• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Alight Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Financial Statements and Exhibits

    5/8/25 7:36:01 AM ET
    $ALIT
    Business Services
    Consumer Discretionary
    Get the next $ALIT alert in real time by email
    alit-20250506
    0001809104FALSEAlight, Inc. / Delaware00018091042025-05-062025-05-06

    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): May 6, 2025
    __________________________________________
    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 share
    ALIT
    New 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 2.02 Results of Operations and Financial Condition.
    On May 8, 2025, Alight, Inc. ("Alight" or the “Company”) issued a press release announcing its financial results for the first quarter and fiscal year ended March 31, 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference.
    The information contained in Item 2.02 of this Report, including Exhibit 99.1 hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section and will not be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
    Item 2.05 Costs Associated with Exit or Disposal Activities.
    On May 6, 2025, the Audit Committee of the Board of Directors of the Company approved a fifteen-month restructuring program (the “Post-Separation Plan” or “PSP”) intended to further optimize our operations following the divestiture of our Payroll and Professional Services business in July 2024. The PSP includes simplifying our post-divestiture operating model, rationalizing our technology spend, expanding our use of artificial intelligence and automation and continued optimization of real estate. The Company currently expects to record in the aggregate approximately $65 million in pre-tax restructuring costs over the duration of the PSP, which includes primarily cash severance payments with an estimated range of $20 million to $30 million and other restructuring cash payments and charges related to technology spend, professional services and optimization of real estate with an estimated range of $25 million to $35 million. The Company estimates an annual savings of over $75 million after the PSP is completed. The PSP is expected to commence in the second quarter of 2025 and to be substantially completed over the estimated fifteen-month period.
    Item 9.01 Financial Statements and Exhibits.
    (d)Exhibits.
    99.1
    Press Release of the Company dated as of May 8, 2025
    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:
    May 8, 2025
    By: /s/ Martin Felli
    Martin Felli, Chief Legal Officer and Corporate Secretary

    Get the next $ALIT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ALIT

    DatePrice TargetRatingAnalyst
    8/20/2024$8.00Overweight → Neutral
    JP Morgan
    1/5/2024$12.00Buy
    Citigroup
    12/6/2023$12.00Buy
    Canaccord Genuity
    11/7/2023$10.00Buy
    UBS
    6/13/2023$12.00Buy
    Citigroup
    12/9/2022$13.00Outperform
    Wedbush
    12/6/2022$12.00Buy
    Needham
    9/16/2022$15.00Overweight
    KeyBanc Capital Markets
    More analyst ratings

    $ALIT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Guilmette David D covered exercise/tax liability with 1,297 shares, decreasing direct ownership by 0.23% to 550,750 units (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      5/8/25 5:31:12 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Director Fradin Russell P was granted 2,904 shares, increasing direct ownership by 3% to 100,483 units (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      4/2/25 5:45:02 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Director Rushing Coretha M was granted 1,758 shares, increasing direct ownership by 6% to 32,575 units (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      4/2/25 5:44:18 PM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    Financials

    Live finance-specific insights

    See more
    • Alight Reports First Quarter 2025 Results

      – Revenue of $548 million – – 92% of projected 2025 revenue under contract – – Key wins with US Foods, Markel and Delek – – Full year 2025 financial outlook reaffirmed – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the first quarter ended March 31, 2025. "Our first quarter performance met expectations and we are off to a strong start to the year," said CEO Dave Guilmette. "We continue to bolster our leading capabilities through a focus on client-centricity and delivering with excellence, including important advancements across our artificial intelligence and delivery initiatives. As our talented team

      5/8/25 7:30:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight Declares Quarterly Cash Dividend

      Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share on outstanding Class A Common Stock, payable on June 16, 2025 to shareholders of record as of the close of business on June 2, 2025. 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 unifyin

      4/30/25 4:15:00 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight Reports Fourth Quarter and Full Year 2024 Results

      – Fourth quarter revenue of $680 million – – ARR bookings growth of 18% to $114 million in 2024 – – Increased stock repurchase program by $200 million – – Announces Board of Directors leadership transition – – Introduces 2025 outlook with improved revenue growth rate, profit margins and cash flow – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the fourth quarter and full year ended December 31, 2024. "Alight concluded a transformative year on a strong note, with fourth quarter results that met expectations and included recurring revenue expansion and strong cash flow," said CEO Dave Guilmette. "We enter 2

      2/20/25 7:30:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Alight Inc.

      SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)

      12/10/24 4:00:22 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Alight Inc.

      SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)

      12/5/24 4:51:02 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Alight Inc.

      SC 13G/A - Alight, Inc. / Delaware (0001809104) (Subject)

      11/14/24 1:06:11 PM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    SEC Filings

    See more
    • SEC Form 10-Q filed by Alight Inc.

      10-Q - Alight, Inc. / Delaware (0001809104) (Filer)

      5/8/25 4:44:36 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Financial Statements and Exhibits

      8-K - Alight, Inc. / Delaware (0001809104) (Filer)

      5/8/25 7:36:01 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by Alight Inc.

      DEFA14A - Alight, Inc. / Delaware (0001809104) (Filer)

      4/22/25 7:37:09 AM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    Leadership Updates

    Live Leadership Updates

    See more
    • Alight Announces Board Leadership Transition

      — William P. Foley, II, to step down as Chairman, will continue to serve as board member — — Industry-veteran Russell P. Fradin appointed Chairman of the Board — — Robert Schriesheim, Robert Lopes, Jr. and Mike Hayes named to Board of Directors — Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors (the "Board") appointed Russell (Russ) P. Fradin as its Chairman of the Board of Directors, succeeding William P. Foley, II, who will continue to serve as a board member, effective March 1, 2025. In addition, Robert (Rob) Schriesheim, Robert (Bob) Lopes, Jr., and Mike Hayes have been appointed to th

      2/20/25 7:25:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight Names Two New Independent Directors, Dave Guilmette and Coretha Rushing, to its Board of Directors

      Company and Starboard Enter into Cooperation Agreement Alight, Inc. (NYSE:ALIT) ("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. In addition, as part of an ongoing effort to broaden board comp

      5/6/24 8:00:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Cannae Holdings, Inc. Announces William P. Foley II as CEO

      Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.

      2/12/24 7:06:00 AM ET
      $ALIT
      $CNNE
      $DNB
      $PSFE
      Business Services
      Consumer Discretionary
      Restaurants
      Finance: Consumer Services

    $ALIT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Alight Reports First Quarter 2025 Results

      – Revenue of $548 million – – 92% of projected 2025 revenue under contract – – Key wins with US Foods, Markel and Delek – – Full year 2025 financial outlook reaffirmed – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the first quarter ended March 31, 2025. "Our first quarter performance met expectations and we are off to a strong start to the year," said CEO Dave Guilmette. "We continue to bolster our leading capabilities through a focus on client-centricity and delivering with excellence, including important advancements across our artificial intelligence and delivery initiatives. As our talented team

      5/8/25 7:30:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight Declares Quarterly Cash Dividend

      Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share on outstanding Class A Common Stock, payable on June 16, 2025 to shareholders of record as of the close of business on June 2, 2025. 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 unifyin

      4/30/25 4:15:00 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Alight to Announce First Quarter 2025 Results

      Alight, Inc. (NYSE:ALIT) today announced it will release first quarter 2025 earnings results before market open on Thursday, May 8, 2025, 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. Details of Webcast: Date: Thursday, May 8, 2025 Time: 8:30 a.m. ET Webcast and replay: Events & Presentations 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 he

      4/24/25 8:00:00 AM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Lopes Robert A. Jr. bought $18,750 worth of shares (3,000 units at $6.25), increasing direct ownership by 14% to 23,941 units (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      3/13/25 5:45:32 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Director Massey Richard N bought $639,420 worth of shares (100,000 units at $6.39), increasing direct ownership by 7% to 1,573,489 units (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      3/11/25 7:57:18 PM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Director Schriesheim Robert A bought $150,000 worth of shares (22,092 units at $6.79) (SEC Form 4)

      4 - Alight, Inc. / Delaware (0001809104) (Issuer)

      3/4/25 5:51:16 PM ET
      $ALIT
      Business Services
      Consumer Discretionary

    $ALIT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Alight downgraded by JP Morgan with a new price target

      JP Morgan downgraded Alight from Overweight to Neutral and set a new price target of $8.00

      8/20/24 6:48:36 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Citigroup resumed coverage on Alight with a new price target

      Citigroup resumed coverage of Alight with a rating of Buy and set a new price target of $12.00

      1/5/24 7:22:47 AM ET
      $ALIT
      Business Services
      Consumer Discretionary
    • Canaccord Genuity initiated coverage on Alight with a new price target

      Canaccord Genuity initiated coverage of Alight with a rating of Buy and set a new price target of $12.00

      12/6/23 8:26:05 AM ET
      $ALIT
      Business Services
      Consumer Discretionary