# EDGAR Filing Document

**Accession Number:** 0001809104
**File Stem:** 0001628280-25-049258
**Filing Date:** 2025-11
**Character Count:** 58684
**Document Hash:** 72635fcb1753fe9ed4d9e408f9f43458
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-049258.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001628280-25-049258

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alight, Inc. / Delaware
- **CENTRAL INDEX KEY:** 0001809104
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 850545098
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39299
- **FILM NUMBER:** 251451824

**BUSINESS ADDRESS:**
- **STREET 1:** 4 OVERLOOK POINT
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069
- **BUSINESS PHONE:** (702) 323-7330

**MAIL ADDRESS:**
- **STREET 1:** 4 OVERLOOK POINT
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alight Group, Inc.
- **DATE OF NAME CHANGE:** 20210707

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Foley Trasimene Acquisition Corp.
- **DATE OF NAME CHANGE:** 20200410

**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): November 5, 2025**

__________________________________________

**Alight, Inc.**

**(Exact name of Registrant as Specified in Its Charter)**

__________________________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39299** | **86-1849232** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**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:

□&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⌧&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□&nbsp;&nbsp;&nbsp;&nbsp;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**<br>**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 □

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. □

------

**Item 2.02 Results of Operations and Financial Condition.**

On November 5, 2025, Alight, Inc. ("Alight" or the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 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.

**Item 7.01 Regulation FD Disclosure.**

On November 5, 2025, the Company announced in a press release that the Board of Directors (the "Board") has approved, subject to the approval of the Company's stockholders, declassifying the Board, and intends to ask stockholders to vote at the 2026 annual meeting of stockholders on a proposal (the "Declassification Proposal") to approve amendments to the Company's Amended and Restated Certificate of Incorporation to effectuate the phased declassification of the Board. The press release is furnished as Exhibit 99.2 to this Report.

The information contained in Item 2.02 and Item 7.01 of this Report, including Exhibits 99.1 and 99.2 hereto, is being furnished pursuant to Item 2.02 and Item 7.01 of Form 8-K, respectively, 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 9.01 Financial Statements and Exhibits.**

(d)Exhibits.

---

| | |
|:---|:---|
| 99.1 | <u>[Press Release of the Company dated as of November 5, 2025 relating to the Company's financial results for the third quarter ended September 30, 2025](alit-20250930xexx991.htm)</u> |
| 99.2 | <u>[Press Release of the Company dated as of November 5, 2025 relating to the Declassification Proposal](alit-20250930xexx992.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**Additional Information**

The Company plans to file a proxy statement with the SEC in connection with the 2026 Annual Meeting and its solicitation of proxies for the Company's director nominees and for other matters to be voted on. The Company may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2026 Annual Meeting. ALIGHT STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain copies of the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC also may be obtained free of charge at Alight's investor relations website at https://investor.alight.com or by contacting the Company's investor relations department by email at investor.relations@alight.com.

**Certain Information Regarding Participants**

The Company, its directors, certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Alight stockholders in connection with the matters to be considered at the 2026 Annual Meeting. Information regarding the names of such directors and executive officers and their respective interests in Alight, by securities holdings or otherwise, is available in Alight's proxy statement for the Company's 2025 annual meeting of stockholders, which was filed with the SEC on <u>[April 22, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1809104/000180910425000159/alit-20250422.htm)</u> (the "2025 Proxy Statement"), including in the sections captioned "Executive Officers," "Executive Compensation" (including the sub-sections captioned "Compensation Discussion and Analysis" and "Summary Compensation Table"), "Proposal No. 1: Election of Directors," "Director Compensation," and "Security Ownership of Certain Beneficial Owners and Management." Please also refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on <u>[February 27, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1809104/000180910425000062/alit-20241231.htm)</u>, and the Company's Current Reports on Form 8-K filed with the SEC from time to time. To the extent that the Company's directors and executive officers have acquired or disposed of securities holdings since the applicable "as of" date discussed in the 2025 Proxy Statement, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4, Initial Statements of Beneficial Ownership on Form 3, or amendments to beneficial ownership reports on Schedules 13 D filed with the SEC, including: Form 4s filed by Russell Fradin on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000204/xslF345X05/wk-form4_1751490188.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1140933/000180910425000218/xslF345X05/wk-form4_1751923002.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1140933/000180910425000235/xslF345X05/wk-form4_1759442921.xml)</u>; Form 4s and 4/As filed by David Guilmette on <u>[May 8, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000176/xslF345X05/wk-form4_1746739865.xml)</u>, <u>[May 20, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000180/xslF345X05/wk-form4_1747778566.xml)</u>, <u>[May 23, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000182/xslF345X05/wk-form4a_1748034948.xml)</u>, <u>[July 8, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000221/xslF345X05/wk-form4a_1752013938.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000233/xslF345X05/wk-form4_1759442825.xml)</u>; Form 4s filed by William Foley on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000205/xslF345X05/wk-form4_1751490311.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/903213/000180910425000219/xslF345X05/wk-form4_1751923034.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/903213/000180910425000239/xslF345X05/wk-form4_1759443073.xml)</u>; Form 4 filed by Michael Hayes on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000210/xslF345X05/wk-form4_1751922627.xml)</u>; Form 4s filed by Robert Lopes on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000207/xslF345X05/wk-form4_1751490522.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000216/xslF345X05/wk-form4_1751922929.xml)</u>, <u>[August 8, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000162828025039148/xslF345X05/wk-form4_1754662946.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000234/xslF345X05/wk-form4_1759442887.xml)</u>; Form 4

