0001809104FALSEAlight, Inc. / Delaware00018091042024-12-192024-12-19

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________
FORM 8-K
__________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 19, 2024
__________________________________________
Alight, Inc.
(Exact name of Registrant as Specified in Its Charter)
__________________________________________
Delaware001-3929986-1849232
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
   
320 South Canal Street,
 
50th Floor, Suite 5000, Chicago,IL
 
60606
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (224)737-7000
(Former Name or Former Address, if Changed Since Last Report)
__________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per shareALITNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Gregory R. Goff as President

On December 19, 2024, Alight, Inc. (“Alight” or the “Company”) announced that Mr. Goff, the Company’s President, will depart the Company on January 31, 2025. Mr. Goff will be entitled to receive the post-employment payments and benefits associated with a termination without cause as disclosed in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on June 4, 2024, under the caption, “Executive Compensation—Potential Payments Upon a Termination or Change in Control”. Additionally, Mr. Goff will be entitled to (i) accelerated vesting of 64,863 shares of the Company’s Class A common stock underlying his outstanding restricted stock units (corresponding to one additional vesting tranche related to each of his 2022 and 2023 restricted stock unit grants), (ii) accelerated vesting of 109,769 shares of the Company’s Class A Common Stock underlying his outstanding 2022 performance stock unit (corresponding to the full target number of shares underlying such grant) and (iii) accelerated vesting of 196,314 shares of the Company’s Class A Common Stock underlying his outstanding 2023 and 2024 performance stock unit grants (corresponding to the full target number of shares underlying the 2023 grant and the target number of shares attributable to the 2024 performance period with respect to his 2024 performance stock unit grant).

Except as described in the preceding sentence, all unvested equity awards held by Mr. Goff will be forfeited in accordance with the terms of his applicable award agreements in connection with his termination of employment. Additionally, the post-termination payments and benefits and enhanced equity award vesting described above is contingent upon Mr. Goff’s execution of a standard release agreement in favor of the Company.
Item 7.01 Regulation FD Disclosure.
On December 19, 2024, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 hereto, announcing the matters described in Item 5.02 above.
The information in this Item 7.01, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such disclosure in this Form 8-K in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALIGHT, INC.
Date:December 19, 2024By: /s/ Martin Felli
Martin Felli, Chief Legal Officer and Corporate Secretary


Alight Announces Technology and Delivery Leadership Changes

— Allison Bassiouni appointed Chief Delivery Officer and Deepika Duggirala appointed Chief Technology Officer —

Chicago, Ill., December 19, 2024—Alight, Inc. (NYSE: ALIT or the “Company”), a leading cloud-based human capital and technology-enabled services provider, today announced executive leadership changes within its delivery and technology organization as it enters its next chapter following the completion of its multi-year transformation. Allison Bassiouni, currently Executive Vice President, Customer Experience and Delivery, will be promoted to Chief Delivery Officer and Deepika Duggirala, currently Executive Vice President, Technology, will be promoted to Chief Technology Officer, in each case effective January 1, 2025. As part of this transition, Greg Goff, who previously led the delivery and technology functions, and continues to serve as President, will be departing the Company on January 31, 2025.

In her new role as Chief Delivery Officer, Ms. Bassiouni will be responsible for advancing Alight’s service delivery capabilities and driving continued client success. Ms. Bassiouni brings more than 25 years of industry expertise in benefits delivery and customer experience. During her time with Alight and its predecessors, she has progressively assumed greater leadership responsibilities and has been instrumental in elevating client satisfaction and operational excellence.

In her new role as Chief Technology Officer, Ms. Duggirala will oversee Alight’s technology organization, accelerating the Company’s innovation agenda, particularly in areas such as artificial intelligence and automation. Ms. Duggirala joined Alight as Executive Vice President of Technology in 2023, bringing over 25 years of technology leadership experience across enterprise software, mobile platforms, and digital transformation initiatives. She previously served as SVP of Global Technology Platforms at TransUnion, where she led strategic technology initiatives. Her extensive career includes leadership roles at SAP Labs as Vice President of Development for SAP Mobile Platform, and nearly a decade at Motorola Inc., where she progressed from Software Engineer to Engineering Project Manager.

"Today's announcement reflects the depth of our leadership bench and our commitment to advancing exceptional talent from within our organization," said Dave Guilmette, CEO of Alight. "Allison and Deepika have demonstrated outstanding leadership capabilities and expertise throughout their impressive careers, and I look forward to working with each of them in their expanded roles.”

Mr. Guilmette continued, “Allison’s extensive background in service delivery and her deep understanding of our clients' needs will enable Alight to create even more outstanding client experiences. Deepika's strong technical acumen and track record of driving innovation will allow us to build upon our momentum in our technology transformation journey. I’m confident that together, these leaders will drive our next chapter of growth and help us create valuable outcomes for our clients.”

Mr. Guilmette concluded, “I want to thank Greg Goff for his many contributions to Alight, particularly his leadership in the development of Alight Worklife® and our successful cloud migration initiatives. We appreciate his dedication to ensuring a smooth transition and wish him well in his future endeavors."

About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider for many of the world’s largest organizations and over 35 million people and dependents. Through the administration of employee benefits, Alight


helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at alight.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding our management succession plans and impact on our business. In some cases, these forward-looking statements can be identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks described under the section entitled “Risk Factors” of Alight’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2024, and in the Quarterly Reports on Form 10-Q filed with the SEC on May 8, 2024 and on November 12, 2024, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Contact:
Jeremy Cohen
Investor.Relations@alight.com
Media Contacts:
Mariana Fischbach
Mariana.Fischbach@alight.com


v3.24.4
Document And Entity Information
Dec. 19, 2024
Cover [Abstract]  
Document Period End Date Dec. 19, 2024
Document Type 8-K
Entity Registrant Name Alight, Inc. / Delaware
Entity Incorporation, State or Country Code DE
Entity File Number 001-39299
Entity Tax Identification Number 86-1849232
Entity Address, Address Line One 320 South Canal Street,
Entity Address, Address Line Two 50th Floor, Suite 5000
Entity Address, City or Town Chicago
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60606
City Area Code (224)
Local Phone Number 737-7000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share
Trading Symbol ALIT
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001809104
Amendment Flag false
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