Two Alight directors resign; Blackstone-affiliated funds exit investor rights agreement

Alight, Inc. / Delaware

David N. Kestnbaum and Peter F. Wallace stepped down from Alight board effective September 1, 2023, with no disagreement.
Peter F. Wallace also resigned from the Compensation Committee.
Blackstone-affiliated funds irrevocably withdrew from the Investor Rights Agreement dated July 2, 2021.
Blackstone Investors also discontinued Rule 144 coordination rights under the Registration Rights Agreement.
Both directors were Class III members; no replacement was announced.

item 5.02 item 7.01

Executive movements

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Departed

Peter F. Wallace

member of the Board

ALIT · Alight, Inc. / Delaware

Effective: 2023-09-01
Filed: September 5, 2023, 7:59 PM ET

Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.

Departed

David N. Kestnbaum

member of the Board

ALIT · Alight, Inc. / Delaware

Effective: 2023-09-01
Filed: September 5, 2023, 7:59 PM ET

Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter F. Wallace departed as member of the Board at Alight, Inc. / Delaware.

Action: stepped down
Role: member of the Board

Exact text from the filing

Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David N. Kestnbaum departed as member of the Board at Alight, Inc. / Delaware.

Action: stepped down
Role: member of the Board

Exact text from the filing

Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.

View on SEC.gov

Alight, Inc. / Delaware filing history →

Source: SEC EDGAR

accession 0000950170-23-046171

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