Articles from Alight, Inc.

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.

Alight, Inc. (NYSE: ALIT or the “Company”), a leading cloud-based human capital and technology-enabled services provider, today announced that its Chief Financial Officer, Jeremy Heaton, will present at the UBS Global Technology and AI Conference in Scottsdale, Arizona on Wednesday, December 4, 2024 at 12:15 p.m. MST, available via live webcast and replay here.

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2024.

Alight (NYSE: ALIT or the “Company”) today announced it will release third quarter results before market open on Tuesday, November 12, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Chief Executive Officer, Dave Guilmette, and its Chief Financial Officer, Jeremy Heaton, will present at the Citi Global TMT Conference in New York City on Thursday, September 5, 2024 at 8:20 a.m. ET, available via live webcast and replay here.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its President, Greg Goff, will present at the Canaccord Genuity 44th Annual Growth Conference in Boston on Tuesday, August 13, 2024 at 9 a.m. ET, available via live webcast and replay here.

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2024.

Alight (NYSE: ALIT or the “Company”) today announced it will release second quarter results before market open on Tuesday, August 6, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations.

Alight, Inc. (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that it has closed the previously announced sale of its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G. Capital. 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 financial targets, which are substantially in line with current performance levels.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Barclays Bank PLC to repurchase $75 million of Alight's common stock, as part of the Company's existing share repurchase program which had remaining authority of $168 million as of June 14, 2024.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Chief Executive Officer, Stephan Scholl, and Chief Financial Officer, Jeremy Heaton, will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 8:50 a.m. ET, available via live webcast here.

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the first quarter ended March 31, 2024.

Alight (NYSE: ALIT or the “Company”) today announced two leadership promotions as part of the Company’s ongoing transformation. Jeremy Heaton, who has been with the Company for four years most recently serving as Operating Chief Financial Officer, will assume the role of Chief Financial Officer, effective today. Mr. Heaton brings more than two decades of financial experience, including more than 20 years at GE in global financial management. Katie Rooney will step down from her position as Global Chief Financial Officer after over 15 years of distinguished service with the Company, and will continue in her role as Chief Operating Officer supporting the Payroll & Professional Services divestiture until close of the transaction anticipated to be mid-year 2024, after which she will step down.

Alight, Inc. (NYSEALIT) (“Alight” or the “Company”), a leading cloud-based human capital and technology services provider, today announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors (the “Board”), effective immediately. These appointments have been made in connection with a cooperation agreement (the “Agreement”) entered into between Alight and Starboard Value LP (together with certain of its affiliates, “Starboard”), an investment firm which owns approximately 7.2% of the Company’s outstanding common stock.

Alight (NYSE: ALIT or the “Company”) today announced it will release first quarter results before market open on Wednesday, May 8, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations.

Alight, Inc. (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G. Capital for up to $1.2 billion, subject to certain adjustments. This values the Payroll & Professional Services business at a multiple of approximately 10 times its estimated 2023 adjusted EBITDA and 24 times its estimated unlevered free cash flow.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Operating Chief Financial Officer, Jeremy Heaton, will represent the Company at the KeyBanc Emerging Technology Summit on Wednesday, March 6, 2024, and at the Bank of America Information & Business Services Conference on Thursday, March 14, 2024.

Alight, Inc. (NYSEALIT) (“Alight” or the “Company”), a leading cloud-based human capital and technology services provider, today issued the following statement regarding Starboard Value’s (“Starboard”) nomination of directors for election to the Alight Board of Directors (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”):

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023.

Alight (NYSE: ALIT or the “Company”) today announced it will release fourth quarter and full year 2023 earnings results before market open on Wednesday, February 21, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. A replay of the call will be available on the Company website, and through Wednesday March 6, 2024 by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13743273.

Alight, Inc. (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced that it has named Siobhan Nolan Mangini to its Board of Directors, effective January 1, 2024.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that members of its management team will attend the J.P. Morgan Ultimate Services Investor Conference and the D.A. Davidson Technology Summit, both on Thursday, November 16, 2023.

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2023.

Alight (NYSE: ALIT or the “Company”) today announced it will release third quarter 2023 earnings results before market open on Wednesday, November 1, 2023, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. A replay of the call will be available on the Company website, and through Wednesday November 15, 2023 by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13740939.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that Operating Chief Financial Officer Jeremy Heaton will attend the Citi Global Technology Conference on September 6, 2023. The Company’s presentation at the Citi conference will be hosted at 1:45 p.m. ET and a live webcast will be available here.

Alight, Inc. (“Alight”) (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the underwritten secondary public offering (the “offering”) of 22,500,000 shares of Alight’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd. and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”) pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 3,375,000 additional shares of Alight’s Class A Common Stock. Alight did not sell any shares of Class A Common Stock in the offering and did not receive any proceeds from the offering.

