secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000950170-24-115427
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alight extends CEO David Guilmette's term to Dec 31, 2027; severance multiple increases to 2x after 2025
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- CEO term extended from Aug 19, 2025 to Dec 31, 2027 with automatic one-year renewals unless 90-day notice given.
- Severance multiple is 1x if termination without Cause or for Good Reason occurs on or before Dec 31, 2025; 2x if on or after Jan 1, 2026.
- Base salary remains $870,000; target annual bonus is 200% of base salary.
- CEO will continue to serve as member of the Board and be nominated for re-election.
- In a qualifying termination, severance includes lump sum of Severance Multiple × (base salary + target bonus), pro-rata bonus, and 12 months COBRA subsidy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000095017024115427/0000950170-24-115427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000095017024115427/alit-20241017.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115427

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