------

filed by Siobhan Nolan Mangini on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000213/xslF345X05/wk-form4_1751922767.xml)</u>; Form 4s filed by Richard Massey on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000206/xslF345X05/wk-form4_1751490380.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1348380/000180910425000217/xslF345X05/wk-form4_1751922965.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1348380/000180910425000238/xslF345X05/wk-form4_1759443044.xml)</u>; Form 4 filed by Kausik Rajgopal on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000212/xslF345X05/wk-form4_1751922727.xml)</u>; Form 4s filed by Coretha Rushing on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000208/xslF345X05/wk-form4_1751490592.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1362321/000180910425000215/xslF345X05/wk-form4_1751922867.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1362321/000180910425000236/xslF345X05/wk-form4_1759442980.xml)</u>; Form 4s filed by Robert Schriesheim on <u>[June 24, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000199/xslF345X05/wk-form4_1750801619.xml)</u> and <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1281910/000180910425000220/xslF345X05/wk-form4_1751923079.xml)</u>; Form 4s filed by Denise Williams on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000209/xslF345X05/wk-form4_1751490707.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1730708/000180910425000214/xslF345X05/wk-form4_1751922827.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1730708/000180910425000237/xslF345X05/wk-form4_1759443014.xml)</u>; Form 3 filed by Donna Dorsey on <u>[June 5, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000193/xslF345X02/wk-form3_1749159144.xml)</u> and Form 4 filed by Donna Dorsey on <u>[August 18, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000199861925000003/xslF345X05/wk-form4_1755551280.xml)</u>; Form 4 filed by Deepika Duggirala on <u>[August 19, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000205054925000003/xslF345X05/wk-form4_1755637253.xml)</u>; Form 3 filed by David Essary on <u>[May 19, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000178/xslF345X02/wk-form3_1747691446.xml)</u> and Form 4 filed by David Essary on <u>[August 18, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000206893125000003/xslF345X05/wk-form4_1755551009.xml)</u>; Form 4 filed by Martin Felli on <u>[September 4, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000196213425000003/xslF345X05/wk-form4_1757021418.xml)</u>; and Form 3 filed by Stephen Rush on <u>[October 20, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000242/xslF345X02/wk-form3_1760999254.xml)</u>. Additional information regarding the interests of participants in the solicitation of proxies in respect of the 2026 Annual Meeting will be included in the proxy statement.

------

**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: | November 5, 2025 | By: | /s/ Martin Felli |
|  |  |  | Martin Felli, Chief Legal Officer and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![alight.jpg](alight.jpg)

**Alight Reports Third Quarter 2025 Results** 

***– Revenue of $533 million –***

***– $2.25 billion of 2025 revenue under contract –***

***– Key wins with MetLife, Cintas and Mass General Brigham –***

**CHICAGO, IL –** November 5, 2025 **–** Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the third quarter ended September 30, 2025.

