Company: ALIT
Filing Date: 2025-02-20
Form Type: 8-K
Source: 0001809104-25-000053
Chunk: 1

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-20
Form: 8-K
Item: Item 5.02
Chunk 1
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 Mr. Fradin to any Board committees at this time.

Each of Messrs. Fradin, Hayes, Lopes and Schriesheim has no family relationship with any director or executive officer of the Company and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Fradin was designated to the Board by the Sponsor Designator (as such term is defined in the Investor Rights Agreement) in accordance with the Investor Rights Agreement, dated as of July 2, 2021 (as amended, the “ Investor Rights Agreement”), described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 12, 2021. There is no arrangement or understanding between Messrs. Hayes, Lopes or Schriesheim and any other person pursuant to which any of them was selected as a director.

Additionally, on February 13, 2025, the Board, upon recommendation of the Compensation Committee, approved revisions to the compensation program for non-employee directors (as revised, the “ Director Compensation Program”). Pursuant to the Director Compensation Program, eligible directors (including Messrs. Hayes, Lopes and Schriesheim) will receive an annual cash retainer of $85,000 and an annual equity retainer of $200,000, and the Chair of the Board (Mr. Fradin) will receive an annual cash retainer of $200,000 and an annual equity retainer of $300,000, in each case prorated for the applicable dates of service. Additionally, members of the Audit Committee (including Messrs. Hayes, Lopes and Schriesheim) will receive an additional annual cash retainer of $15,000 and members of the Compensation Committee (including Messrs. Hayes and Schriesheim) and of the Nominating and Corporate Governance Committee (including Mr. Lopes) will receive an additional annual cash retainer of $10,000. The Director Compensation Program will apply to Messrs. Fradin, Hayes, Lopes and Schriesheim as of the Effective Date and will become effective for continuing directors on April 1, 2025. In connection with his appointment as Chair of the Board, Mr. Fradin will also receive an additional grant of restricted stock units having a value of $500,000.

Item 7.01 Regulation FD Disclosure.