Company: ALIT
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001809104-25-000159
Chunk: 54

Company: Alight, Inc. / Delaware
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 54
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. and was renamed Alight Group, Inc. As a result of the Business Combination, and by virtue of such series of mergers and related transactions, the combined company is now organized in an “Up-C” structure, in which substantially all of the assets and business of Alight are held by Alight Holdings, of which Alight is the managing member pursuant to the terms of the Alight Holdings Operating Agreement (as defined below) that went into effect upon the completion of the Business Combination. As of December 31, 2024, Alight owned approximately 99% of th e economic interest in Alight Holdings but has 100% of the voting power and controls the management of Alight Holdings. Arrangements Involving Other Stockholders that Beneficially Own More than 5% of Any Class of Stock Transactions with Director and Executive Officer-Affiliated Entities We take very seriously any actual or perceived conflicts of interest, and critically evaluate all potential transactions and relationships that may involve directors or executive officers or entities affiliated with them. Some of our directors and executive officers are also affiliated with other entities. We may provide services to some of these entities and sometimes those entities provide services to us. Under our Related Party Transactions policy, transactions with director and executive officer affiliated entities must be pre-approved by the Audit Committee and any interested directors on the Audit Committee shall not participate in the approval process or vote, unless their input is directly requested. Ms. Meinhardt, who left the Board in March 2025, was an Executive Vice President of FNF until January 2024. During Fiscal 2024, we received revenue of $4.0 million from services provided to FNF. Mr. Goff, who left the Company in January 2025, is on the board of directors of InMoment, Inc. (“InMoment”). During Fiscal 2024, we paid $3.1 million for products and services we received from InMoment. These transactions were conducted on, and these services were provided or received, as applicable, on an arm’s-length basis. Aircraft Arrangement In the fiscal year ended December 31, 2023, we entered into an aircraft operating sublease agreement (the “Aircraft Sublease Agreement”) to sublease an aircraft from a statutory trust (the “Lessor Entity”), whose direct or indirect beneficial owner is Mr. Scholl, who then served as our CEO and a director of the Company, which agreement terminated on October 1, 2024. In Fiscal 2024