ICFI), Insperity Inc.
+Added: (NSP), Jones Lang Lasalle Inc.
+Added: (JLL), ManpowerGroup Inc.
+Added: (MAN), PageGroup Plc.
+Added: (MPGPF) and Robert Half International Inc.
The stock price performance depicted in this graph is not necessarily indicative of future price performance.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN (*)
−Removed: Among Korn Ferry, the S&P 500 Index, and a Peer Group
+Added: Among Korn Ferry, the S&P 500 Index, 2024 Peer Group and 2025 Peer Group
Copyright© 2025 Standard & Poor's, a division of S&P Global.
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The Company’s long-term priority is to invest in growth initiatives, such as the hiring of consultants, the continued development of IP and derivative products and services, and the investment in synergistic, accretive M&A transactions that are expected to earn a return superior to the Company's cost of capital.
−Removed: Next, the Company’s capital allocation approach contemplates the return of a
−Removed: portion of excess capital to stockholders, in the form of a regular quarterly dividend, subject to the factors discussed below under “Dividends” and in more detail in the “Risk Factors” section of this Annual Report on Form 10-K.
+Added: Next, the Company’s capital allocation approach contemplates the return of a portion of excess capital to stockholders, in the form of a regular quarterly dividend, subject to the factors discussed below under “Dividends” and in more detail in the “Risk Factors” section of this Annual Report on Form 10-K.
Additionally, the Company considers share repurchases on an opportunistic basis and subject to the terms of our indebtedness, as well as using excess cash to repay the Notes.
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On December 5, 2023, the Board of Directors approved an increase of 83% in the quarterly dividend, which increased the quarterly dividend to $0.33 per share.
−Removed: On June 12, 2024, the Board of Directors approved an increase in our quarterly dividend, which increased the quarterly dividend to $0.37 per share.
+Added: On June 12, 2024 and March 10, 2025, the Board of Directors approved an increase in our quarterly dividend, which increased the quarterly dividend to $0.37 per share and $0.48 per share, respectively.
The declaration and payment of future dividends under the quarterly dividend policy will be at the discretion of the Board of Directors and will depend upon many factors, including the Company’s earnings, capital requirements, financial conditions, the terms of the Company’s indebtedness and other factors that the Board of Directors may deem to be relevant.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.