Highest-materiality recent filing
Alight, Inc. effects 1-for-20 reverse stock split, declassifies board, amends bylaws
1-for-20 reverse stock split effective June 30, 2026; Class A authorized shares reduced from 1B to 50M.
Alight appoints Stephen A. Lasher as CFO effective June 15, 2026
Stephen A. Lasher appointed CFO, effective June 15, 2026; previously CFO of Digital Turbine and Vonage, and 24-year IBM finance veteran.
Alight Q1 revenue $534M beats estimates; appoints Davies interim CFO, Tulsiani President
Revenue $534M down 2.6% YoY but above expectations; net loss improved to $19M from $25M.
Alight receives NYSE non-compliance notice for average closing price below $1.00
NYSE notified Alight on March 24, 2026 that average closing price was below $1.00 over 30 trading days ending March 20.
Alight Q4 net loss $933M on $803M goodwill impairment; ends dividend, pivots to buybacks
Q4 revenue $653M (-4.0% YoY); full-year revenue $2,262M (-3.0%).
Alight appoints Rohit Verma as CEO effective Jan 1, 2026; Dave Guilmette departs Dec 31
Rohit Verma appointed CEO and Class I director effective Jan 1, 2026; Dave Guilmette steps down Dec 31, 2025.
Alight Q3 revenue down 4% to $533M; net loss of $1,055M on $1.34B goodwill impairment
Revenue $533M (-4% YoY); adjusted EBITDA rose to $138M from $118M; adjusted EPS $0.12 vs $0.09.
Alight Q2 revenue down 2% to $528M; net loss $1B on goodwill impairment; reaffirms EBITDA guidance
Revenue $528M, down 1.9% YoY; gross profit margin improved to 33.3% from 31.0%.
Revenue $548M (-2% YoY); net loss improved to $17M from $121M; adjusted EPS $0.10 flat.
Alight unveils mid-term targets: 4-6% revenue growth by 2027, ~30% EBITDA margin
Total annual revenue growth rate target of 4-6% by 2027.
Alight announces Russell P. Fradin as new Chairman; three new directors appointed
Board size increased to 11; William P. Foley II steps down as Chairman but remains a director.
Alight Q4 revenue $680M, adjusted EPS $0.24; 2025 outlook revenue $2.32-$2.39B
Q4 revenue $680M (-0.3% YoY); BPaaS revenue $146M (+9.8%); net income $29M vs loss $121M YoY.
Alight President Greg Goff to depart Jan 31, 2025; Bassiouni promoted to CDO, Duggirala to CTO
President Greg Goff departs Alight on Jan 31, 2025; severance includes accelerated vesting of ~371K shares.
Alight beats Q3 expectations, initiates $0.04 quarterly dividend; raises FY revenue guidance
Revenue $555M (-0.4% YoY); adjusted EBITDA $118M (+18% YoY); adjusted EPS $0.09 (flat).
Alight appoints Dave Guilmette as CEO; Scholl steps down as CEO and board member
David Guilmette appointed CEO effective August 20, 2024; succeeds Stephan Scholl.
Alight reports Q2 revenue down 4.1% to $538M, CEO Scholl to step down, H2 outlook issued
Q2 cont ops rev $538M (-4.1% YoY); BPaaS rev $115M (+12.7%); recurring rev 91.6% of total.
Alight closes $1.2B sale of Payroll & Professional Services to H.I.G. Capital
Up to $1.2B total: $1B cash at close, $50M seller note, up to $150M contingent note tied to 2025 targets.
Alight enters $75M accelerated share repurchase with Barclays
Alight entered an ASR with Barclays Bank PLC to repurchase $75M of its Class A common stock.
Alight reprices $2.49B term loans, cuts spread to SOFR+2.25% from +2.75%
New Sixth Incremental Term Loans of $2,488,581,830.32 refinance all outstanding Fifth Incremental Term Loans due 2028.
Alight Q1 continuing ops rev $559M (-4.6% YoY); BPaaS +21%; net loss $121M; CFO transition
Continuing ops revenue $559M (-4.6% YoY); BPaaS revenue $117M (+20.6%); net loss $121M vs $84M.
Alight appoints two independent directors, enters cooperation deal with Starboard (7.2% stake)
Board expanded to 11; Dave Guilmette (former Aon exec) and Coretha Rushing (former Equifax CHRO) appointed.
Sale price: $1.0B cash + $50M note at closing + up to $150M contingent note on 2025 performance.
Q4 revenue $960M (+1.9% YoY); FY revenue $3.41B (+8.9%).
Alight Q3 revenue up 8.4% to $813M; raises adjusted EPS guidance
Revenue of $813M (+8.4% YoY); Employer Solutions revenue up 8.7% to $701M.
Two Alight directors resign; Blackstone-affiliated funds exit investor rights agreement
David N. Kestnbaum and Peter F. Wallace stepped down from Alight board effective September 1, 2023, with no disagreement.
Selling stockholders sell 22.5M shares of Alight at $7.98; Alight repurchases 1.25M shares
Selling stockholders (Blackstone affiliates, Jasmine Ventures, Platinum Falcon) sold 22,500,000 shares at $7.98 per share.
Alight Q2 revenue up 12.7% to $806M; CFO Rooney adds COO role
Revenue $806M (+12.7% YoY); BPaaS revenue $179M (+39.8%)
Alight unveils mid-term financial targets at Investor Day, targeting 15%+ BPaaS revenue growth
BPaaS revenue growth target of 15%+ annually; total revenue growth 6-8%.
Alight Q1 revenue up 14.6% to $831M; BPaaS revenue jumps 50%
Revenue of $831M vs $725M YoY; Employer Solutions revenue grew >16% to $723M.
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”).
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
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
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.
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.
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.
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.
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.
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.
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.
Mr. Scholl stepped down as the Company's Chief Executive Officer as of the Effective Date.
its Board appointed David D. Guilmette to serve as the Company’s Chief Executive Officer
Max materiality 0.90 · Median 0.60 · Most common event other_material