secwatch / observer

Alight, Inc. / Delaware — fact timeline

Source-grounded facts extracted from Alight, Inc. / Delaware's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

ALIT Alight, Inc. / Delaware JSON
Earnings Releases

Alight, Inc. / Delaware reported financial results for fourth quarter and fiscal year ended December 31, 2022.

“On February 21, 2023, Alight, Inc. (the “Registrant”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.”
Restructurings & Charges

Alight, Inc. / Delaware announced a restructuring with charges of approximately $140 million affecting back-office infrastructure and operating model (elimination of full-time positions).

“costs associated with technology infrastructure transformation, and elimination of full-time positions. The Company currently expects to record in the aggregate approximately $140 million in pre-tax restructuring charges over the next two years. The restructuring charges are expected to include severance charges with an estimated to range from $20 million to $30”
Material Agreements

Alight, Inc. / Delaware amended First Amendment to the Investors Rights Agreement with Existing Investors and the Sponsor Investors (effective 2023-02-02).

“On February 2, 2023, Alight, Inc. (the “Company” or “Alight”) entered into an amendment (the “First Amendment to the Investors Rights Agreement”) to the Investor Rights Agreement, dated as of July 2, 2021, by and among the Company, the Existing Investors and the Sponsor Investors (as such terms are defined in the Investor Rights Agreement) as of the date thereof”

Cathinka Wahlstrom departed as President and Chief Commercial Officer at Alight, Inc. / Delaware.

“Cathinka Wahlstrom, President and Chief Commercial Officer of Alight, and the Company mutually agreed that Ms. Wahlstrom would depart the Company effective January 31, 2023.”

Denise Williams was elected as Director at Alight, Inc. / Delaware.

“the Board elected Denise Williams to the Board on February 2, 2023, effective February 3, 2023.”

Cathinka Wahlstrom departed as President and Chief Commercial Officer at Alight, Inc. / Delaware.

“On January 16, 2023, Cathinka Wahlstrom, President and Chief Commercial Officer of Alight, Inc. (the “Company”), and the Company mutually agreed that Ms. Wahlstrom will depart the Company effective January 31, 2023.”
Earnings Releases

Alight, Inc. / Delaware reported third quarter ended September 30, 2022 results: revenue $750 million, net income $(45) million. Guidance reaffirmed.

“and their employees” said Chief Executive Officer Stephan Scholl. Third Quarter 2022 Highlights (all comparisons are relative to third quarter 2021) • Grew revenue 8.7% to $750 million and incurred a net loss of $(45) million compared to a prior year net loss of $(120) million • Business Process as a Service (BPaaS) revenue grew 55.7%, represents 20.1% of total”

Michael J. Rogers was appointed as Chief Human Resources Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Paulette R. Dodson was appointed as General Counsel & Corporate Secretary at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Ed J. Auriemma was appointed as Chief Operations Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Dinesh V. Tulsiani was appointed as Chief Strategy Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Cesar Jelvez was appointed as Chief Customer Experience Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Gregory R. Goff was appointed as Chief Product and Technology Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Colin F. Brennan was appointed as Chief Product Strategy & Services Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Katie J. Rooney was appointed as Chief Financial Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Cathinka E. Wahlstrom was appointed as President & Chief Commercial Officer at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Peter Wallace was elected as Director at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

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

“The following persons are serving as executive officers and directors following the Closing.”

Erika Meinhardt was elected as Director at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Richard N. Massey was elected as Director at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

David Kestnbaum was elected as Director at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Daniel Henson was elected as Director at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

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

“The following persons are serving as executive officers and directors following the Closing.”

William P. Foley, II was elected as Chairman at Alight, Inc. / Delaware.

“The following persons are serving as executive officers and directors following the Closing.”

Michael J. Rogers was appointed as Chief Human Resources Officer at Alight, Inc. / Delaware.

“Michael J. Rogers Chief Human Resources Officer”

Paulette R. Dodson was appointed as General Counsel & Corporate Secretary at Alight, Inc. / Delaware.

