Company: ALIT
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001809104-25-000159
Chunk: 55

Company: Alight, Inc. / Delaware
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 55
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, we subleased the aircraft, on a non-exclusive basis, from the Lessor Entity. Pursuant to the Aircraft Sublease Agreement and the related Aircraft Services Agreement with Aircraft Services Group, Inc. (a third-party aircraft management company with no affiliation to the Company, Mr. Scholl or any of our executive officers) (“ASG”), the Company paid a fixed hourly rate to ASG which is inclusive of substantially all direct operating costs, expenses, fees, and charges incurred in connection with the Company’s operation of the aircraft during the rental period in which it operated the aircraft. Although Mr. Scholl was the primary Company passenger on the aircraft and generally used the aircraft when it was more practical than flying on scheduled commercial airlines, other members of management periodically utilized the aircraft. During Fiscal 2024, the Company made aggregate payments to ASG related to the aircraft of approximately $0.9 million plus a de minimis amount for registration fees and personal property taxes. The $0.9 million paid to ASG was used for aircraft operating costs.

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Transactions with 5% Holders From time to time, institutional investors, such as large investment management firms, mutual fund management organizations and other financial institutions, become beneficial owners (through aggregation of holdings of their affiliates) of 5% or more of voting securities of the Company, and, as a result, are considered a “related party” under the Policy. These organizations may provide services to the Company. In addition, the Company may provide services to these organizations. During Fiscal 2024, we recognized revenue of approximately $0.4 million and $1.6 million, respectively, for services we provided to entities affiliated with Blackstone and BlackRock, Inc. (“BlackRock”). We also paid $0.2 million for products and services we received from BlackRock. Each of these transactions was conducted on, and all of these services were provided on, an arm’s-length basis. Blackstone ceased to be a 5% holder of voting securities of the Company on January 5, 2024. On February 16, 2024, Starboard Value and Opportunity Master Fund, Ltd. (“Starboard V&O Fund,” and together with its affiliates, “Starboard”) notified the Company of its intent to nominate up to