Alight reports Q2 revenue down 4.1% to $538M, CEO Scholl to step down, H2 outlook issued

Alight, Inc. / Delaware

Q2 cont ops rev $538M (-4.1% YoY); BPaaS rev $115M (+12.7%); recurring rev 91.6% of total.
Net loss from cont ops $4M (vs $72M loss); adj diluted EPS $0.05 (vs $0.11).
CEO Stephan Scholl to step down after successor named; Board appoints Dave Guilmette as Vice Chair.
Repurchased $80M of common stock; H2 2024 outlook: rev $1.207-1.232B, adj EBITDA $326-351M.
New wins with UPS, Wayfair, American Honda, Adecco; cloud migration completed, data center decommissioned.

item 2.02 item 5.02 item 9.01

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Departed

Stephan D. Scholl

Chief Executive Officer

ALIT · Alight, Inc. / Delaware

Filed: August 6, 2024, 7:59 PM ET

The Company announced on August 6, 2024 that Stephan D. Scholl will step down as the Company’s Chief Executive Officer (“CEO”) and as a director on the Company’s board of directors (the “Board”), effective after the Board names a successor.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stephan D. Scholl departed as Chief Executive Officer at Alight, Inc. / Delaware.

Action: step down
Role: Chief Executive Officer

Exact text from the filing

The Company announced on August 6, 2024 that Stephan D. Scholl will step down as the Company’s Chief Executive Officer (“CEO”) and as a director on the Company’s board of directors (the “Board”), effective after the Board names a successor.

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Alight, Inc. / Delaware filing history →

Source: SEC EDGAR

accession 0001809104-24-000010

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