Alight, Inc. / Delaware — fact timeline

Alight, Inc. / Delaware shareholders approved Approval of a series of four alternate amendments to the Alight Charter to authorize the Board to effect reverse stock splits of the outstanding shares of common stock at ratios of 1-for-10, 1-for-20, 1-for-30 and 1-for-40 and corresponding decreases in authorized shares at the 2026-06-10 meeting.

“Proposal No. 6 – Approval of a series of four alternate amendments to the Alight Charter to authorize the Board to effect reverse stock splits of the outstanding shares of common stock at ratios of 1-for-10, 1-for-20, 1-for-30 and 1-for-40 and corresponding decreases in authorized shares: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Approval of an amendment to the Alight Charter to provide for the elimination of certain officers’ personal liability for monetary damages stemming from breaches of the duty of care as permitted by Section 102(b)(7) of the General Corporation Law of the State of Delaware at the 2026-06-10 meeting.

“Proposal No. 5 – Approval of an amendment to the Alight Charter to provide for the elimination of certain officers’ personal liability for monetary damages stemming from breaches of the duty of care as permitted by Section 102(b)(7) of the General Corporation Law of the State of Delaware: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Approval of an amendment to the Company’s Certificate of Incorporation (the “Alight Charter”) to declassify the Company’s Board of Directors (the “Board”) at the 2026-06-10 meeting.

“Proposal No. 4 – Approval of an amendment to the Company’s Certificate of Incorporation (the “Alight Charter”) to declassify the Company’s Board of Directors (the “Board”): The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Approval, on an advisory (non-binding) basis, of the 2025 compensation paid to the Company’s named executive officers at the 2026-06-10 meeting.

“Proposal No. 3 - Approval, on an advisory (non-binding) basis, of the 2025 compensation paid to the Company’s named executive officers: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Ratification of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-06-10 meeting.

“Proposal No. 2 - Ratification of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Election of Class II directors at the 2026-06-10 meeting.

“Proposal No. 1 - Election of directors: Each of the Class II directors listed below were elected to serve terms expiring at the 2029 Annual Meeting of Stockholders of the Company and until his successor has been duly elected and qualified, except in the case of such director's earlier death, resignation, retirement, disqualification, removal or incapacity.”

Stephen A. Lasher was appointed as Chief Financial Officer at Alight, Inc. / Delaware.

“On June 3, 2026 , the Board of Directors (the “Board”) of Alight, Inc. (the “Company” or “Alight”) appointed Stephen A. Lasher to serve as the Company’s Chief Financial Officer, effective as of June 15, 2026 (the “Effective Date”).”

Alight, Inc. / Delaware reported first quarter ended March 31, 2026 results: revenue $534 million, net income $(19) million.

“Alight Reports First Quarter 2026 Results – Revenue of $534 million – – Cash provided by operating activities of $79 million; free cash flow of $53 million –”

Susan D. Davies was appointed as Interim Chief Financial Officer at Alight, Inc. / Delaware.

“on April 30, 2026, the Company’s Board of Directors appointed Susan D. Davies, who currently serves as the Company’s Chief Accounting Officer and Global Controller, to serve as Interim Chief Financial Officer, effective as of May 8, 2026”

Gregory P. Giometti departed as Interim Chief Financial Officer at Alight, Inc. / Delaware.

“On February 27, 2026, the Company announced that Gregory P. Giometti, the Company’s Interim Chief Financial Officer, would depart the Company on May 8, 2026”

Alight, Inc. / Delaware received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“March 24, 2026 , Alight, Inc. (the “Company” or “Alight”) received a written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”), as the average closing price of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), was less than $1.00 per share over a consecutive 30 trading-day period ending March 20, 2026. The Notice does not affect the Company’s ongoing business operations or its U.S. Securities”

Alight, Inc. / Delaware amended revolving credit of $330.0 million with Bank of America, N.A. at SOFR plus an applicable rate between 1.75% and 2.25% per annum maturing May 31, 2030.

“The Amendment establishes a new incremental revolving credit facility, increasing revolving credit commitments by $30.0 million to an aggregate principal amount of $330.0 million (the “2025 Incremental Revolving Credit Facility”).”