"I am pleased with our ability to deliver enhanced outcomes for clients and their people, with participant satisfaction at record levels since the end of our technology transformation," said CEO Dave Guilmette. "We have seen a favorable step-change in accelerating our client management and delivery capabilities, and reimagining the client and participant experience in line with our long-term strategy. Through our AI and automation investments and rapidly expanding partner collaborations, we are bringing immediate benefits to clients and strengthening our competitive advantages for the long run."

**Presentation of Results**

**Third Quarter 2025 Highlights** (all comparisons are relative to third quarter 2024)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue decreased 4.0% to $533 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross profit of $178 million and gross profit margin of 33.4%, compared to $174 million and 31.4%, respectively, and adjusted gross profit of $206 million and adjusted gross profit margin of 38.6%, compared to $200 million and 36.0%, respectively

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net loss of $1,055 million compared to net loss of $44 million, primarily driven by the $1,338 million non-cash goodwill impairment charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA improved to $138 million from $118 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Diluted loss per share of $2.00 compared to diluted loss per share of $0.08, and adjusted diluted earnings per share of $0.12 compared to $0.09 per share

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New wins or expanded relationships with companies including MetLife, Cintas and Mass General Brigham

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Repurchased $25 million of common stock under existing share repurchase program

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Declared and paid a $0.04 per share dividend

**Third Quarter 2025 Results** 

Revenue decreased 4.0% to $533 million, as compared to $555 million in the prior year period. The change was primarily due to lower project revenue, net commercial activity and an approximately $4 million impact from the finalization of the commercial agreement related to the 2024 divestiture of the Payroll and Professionals Services business. Recurring revenues were 91.7% of total revenue.

------

Gross profit was $178 million, or 33.4% of revenue, compared to $174 million, or 31.4% of revenue in the prior year period. The change in gross profit was primarily attributable to a reduction in compensation expenses and productivity savings.

Selling, general and administrative expenses improved $55 million when compared to the prior year period. This was due to lower professional fees incurred related to the sale and separation of the Payroll and Professional Services business, a reduction in compensation expenses and productivity savings.

During the quarter, the Company recognized a non-cash goodwill impairment charge of $1,338 million after evaluating current business trends and market valuation of the Company. This non-cash charge does not impact day-to-day operations.

Interest expense of $24 million increased $5 million from the prior year period. The increase was primarily due to lower interest income in the current year and a non-cash gain on extinguishment from the partial debt paydown in 2024.

The Company's loss from continuing operations before income tax was $1,253 million compared to a loss from continuing operations before income tax of $53 million in the prior year period. This was primarily attributable to the non-cash goodwill impairment charge, partially offset by non-operating fair value remeasurements of financial instruments and the tax receivable agreement and lower selling, general and administrative expenses.

**Balance Sheet Highlights**

As of September 30, 2025, the Company's cash and cash equivalents balance was $205 million, total debt was $2,010 million and total debt net of cash and cash equivalents was $1,805 million.

**Subsequent Event**

The Company 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 December 15, 2025 to shareholders of record as of the close of business on December 1, 2025.

**Business Outlook**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue of $2,252 million to $2,282 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA of $595 million to $620 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted diluted EPS of $0.54 to $0.58

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Free cash flow of $225 million to $250 million

Reconciliations of the historical financial measures used in this press release that are not recognized under U.S. generally accepted accounting principles ("GAAP") are included below. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

**Earnings Conference Call and Webcast Information**

A conference call to discuss the Company's third quarter 2025 financial results is scheduled for today, November 5, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Interested parties can access the live webcast and accompanying presentation materials by logging on to the Investor Relations section on the Company's website at http://investor.alight.com. A replay of the conference call and the accompanying presentation materials will be available on the investor relations website for approximately 90 days.

------

**About Alight Solutions**

Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and 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 unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife<sup>®</sup> platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life's most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at alight.com.

**<u>Contacts</u>**

**Investors:**

Jeremy Cohen

investor.relations@alight.com

**Media:**

Mariana Fischbach

mariana.fischbach@alight.com

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expected revenue under contract, statements related to our client management and delivery capabilities, our AI and automation investments, our partner collaborations, our ability to remain competitive and statements related to the expectations regarding the performance and outlook for Alight's business, financial results, liquidity and capital resources, including statements in the "Business Outlook" section of this press release. In some cases, these forward-looking statements can be identified by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "would," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks related to our ability to successfully execute the next phase of our strategic transformation, including our ability to effectively and appropriately separate the Payroll and Professional Services business, risks related to declines in economic activity in the industries, markets, and regions our clients serve, including as a result of macroeconomic factors beyond our control, heightened interest rates or changes in monetary, trade and fiscal policies, competition in our industry, risks related to cyber-attacks and security vulnerabilities and other significant disruptions in our information technology systems and networks, risks related to our ability to maintain the security and privacy of confidential, personal or proprietary data, risks related to actions or proposals from activist stockholders, and risks related to our compliance with applicable laws and regulations, including changes thereto. Additional factors that could cause Alight's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of Alight's Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 27, 2025, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight's filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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**Non-GAAP Financial Measures and Other Information**