Alight, Inc. (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2023.

Alight (NYSE: ALIT or the “Company”) today announced it will release second quarter 2023 earnings results after market close on Tuesday, August 1, 2023, and management will subsequently discuss the results on a webcast at 5:00 p.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. A replay of the call will be available on the Company website, and through Tuesday August 15, 2023 by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13739039.

Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today hosted an investor day at the New York Stock Exchange. During the event, Alight executives presented on the Company’s platform strategy and shared mid-term financial targets. Alight clients discussed how they work with the Company to care for the wellbeing of their employees to keep them financially secure and healthy.

Alight (NYSE: ALIT or the “Company”) today announced it will host an Investor Day from approximately 1 p.m. through 3:30 p.m. Eastern Time on Monday, May 15, 2023 at the New York Stock Exchange in New York City. The event will feature presentations and Q&A led by Alight’s management team. The Investor Day will be webcast live and via replay which can be found by visiting the Events & Presentations section of the Company’s website.

Alight, Inc. (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced that it has named Kausik Rajgopal to its Board of Directors, effective March 17, 2023.

Alight, Inc. (“Alight” or the “Company”) (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the upsized underwritten secondary public offering of 52,900,000 shares of Alight’s Class A common stock (the “offering”) by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”) at a public price of $9.00 per share, which includes the full exercise of the underwriters’ option to purchase an additional 6,900,000 shares of Alight’s Class A common stock. Alight did not sell any shares of Class A common stock in the offering and did not receive any proceeds from the offering.

Alight, Inc. (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced that Chief Executive Officer Stephan Scholl and Chief Financial Officer Katie Rooney will attend Morgan Stanley’s Technology, Media & Telecom Conference. The company’s fireside chat presentation will be hosted on Tuesday, March 7, 2023, at 8:00 a.m. Pacific Standard Time. A live webcast of the event will be made available here.

Alight, Inc. (“Alight”) (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced the upsize and pricing of the previously announced underwritten secondary public offering of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). The size of the offering increased from the previously announced 40,000,000 shares to 46,000,000 shares of Alight’s Class A common stock, at a public offering price of $9.00 per share. In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 6,900,000 additional shares of Alight’s Class A common stock. Subject to customary closing conditions, the offering is expected to settle and close on or about March 6, 2023. Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.

Alight, Inc. (“Alight”) (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced the commencement of an underwritten secondary public offering of up to 40,000,000 shares of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the offering, the Selling Stockholders intend to grant to the underwriters a 30-day option to purchase up to 6,000,000 additional shares of Alight’s Class A common stock. Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.

Alight (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2022.

Alight, Inc. (NYSEALIT), a leading cloud-based human capital technology and services provider, today announced that Denise Williams will join its Board of Directors (the “Board”), effective February 3, 2023. The Board elected Ms. Williams to be a director on February 2, 2023. Ms. Williams currently serves as chief people officer at FIS, a global leader in financial services technology.

Alight (NYSEALIT) today announced it will release fourth quarter and full year 2022 earnings results after the market close on Tuesday, February 21, 2023, and management will discuss the results on a conference call at 5 pm ET the same day. The webcast and a presentation of financial information will be publicly available at investor.alight.com. To listen by phone, please dial 1-877-407-0792 or 1-201-689-8263. A replay of the call will be available on the Company website, and through Wednesday March 8, 2023, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13734669.

Alight (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2021.

Alight (NYSEALIT) today announced it will release third quarter 2021 earnings results before the market open on Tuesday, November 9, 2021. Management will discuss the results on a conference call at 8:30 am ET on Tuesday, November 9, 2021. The webcast and a presentation of financial information will be publicly available at investor.alight.com. To listen by phone, please dial 1-877-407-0792 or 1-201-689-8263. A replay of the call will be available until midnight, Tuesday, November 23, 2021, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13723506.

Alight (NYSEALIT) today announced that Chief Executive Officer Stephan Scholl and Chief Financial Officer Katie Rooney will attend the D.A. Davidson Annual Software and Internet Conference on Thursday, September 9, 2021. The company’s fireside chat presentation will be hosted at 9:30 a.m. EST. A live webcast of the event will be made available here.

Alight (NYSEALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2021.

Alight (NYSEALIT) today announced it will release second quarter 2021 earnings results before the market open on Thursday, August 12, 2021. Management will discuss the results on a conference call at 8:30 am ET on Thursday, August 12, 2021. The webcast and a presentation of financial information will be publicly available at investor.alight.com. To listen by phone, please dial 1-877-407-0792 or 1-201-689-8263. A replay of the call will be available until midnight, Thursday, August 26, 2021, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13721843.