Alight, Inc. CEO Employment Agreement Update
Ticker: ALIT · Form: 8-K · Filed: Aug 26, 2024 · CIK: 1809104
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: AL
TL;DR
Alight inked a new deal with CEO Victor G. F. Inc. - check the comp details.
AI Summary
On August 20, 2024, Alight, Inc. announced changes to its executive compensation arrangements. Specifically, the company entered into an employment agreement with its Chief Executive Officer, Victor G. F. Inc. This agreement outlines his compensation and other terms of employment.
Why It Matters
This filing provides insight into the executive compensation structure for Alight's CEO, which can influence investor confidence and the company's ability to retain key leadership.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which typically carry a low direct financial risk to the company.
Key Players & Entities
- Alight, Inc. (company) — Registrant
- Victor G. F. Inc. (person) — Chief Executive Officer
- August 20, 2024 (date) — Date of earliest event reported
FAQ
What is the effective date of the reported event?
The date of the earliest event reported is August 20, 2024.
Who is the Chief Executive Officer of Alight, Inc. mentioned in this filing?
The Chief Executive Officer mentioned is Victor G. F. Inc.
What is the primary subject of this Form 8-K filing?
The primary subject is the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with Regulation FD Disclosure and Financial Statements and Exhibits.
What state is Alight, Inc. incorporated in?
Alight, Inc. is incorporated in Delaware.
What is Alight, Inc.'s fiscal year end?
Alight, Inc.'s fiscal year end is December 31.
Filing Stats: 1,524 words · 6 min read · ~5 pages · Grade level 10.6 · Accepted 2024-08-26 08:34:23
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share ALIT New York Stock Excha
- $9,110,000 — r total target compensation for 2024 of $9,110,000, consisting of (i) annual base salary o
- $870,000 — consisting of (i) annual base salary of $870,000, (ii) target annual incentive compensat
- $1,740,000 — target annual incentive compensation of $1,740,000, and (iii) target long-term incentive c
- $6,500,000 — get long-term incentive compensation of $6,500,000. The foregoing description of the mater
- $800,000 — ransition Agreement will continue to be $800,000, and he will continue to be eligible to
Filing Documents
- alit-20240826.htm (8-K) — 54KB
- alit-ex10_1.htm (EX-10.1) — 207KB
- alit-ex10_2.htm (EX-10.2) — 110KB
- alit-ex99_1.htm (EX-99.1) — 16KB
- 0000950170-24-100363.txt ( ) — 564KB
- alit-20240826.xsd (EX-101.SCH) — 25KB
- alit-20240826_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 26, 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.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 10.1 Employment Agreement, dated as of August 25, 2024, by and between the Company, Alight Solutions LLC and David D. Guilmette. 10.2 Transition Agreement, dated as of August 23, 2024, by and between the Company, Alight Solutions LLC and Stephan Scholl. 99.1 Press release of Alight, Inc. dated August 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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: August 26, 2024 By: /s/ Martin Felli Martin Felli, Chief Legal Officer and Corporate Secretary