0001809104FALSEAlight, Inc. / Delaware00018091042026-08-042026-08-04
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2026
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Alight, Inc.
(Exact name of Registrant as Specified in Its Charter)
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Delaware | 001-39299 | 86-1849232 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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510 Lake Cook Road, | | |
Suite 400, Deerfield, IL | | 60015 |
| (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)
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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:
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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 August 4, 2026, Alight, Inc. (“Alight” or the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Modification of Equity Awards
Effective August 3, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved the modification of performance-vesting restricted stock units issued to certain of the Company’s named executive officers and other key employees that were issued to such individuals on March 25, 2026 (the “March TVR Awards”) under the Company’s 2021 Omnibus Plan (the “Plan”). Specifically, the Committee modified the performance criteria to lower the per-share price hurdles under which such awards would become vested in order to more adequately motivate management to reach such price targets and to retain such key members of management.
The following table sets forth the terms of the awards prior to and after the Committee’s modification:
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| | Before Modification | After Modification |
| Tranche | Percentage Earned at Maximum Achievement | Minimum Highest 20-day VWAP | Maximum Highest 20-day VWAP | Minimum Highest 20-day VWAP | Maximum Highest 20-day VWAP |
| 1 | 25% | $30.00 | $45.00 | $25.70 | $30.00 |
| 2 | 25% | $45.00 | $60.00 | $30.00 | $34.90 |
| 3 | 25% | $60.00 | $75.00 | $34.90 | $40.40 |
| 4 | 25% | $75.00 | $90.00 | $40.40 | $46.55 |
These modifications impacted awards held by (a) Rohit Verma, the Company’s Chief Executive Officer, who holds 350,000 March TVR Awards, and (b) the following named executive officers of the Company: Allison P. Bassiouni, the Company’s Chief Delivery Officer, who holds 125,000 March TVR Awards, and Donna G. Dorsey, the Company’s Chief Human Resources Officer, who holds 62,500 March TVR Awards. Other than with respect to the changes highlighted above, the terms of the March TVR Awards remain unchanged. For a description of the key terms of the March TVR Awards, please refer to the description below. The March TVR Award agreement was filed as Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 5, 2026.
Approval of Equity Award Grants
Effective August 3, 2026, the Committee approved an additional grant of performance-vesting restricted stock units for the Company’s named executive officers (the “July TVR Awards”) and certain other key employees under the Plan. The Committee issued the July TVR Awards to further incentivize strong financial performance by the Company and determined the structure of such grants in consultation with its external, independent compensation consultant after benchmarking compensation to the Company’s peer group among other factors.
The Committee approved the following grants for the Company’s principal executive officer, principal financial officer and one of the Company’s named executive officers:
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| Name | July TVR Awards |
| Rohit Verma | 80,000 |
| Stephen Lasher | 87,500 |
| Donna Dorsey | 12,500 |
The July TVR Awards are eligible to vest based on the achievement of certain stock price milestones before the earlier to occur of December 31, 2030 or a change in control (the “Measurement Period”). The stock price milestones allow a pro rata portion of the TVR Awards to vest on a linear basis within each vesting tranche as to up to 25% of the award when the volume-weighted average price per share (“VWAP”) of the Company’s Class A Common Stock, par value $0.0001 per share, for any twenty (20) consecutive trading day period exceeds the minimum target stock price for the indicated tranche. The Committee will certify the Company’s stock price performance after each calendar quarter to determine the shares to be awarded for the prior quarter’s performance. The stock price tranche target ranges are as follows:
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| Tranche | Minimum Highest 20-day VWAP | Maximum Highest 20-day VWAP | Percentage Earned at Maximum Achievement |
| 1 | $25.70 | $30.00 | 25% |
| 2 | $30.00 | $34.90 | 25% |
| 3 | $34.90 | $40.40 | 25% |
| 4 | $40.40 | $46.55 | 25% |
If the highest achieved 20-day VWAP in any calendar quarter falls between the stated minimum and maximum achievement levels for a particular vesting tranche, the executive will earn a pro-rata portion of that vesting tranche (to the extent not previously earned) and will remain eligible to vest into the remaining unearned portion of that vesting tranche and other vesting tranches in subsequent quarters based on future stock price performance. For example, if the VWAP Average for a 20 consecutive trading day period at the end of Q3 2026 is $27.85 (and did not exceed $25.70 in a prior calendar quarter), which is exactly halfway (or 50%) between the minimum and maximum highest 20-day VWAP of Tranche 1, the executive will vest into 12.5% of the executive’s TVR Award (50% of the 25% available in Tranche 1) based on the Q3 2026 performance, subject to also satisfying the continued employment vesting condition. The remaining 12.5% of the TVR Award available for the Tranche 1 VWAP price range (in addition to portions of the TVR Award covered by Tranches 2, 3 and 4) will then remain available for vesting in subsequent calendar quarters within the Measurement Period if the 20-day VWAP in such future quarter exceeds $27.85. Once shares are vested for a particular VWAP price threshold, additional TVR Award shares may only vest for achievement of higher VWAP levels in subsequent calendar quarters before the end of the Measurement Period.
An executive generally must remain actively employed through the last day of a calendar quarter in order to vest in any incremental portion of the TVR Award based on stock price performance within that calendar quarter, provided that in the event of an executive’s termination due to death or disability within a calendar quarter, the executive will remain eligible to vest in the incremental portion of the TVR Award that is earned for that calendar quarter based on actual stock price performance. Vested TVR Award shares generally must be retained by the executive for twelve months after the vested shares are received, subject to certain exceptions in the case of death, disability, estate planning transfers or a change in control.
The Measurement Period will end automatically upon the occurrence of a change in control, and the Company’s stock price achieved upon such change in control will be deemed to equal the 20-day VWAP for that calendar quarter if the change in control stock price exceeds the actual highest achieved 20-day VWAP for that calendar quarter.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
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| 99.1 | |
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| 104 | Cover 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.
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| | | ALIGHT, INC. |
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| Date: | August 4, 2026 | By: | /s/ Martin Felli |
| | | Martin Felli, Chief Legal Officer and Corporate Secretary |