“Paulette R. Dodson General Counsel & Corporate Secretary”

Ed J. Auriemma was appointed as Chief Operations Officer at Alight, Inc. / Delaware.

“Ed J. Auriemma Chief Operations Officer”

Dinesh V. Tulsiani was appointed as Chief Strategy Officer at Alight, Inc. / Delaware.

“Dinesh V. Tulsiani Chief Strategy Officer”

Cesar Jelvez was appointed as Chief Customer Experience Officer at Alight, Inc. / Delaware.

“Cesar Jelvez Chief Customer Experience Officer”

Gregory R. Goff was appointed as Chief Product and Technology Officer at Alight, Inc. / Delaware.

“Gregory R. Goff Chief Product and Technology Officer”

Colin F. Brennan was appointed as Chief Product Strategy & Services Officer at Alight, Inc. / Delaware.

“Colin F. Brennan Chief Product Strategy & Services Officer”

Katie J. Rooney was appointed as Chief Financial Officer at Alight, Inc. / Delaware.

“Katie J. Rooney Chief Financial Officer”

Cathinka E. Wahlstrom was appointed as President & Chief Commercial Officer at Alight, Inc. / Delaware.

“Cathinka E. Wahlstrom President & Chief Commercial Officer”

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

“Stephan D. Scholl Chief Executive Officer”

Paulette R. Dodson was appointed as Director at Alight, Inc. / Delaware.

“As of immediately following the FTAC Effective Time, each of Stephan D. Scholl, Katie J. Rooney and Paulette R. Dodson became the directors of FTAC”

Katie J. Rooney was appointed as Director at Alight, Inc. / Delaware.

“As of immediately following the FTAC Effective Time, each of Stephan D. Scholl, Katie J. Rooney and Paulette R. Dodson became the directors of FTAC”

Stephan D. Scholl was appointed as Director at Alight, Inc. / Delaware.

“As of immediately following the FTAC Effective Time, each of Stephan D. Scholl, Katie J. Rooney and Paulette R. Dodson became the directors of FTAC”

Michael L. Gravelle resigned as other_named_officer at Alight, Inc. / Delaware.

“each of Richard N. Massey, David W. Ducommun, Bryan D. Coy and Michael L. Gravelle resigned as an officer of FTAC.”

Bryan D. Coy resigned as other_named_officer at Alight, Inc. / Delaware.

“each of Richard N. Massey, David W. Ducommun, Bryan D. Coy and Michael L. Gravelle resigned as an officer of FTAC.”

David W. Ducommun resigned as other_named_officer at Alight, Inc. / Delaware.

“each of Richard N. Massey, David W. Ducommun, Bryan D. Coy and Michael L. Gravelle resigned as an officer of FTAC.”

Richard N. Massey resigned as other_named_officer at Alight, Inc. / Delaware.

“each of Richard N. Massey, David W. Ducommun, Bryan D. Coy and Michael L. Gravelle resigned as an officer of FTAC.”

Frank R. Martire, Jr. resigned as Director at Alight, Inc. / Delaware.

“each of Richard N. Massey, Douglas K. Ammerman, Hugh R. Harris and Frank R. Martire, Jr. voluntarily resigned from his position as a member of FTAC’s board of directors and from any committee thereof.”

Hugh R. Harris resigned as Director at Alight, Inc. / Delaware.

“each of Richard N. Massey, Douglas K. Ammerman, Hugh R. Harris and Frank R. Martire, Jr. voluntarily resigned from his position as a member of FTAC’s board of directors and from any committee thereof.”

Douglas K. Ammerman resigned as Director at Alight, Inc. / Delaware.

“each of Richard N. Massey, Douglas K. Ammerman, Hugh R. Harris and Frank R. Martire, Jr. voluntarily resigned from his position as a member of FTAC’s board of directors and from any committee thereof.”

Richard N. Massey resigned as Director at Alight, Inc. / Delaware.

“each of Richard N. Massey, Douglas K. Ammerman, Hugh R. Harris and Frank R. Martire, Jr. voluntarily resigned from his position as a member of FTAC’s board of directors and from any committee thereof.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.