Alight appoints two independent directors, enters cooperation deal with Starboard (7.2% stake)

Alight, Inc. / Delaware

Board expanded to 11; Dave Guilmette (former Aon exec) and Coretha Rushing (former Equifax CHRO) appointed.
Starboard withdraws director nominations for 2024 annual meeting; agrees to standstill and vote with Board.
Board and Starboard to seek additional independent director with benefits-administration experience.
Investor day to be held after close of sale of Professional Services and HCM/Payroll Outsourcing businesses.
Starboard reimbursed up to $625,000 for expenses related to the agreement.

item 1.01 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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

Appointed

Coretha Rushing

director

ALIT · Alight, Inc. / Delaware

Effective: 2024-05-05
Filed: May 6, 2024, 7:59 PM ET

On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.

Appointed

Dave Guilmette

director

ALIT · Alight, Inc. / Delaware

Effective: 2024-05-05
Filed: May 6, 2024, 7:59 PM ET

On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Coretha Rushing was appointed as director at Alight, Inc. / Delaware.

Action: appointed
Role: director

Exact text from the filing

On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dave Guilmette was appointed as director at Alight, Inc. / Delaware.

Action: appointed
Role: director

Exact text from the filing

On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Alight, Inc. / Delaware entered into Cooperation Agreement with Starboard Value and Opportunity Master Fund, Ltd. valued at Board appointments, standstill restrictions, expense reimbursement up to $625,000 (effective 2024-05-06).

Action: entry
Counterparty: Starboard Value and Opportunity Master Fund, Ltd.
Value: Board appointments, standstill restrictions, expense reimbursement up to $625,000
Effective: 2024-05-06

Exact text from the filing

On May 6, 2024, Alight, Inc., a Delaware corporation (the “Company”), announced its entry into a cooperation agreement (the “Cooperation Agreement”) with Starboard Value and Opportunity Master Fund, Ltd. (together with its affiliates, “Starboard”).

View on SEC.gov

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

Alight, Inc. / Delaware filing history →

Source: SEC EDGAR

accession 0000950170-24-053214

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.