Alight, Inc. / Delaware announced a restructuring with charges of approximately $65 million in pre-tax restructuring costs affecting post-divestiture operations.

“expanding our use of artificial intelligence and automation and continued optimization of real estate. The Company currently expects to record in the aggregate approximately $65 million in pre-tax restructuring costs over the duration of the PSP, which includes primarily cash severance payments with an estimated range of $20 million to $30 million and other”

Robert A. Schriesheim was appointed as Director at Alight, Inc. / Delaware.

“the Board increased the size of the Board from ten (10) directors to eleven (11) and appointed (i) Mr. Russell P. Fradin as a director and the Chair of the Board and (ii) Mr. Michael E. Hayes, Mr. Robert A. Lopes, Jr. and Mr. Robert A. Schriesheim as directors, in each case effective as of the Effective Date.”

Robert A. Lopes Jr. was appointed as Director at Alight, Inc. / Delaware.

“the Board increased the size of the Board from ten (10) directors to eleven (11) and appointed (i) Mr. Russell P. Fradin as a director and the Chair of the Board and (ii) Mr. Michael E. Hayes, Mr. Robert A. Lopes, Jr. and Mr. Robert A. Schriesheim as directors, in each case effective as of the Effective Date.”

Michael E. Hayes was appointed as Director at Alight, Inc. / Delaware.

“the Board increased the size of the Board from ten (10) directors to eleven (11) and appointed (i) Mr. Russell P. Fradin as a director and the Chair of the Board and (ii) Mr. Michael E. Hayes, Mr. Robert A. Lopes, Jr. and Mr. Robert A. Schriesheim as directors, in each case effective as of the Effective Date.”

Russell P. Fradin was appointed as Chair of the Board at Alight, Inc. / Delaware.

“the Board increased the size of the Board from ten (10) directors to eleven (11) and appointed (i) Mr. Russell P. Fradin as a director and the Chair of the Board and (ii) Mr. Michael E. Hayes, Mr. Robert A. Lopes, Jr. and Mr. Robert A. Schriesheim as directors, in each case effective as of the Effective Date.”

Regina M. Paolillo departed as Director at Alight, Inc. / Delaware.

“Mr. Daniel S. Henson, Ms. Erika Meinhardt and Ms. Regina M. Paolillo notified the board of directors (the “Board”) of Alight, Inc. (the “Company” or “Alight”) of their decision to step down, effective March 1, 2025.”

Erika Meinhardt departed as Director at Alight, Inc. / Delaware.

“Mr. Daniel S. Henson, Ms. Erika Meinhardt and Ms. Regina M. Paolillo notified the board of directors (the “Board”) of Alight, Inc. (the “Company” or “Alight”) of their decision to step down, effective March 1, 2025.”

Daniel S. Henson departed as Director at Alight, Inc. / Delaware.

“Mr. Daniel S. Henson, Ms. Erika Meinhardt and Ms. Regina M. Paolillo notified the board of directors (the “Board”) of Alight, Inc. (the “Company” or “Alight”) of their decision to step down, effective March 1, 2025.”

Stephan D. Scholl departed as Member of the Board at Alight, Inc. / Delaware.

“Departure of Stephan D. Scholl as Chief Executive Officer and as a Member of the Board”

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

“Mr. Scholl stepped down as the Company's Chief Executive Officer as of the Effective Date.”

David D. Guilmette was appointed as Chief Executive Officer at Alight, Inc. / Delaware.

“its Board appointed David D. Guilmette to serve as the Company’s Chief Executive Officer”

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

“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.”

Alight, Inc. / Delaware completed a disposition involving Axiom Buyer, LLC, an affiliate of H.I.G. Capital, L.L.C. for $1.2 billion, in the form of upfront gross proceeds of $1 billion in cash and up to $200 million in seller notes (closed 2024-07-12).

“The sale of the Payroll & Professional Services business, which will operate as an independent business and has been renamed Strada, includes a transaction value of up to $1.2 billion, in the form of upfront gross proceeds of $1 billion in cash and up to $200 million in seller notes, of which $150 million is contingent upon Strada reaching certain 2025”

Katie J. Rooney departed as Chief Operating Officer at Alight, Inc. / Delaware.