The Company refers to certain non-GAAP financial measures in this press release, including: Adjusted EBITDA From Continuing Operations, Adjusted EBITDA Margin From Continuing Operations, Adjusted Net Income From Continuing Operations, Adjusted Diluted Earnings Per Share From Continuing Operations, Free Cash Flow, Adjusted Gross Profit and Adjusted Gross Profit Margin. Please see below for additional information and for reconciliations of such non-GAAP financial measures. The presentation of non-GAAP financial measures is used to enhance our investors' and lenders' understanding of certain aspects of our financial performance. This discussion is not meant to be considered in isolation, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Adjusted EBITDA From Continuing Operations, which is defined as earnings from continuing operations before interest, taxes, depreciation and intangible amortization adjusted for the impact of certain non-cash and other items, including goodwill impairments, that we do not consider in the evaluation of ongoing operational performance. Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations divided by revenue. Both Adjusted EBITDA From Continuing Operations and Adjusted EBITDA Margin From Continuing Operations are non-GAAP financial measures used by management and our stakeholders to provide useful supplemental information that enables a better comparison of our performance across periods as well as to evaluate our core operating performance.

Adjusted Net Income From Continuing Operations, which is defined as net income (loss) from continuing operations adjusted for intangible amortization and the impact of certain non-cash items, including goodwill impairments, that we do not consider in the evaluation of ongoing operational performance, is a non-GAAP financial measure used solely for the purpose of calculating Adjusted Diluted Earnings Per Share From Continuing Operations.

Adjusted Diluted Earnings Per Share From Continuing Operations is defined as Adjusted Net Income From Continuing Operations divided by the adjusted weighted-average number of shares of Alight Inc. common stock, diluted. Adjusted Diluted Earnings Per Share From Continuing Operations is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors.

Free Cash Flow is defined as cash provided by operating activities net of capital expenditures. Management believes that free cash flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to repay debt obligations, make strategic acquisitions and investments and for certain other activities such as dividends and stock repurchases.

Adjusted Gross Profit is defined as revenue less cost of services adjusted for depreciation, amortization and share-based compensation, and Adjusted Gross Profit Margin is defined as Adjusted Gross Profit divided by revenue. Management uses Adjusted Gross Profit and Adjusted Gross Profit Margin as key measures in making financial, operating and planning decisions and in evaluating our performance. We believe that presenting Adjusted Gross Profit and Adjusted Gross Profit Margin is useful to investors as it eliminates the impact of certain non-cash expenses and allows a direct comparison between periods.

Revenue Under Contract is an operational metric that represents management's estimate of anticipated revenue expected to be recognized in the period referenced based on available information that includes historical client contracting practices. The metric does not reflect potential future events such as unexpected client volume fluctuations, early contract terminations or early contract renewals. Our metric may differ from similar terms used by other companies and therefore comparability may be limited.

