home · filing · 0000950170-24-084440
8-K filed July 18, 2024, 7:59 PM ET
ticker ALIT
CIK 0001809104
M&A
confidence high
sentiment positive
materiality 0.90
Alight closes $1.2B sale of Payroll & Professional Services to H.I.G. Capital
Alight, Inc. / Delaware
Up to $1.2B total: $1B cash at close, $50M seller note, up to $150M contingent note tied to 2025 targets.
Net proceeds primarily to reduce debt, targeting pro forma net leverage below 3x.
COO Katie Rooney departed July 12; entitlement to post-employment payments per agreement.
Special cash awards: CFO Heaton $750k, CLO Felli $750k, President Goff $800k for transaction efforts.
Q2 continuing business revenue/EBITDA expected in-line; divested business slightly below expectations.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2024-07-12
Filed July 18, 2024, 7:59 PM ET
Ms. Rooney has departed from the Company, effective as of July 12, 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Katie J. Rooney departed as Chief Operating Officer at Alight, Inc. / Delaware.
Action departed
Role Chief Operating Officer
Exact text from the filing
Ms. Rooney has departed from the Company, effective as of July 12, 2024.
View on SEC.gov
Source: SEC EDGAR
accession 0000950170-24-084440
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