“Ms. Rooney has departed from the Company, effective as of July 12, 2024.”

David D. Guilmette was elected as director at Alight, Inc. / Delaware.

“the Board of Directors (the “Board”) of the Company had elected Coretha M. Rushing and David D. Guilmette to the Board, effective as of May 5, 2024.”

Coretha M. Rushing was elected as director at Alight, Inc. / Delaware.

“the Board of Directors (the “Board”) of the Company had elected Coretha M. Rushing and David D. Guilmette to the Board, effective as of May 5, 2024.”

Alight, Inc. / Delaware reported first quarter ended March 31, 2024 results: revenue $559 million, EPS $(0.22).

“First Quarter 2024 Continuing Operations Highlights (all comparisons are relative to first quarter 2023) • Revenue decreased 4.6% to $559 million • Business Process as a Service (BPaaS) revenue grew 20.6% to $117 million, representing 20.9% of total revenue • Gross profit of $182 million and gross profit margin of 32.6%, compared to $187 million and 31.9% in the prior year period, respectively, and adjusted gross profit of $208 million and adjusted gross profit margin of 37.2%, compared to $211 million and 36.0%, in the prior year period, respectively • Net loss increased by $37 million over the prior year period to $121 million driven primarily by a $43 million increase in non-cash charges • Adjusted EBITDA increased by $4 million over the prior year period to $116 million • Diluted earnings (loss) per share of $(0.22) compared to $(0.16) in the prior year period, and adjusted diluted e”

Gregory R. Goff was appointed as President at Alight, Inc. / Delaware.

“On May 8, 2024, the Company announced that Gregory R. Goff has been appointed to the role of President, with continued oversight of product, technology and delivery.”

Jeremy J. Heaton was appointed as Chief Financial Officer at Alight, Inc. / Delaware.

“Concurrently with Ms. Rooney’s transition, the Company announced that Jeremy J. Heaton has been appointed as its Chief Financial Officer.”

Katie J. Rooney changed role as Global Chief Financial Officer at Alight, Inc. / Delaware.

“Katie J. Rooney, who has served as Global Chief Financial Officer and Chief Operating Officer since August 2023 and as Chief Financial Officer of Alight since May 2017, is stepping down from the role of Global Chief Financial Officer as of the end of the day on May 8, 2024 (the “Effective Date”).”

Alight, Inc. / Delaware entered into Cooperation Agreement with Starboard Value and Opportunity Master Fund, Ltd. valued at Board appointments, standstill restrictions, expense reimbursement up to $625,000 (effective 2024-05-06).

“On May 6, 2024, Alight, Inc., a Delaware corporation (the “Company”), announced its entry into a cooperation agreement (the “Cooperation Agreement”) with Starboard Value and Opportunity Master Fund, Ltd. (together with its affiliates, “Starboard”).”

Coretha Rushing was appointed as director at Alight, Inc. / Delaware.

“On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.”

Dave Guilmette was appointed as director at Alight, Inc. / Delaware.

“On May 5, 2024, the Board increased the size of the Board from nine (9) to eleven (11) directors and appointed Dave Guilmette and Coretha Rushing to the Board, effective immediately.”

Alight, Inc. / Delaware entered into Stock and Asset Purchase Agreement with Axiom Buyer, LLC, a newly-formed entity and an affiliate of H.I.G. Capital, L.L.C. valued at up to approximately $1.2 billion (effective 2024-03-20).

“On March 20, 2024, Alight, Inc. (together with its subsidiaries, the “Company” or “Alight”) and Tempo Acquisition LLC, a subsidiary of the Company (“Seller”), entered into a Stock and Asset Purchase Agreement (the “Purchase Agreement”), pursuant to which Seller has agreed to sell Alight’s Professional Services segment and Alight’s Payroll & HCM Outsourcing businesses within the Employer Solutions segment (collectively, the “Divested Business” or “Payroll and Professional Services”) to Axiom Buyer, LLC, a newly-formed entity and an affiliate of H.I.G. Capital, L.L.C. (“Purchaser”), for a purchase price of up to approximately $1.2 billion (the “Purchase Price”), plus the assumption by Purchaser of certain liabilities of the Divested Business as specified in the Purchase Agreement (collectively, the “Transaction”).”

