---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-084440"
form_type: "8-K"
ticker: "ALIT"
cik: "0001809104"
company_name: "Alight, Inc. / Delaware"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:47:54.970508+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Alight closes $1.2B sale of Payroll & Professional Services to H.I.G. Capital

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-084440
- form_type: 8-K
- ticker: ALIT
- cik: 0001809104
- company_name: Alight, Inc. / Delaware
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1809104/000095017024084440/0000950170-24-084440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1809104/000095017024084440/alit-20240712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-084440
- JSON: https://secwatch.observer/filing/0000950170-24-084440.json
- Plain text: https://secwatch.observer/filing/0000950170-24-084440.txt

## Key facts
- Executive change
  Katie J. Rooney departed as Chief Operating Officer at Alight, Inc. / Delaware.
  - Action: departed
  - Role: Chief Operating Officer
  source text: Ms. Rooney has departed from the Company, effective as of July 12, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1809104/000095017024084440/0000950170-24-084440-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.