secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001809104-24-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000180910424000010/0001809104-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000180910424000010/alit-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001809104-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer