Alight expands board, appoints Denise Williams as director; President & CCO Cathinka Wahlstrom departs

Alight, Inc. / Delaware

Board size increased from 8 to 10 directors; two new seats added via First Amendment to Investor Rights Agreement.
Denise Williams (CPO at FIS) elected to Board effective Feb 3, 2023, as an independent director.
President & CCO Cathinka Wahlstrom departed Jan 31, 2023; receives $700,000 bonus, equity vesting through Mar 31, 2023.
Wahlstrom to serve as consultant through Mar 31, 2023 at $2,500/day (max 1 day/week) with advisory role.
Company intends to further expand independent board representation in coming quarters.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Denise Williams

Director

ALIT · Alight, Inc. / Delaware

Effective: 2023-02-03
Filed: February 2, 2023, 6:59 PM ET

the Board elected Denise Williams to the Board on February 2, 2023, effective February 3, 2023.

Departed

Cathinka Wahlstrom

President and Chief Commercial Officer

ALIT · Alight, Inc. / Delaware

Effective: 2023-01-31
Filed: February 2, 2023, 6:59 PM ET

Cathinka Wahlstrom, President and Chief Commercial Officer of Alight, and the Company mutually agreed that Ms. Wahlstrom would depart the Company effective January 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Denise Williams was elected as Director at Alight, Inc. / Delaware.

Action: elected
Role: Director

Exact text from the filing

the Board elected Denise Williams to the Board on February 2, 2023, effective February 3, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cathinka Wahlstrom departed as President and Chief Commercial Officer at Alight, Inc. / Delaware.

Action: departed
Role: President and Chief Commercial Officer

Exact text from the filing

Cathinka Wahlstrom, President and Chief Commercial Officer of Alight, and the Company mutually agreed that Ms. Wahlstrom would depart the Company effective January 31, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alight, Inc. / Delaware amended First Amendment to the Investors Rights Agreement with Existing Investors and the Sponsor Investors (effective 2023-02-02).

Action: amendment
Counterparty: Existing Investors and the Sponsor Investors
Effective: 2023-02-02

Exact text from the filing

On February 2, 2023, Alight, Inc. (the “Company” or “Alight”) entered into an amendment (the “First Amendment to the Investors Rights Agreement”) to the Investor Rights Agreement, dated as of July 2, 2021, by and among the Company, the Existing Investors and the Sponsor Investors (as such terms are defined in the Investor Rights Agreement) as of the date thereof

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

Alight, Inc. / Delaware filing history →

Source: SEC EDGAR

accession 0000950170-23-001709

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