Alight, Inc. / Delaware reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

“Item 2.02 Results of Operations and Financial Condition. On February 21, 2024, Alight, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.”

Siobhan Nolan Mangini was appointed as Director at Alight, Inc. / Delaware.

“On December 7, 2023, the Board of Directors (the “Board”) of Alight, Inc. (the “Company”) appointed Siobhan Nolan Mangini to the Board, effective as of January 1, 2024.”

Alight, Inc. / Delaware reported the third quarter ended September 30, 2023 results: revenue $813 million, net income Net loss of $46 million. Guidance raised.

“revenue increased 8.4% over the prior year period to $813 million”

Alight, Inc. / Delaware amended term loan of $2,507,387,234.32 with syndicate of lenders at SOFR + 2.75% maturing August 31, 2028.

“On September 20, 2023, Tempo Acquisition, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of Alight, Inc. (the “Company”) entered into Amendment No. 9 to Credit Agreement (the “Amendment”) which amended its credit agreement with a syndicate of lenders (the “Credit Agreement” and the Credit Agreement as amended by the Amendment, the “Amended Credit Agreement”) to establish a new class of Fifth Incremental Term Loans with an aggregate principal amount of $2,507,387,234.32 to effect a repricing of the outstanding Initial Term B-1 Loans due August 31, 2028, by reducing the Applicable Rate (as defined in the Amended Credit Agreement) from a SOFR + 3.00% to SOFR + 2.75%.”

Peter F. Wallace departed as member of the Board at Alight, Inc. / Delaware.

“Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.”

David N. Kestnbaum departed as member of the Board at Alight, Inc. / Delaware.

“Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.”

Peter F. Wallace departed as Director at Alight, Inc. / Delaware.

“On September 1, 2023, Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.”

David N. Kestnbaum departed as Director at Alight, Inc. / Delaware.

“On September 1, 2023, Mr. David N. Kestnbaum and Mr. Peter F. Wallace notified the board of directors (the "Board") of Alight, Inc. (the "Company") of their decision to step down, effective immediately, from their positions as members of the Board.”

Alight, Inc. / Delaware reported the second quarter ended June 30, 2023 results: revenue $806 million, net income Net loss of $72 million. Guidance reaffirmed.

“of business positions Alight to achieve its profitable growth targets in 2023 and beyond.” Second Quarter 2023 Highlights • Revenue increased 12.7% over the prior year period to $806 million • Over 90% of projected 2023 revenue under contract at the end of the second quarter • Business Process as a Service (BPaaS) revenue grew 39.8% to $179 million, representing”

Alight, Inc. / Delaware shareholders approved Approval, on an advisory (non-binding) basis, of the 2022 compensation paid to our named executive officers at the 2023-05-17 meeting.

“Proposal No. 3 - Approval, on an advisory (non-binding) basis, of the 2022 compensation paid to our named executive officers: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Ratification of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-17 meeting.

“Proposal No. 2 - Ratification of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023: The stockholders approved this proposal.”

Alight, Inc. / Delaware shareholders approved Election of Class II Directors at the 2023-05-17 meeting.

“Proposal No. 1 - Election of Directors: Each of our Class II Directors listed below were elected to serve terms expiring at the 2026 Annual Meeting of Stockholders of the Company, or until a successor is duly elected and qualified, except in the case of a Director's earlier death, resignation, retirement, disqualification, removal or incapacity.”

Alight, Inc. / Delaware reported first quarter ended March 31, 2023 results: revenue $831 million, net income net loss of $74 million. Guidance reaffirmed.

“of double-digit growth, margin expansion and improved operating cash flow conversion.” First Quarter 2023 Highlights • Revenue increased 14.6% over the prior year period to $831 million • Business Process as a Service (BPaaS) revenue grew 50.0% to $171 million, representing 20.6% of total revenue • BPaaS bookings on a total contract value basis were $75 million,”

Kausik Rajgopal was appointed as Director at Alight, Inc. / Delaware.

“appointed Kausik Rajgopal to the Board, effective as of March 17, 2023.”