secwatch / observer
8-K filed May 8, 2024, 7:59 PM ET ticker ALIT CIK 0001809104
earnings confidence high sentiment neutral materiality 0.70

Alight Q1 continuing ops rev $559M (-4.6% YoY); BPaaS +21%; net loss $121M; CFO transition

Alight, Inc. / Delaware

2024-Q1 EPS reported -$0.21 revenue$559,000,000

Executive movements

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

Appointed

Jeremy J. Heaton

Chief Financial Officer
ALIT · Alight, Inc. / Delaware
Effective
2024-05-08
Filed
May 8, 2024, 7:59 PM ET
Concurrently with Ms. Rooney’s transition, the Company announced that Jeremy J. Heaton has been appointed as its Chief Financial Officer.
Role change

Katie J. Rooney

Global Chief Financial Officer
ALIT · Alight, Inc. / Delaware
Effective
2024-05-08
Successor
Jeremy J. Heaton
Filed
May 8, 2024, 7:59 PM ET
Katie J. Rooney, who has served as Global Chief Financial Officer and Chief Operating Officer since August 2023 and as Chief Financial Officer of Alight since May 2017, is stepping down from the role of Global Chief Financial Officer as of the end of the day on May 8, 2024 (the “Effective Date”).
Appointed

Gregory R. Goff

President
ALIT · Alight, Inc. / Delaware
Effective
2024-05-08
Filed
May 8, 2024, 7:59 PM ET
On May 8, 2024, the Company announced that Gregory R. Goff has been appointed to the role of President, with continued oversight of product, technology and delivery.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alight, Inc. / Delaware reported first quarter ended March 31, 2024 results: revenue $559 million, EPS $(0.22).

Period
first quarter ended March 31, 2024
Revenue
$559 million
EPS
$(0.22)
Result
reported results
Exact text from the filing
First Quarter 2024 Continuing Operations Highlights (all comparisons are relative to first quarter 2023) • Revenue decreased 4.6% to $559 million • Business Process as a Service (BPaaS) revenue grew 20.6% to $117 million, representing 20.9% of total revenue • Gross profit of $182 million and gross profit margin of 32.6%, compared to $187 million and 31.9% in the prior year period, respectively, and adjusted gross profit of $208 million and adjusted gross profit margin of 37.2%, compared to $211 million and 36.0%, in the prior year period, respectively • Net loss increased by $37 million over the prior year period to $121 million driven primarily by a $43 million increase in non-cash charges • Adjusted EBITDA increased by $4 million over the prior year period to $116 million • Diluted earnings (loss) per share of $(0.22) compared to $(0.16) in the prior year period, and adjusted diluted e
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy J. Heaton was appointed as Chief Financial Officer at Alight, Inc. / Delaware.

Action
appointed
Role
Chief Financial Officer
Exact text from the filing
Concurrently with Ms. Rooney’s transition, the Company announced that Jeremy J. Heaton has been appointed as its Chief Financial Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Katie J. Rooney changed role as Global Chief Financial Officer at Alight, Inc. / Delaware.

Action
stepping down
Role
Global Chief Financial Officer
Exact text from the filing
Katie J. Rooney, who has served as Global Chief Financial Officer and Chief Operating Officer since August 2023 and as Chief Financial Officer of Alight since May 2017, is stepping down from the role of Global Chief Financial Officer as of the end of the day on May 8, 2024 (the “Effective Date”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory R. Goff was appointed as President at Alight, Inc. / Delaware.

Action
appointed
Role
President
Exact text from the filing
On May 8, 2024, the Company announced that Gregory R. Goff has been appointed to the role of President, with continued oversight of product, technology and delivery.
View on SEC.gov

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Alight, Inc. / Delaware filing history →

Source: SEC EDGAR
accession 0000950170-24-055077
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