------

**Condensed Consolidated Statements of Income (Loss)**

***(Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| (in millions, except per share amounts) | **2025** | **2024** | **2025** | **2024** |
| **Revenue** | $533 | $555 | $1609 | $1652 |
| Cost of services, exclusive of depreciation and amortization | 327 | 358 | 1003 | 1059 |
| Depreciation and amortization | 28 | 23 | 81 | 70 |
| **Gross Profit** | 178 | 174 | 525 | 523 |
| **Operating Expenses** |  |  |  |  |
| Selling, general and administrative | 87 | 142 | 321 | 434 |
| Depreciation and intangible amortization | 75 | 74 | 223 | 223 |
| Goodwill impairment | 1338 |  | 2321 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Operating expenses | 1500 | 216 | 2865 | 657 |
| **Operating Income (Loss) From Continuing Operations** | (1322) | (42) | (2340) | (134) |
| **Other (Income) Expense** |  |  |  |  |
| (Gain) Loss from change in fair value of financial instruments | (19) | (23) | 1 | (54) |
| (Gain) Loss from change in fair value of tax receivable agreement | (66) | 27 | (34) | 51 |
| Interest expense | 24 | 19 | 68 | 83 |
| Other (income) expense, net | (8) | (12) | (26) | (11) |
| Total Other (income) expense, net | (69) | 11 | 9 | 69 |
| **Income (Loss) From Continuing Operations Before Taxes** | (1253) | (53) | (2349) | (203) |
| Income tax expense (benefit) | (198) | (9) | (204) | (34) |
| **Net Income (Loss) From Continuing Operations** | (1055) | (44) | (2145) | (169) |
| **Net Income (Loss) From Discontinued Operations, Net of Tax** | (13) | (30) | (22) | 2 |
| **Net Income (Loss)** | (1068) | (74) | (2167) | (167) |
| Net income (loss) attributable to noncontrolling interests | (1) |  | (2) | (2) |
| **Net Income (Loss) Attributable to Alight, Inc.** | $(1067) | $(74) | $(2165) | $(165) |
| **Earnings (Loss) Per Share** |  |  |  |  |
| **Basic and Diluted** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Continuing operations | $(2.00) | $(0.08) | $(4.05) | $(0.31) |
| &nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations | $(0.02) | $(0.06) | $(0.04) | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income (Loss) | $(2.02) | $(0.14) | $(4.09) | $(0.31) |

---

------

**Condensed Consolidated Balance Sheets**

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| | **September 30,<br>2025** | **December 31,<br>2024** |
| (in millions, except par values) |  |  |
| **Assets** |  |  |
| &nbsp;&nbsp;**Current Assets** |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | $205 | $343 |
| &nbsp;&nbsp;Receivables, net | 399 | 471 |
| &nbsp;&nbsp;Other current assets | 175 | 214 |
| &nbsp;&nbsp;Fiduciary assets | 227 | 239 |
| &nbsp;&nbsp;&nbsp;**Total Current Assets** | 1006 | 1267 |
| &nbsp;&nbsp;Goodwill | 886 | 3212 |
| &nbsp;&nbsp;Intangible assets, net | 2644 | 2855 |
| &nbsp;&nbsp;Fixed assets, net | 387 | 396 |
| &nbsp;&nbsp;Deferred tax assets, net | 236 | 41 |
| &nbsp;&nbsp;Other assets | 379 | 422 |
| **Total Assets** | $5538 | $8193 |
| **Liabilities and Stockholders' Equity** |  |  |
| **Liabilities** |  |  |
| &nbsp;&nbsp;**Current Liabilities** |  |  |
| &nbsp;&nbsp;Accounts payable and accrued liabilities | $248 | $355 |
| &nbsp;&nbsp;Current portion of long-term debt, net | 20 | 25 |
| &nbsp;&nbsp;Other current liabilities | 334 | 273 |
| &nbsp;&nbsp;Fiduciary liabilities | 227 | 239 |
| &nbsp;&nbsp;&nbsp;**Total Current Liabilities** | 829 | 892 |
| &nbsp;&nbsp;Deferred tax liabilities | 11 | 22 |
| &nbsp;&nbsp;Long-term debt, net | 1990 | 2000 |
| &nbsp;&nbsp;Long-term tax receivable agreement | 559 | 757 |
| &nbsp;&nbsp;Financial instruments | 2 | 51 |
| &nbsp;&nbsp;Other liabilities | 143 | 158 |
| **Total Liabilities** | $3534 | $3880 |
| **Commitments and Contingencies** |  |  |
| **Stockholders' Equity** |  |  |
| &nbsp;&nbsp;Preferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding | $— | $— |
| &nbsp;&nbsp;Class A Common Stock: $0.0001 par value, 1,000.0 shares authorized; 565.2 and 560.5 shares issued, and 522.6 and 531.7 shares outstanding as of September 30, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;Class B Common Stock: $0.0001 par value, 20.0 shares authorized; 9.9 and 10.0 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;Class V Common Stock: $0.0001 par value, 175.0 shares authorized; 0.5 and 0.5 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;Class Z Common Stock: $0.0001 par value, 12.9 shares authorized; 0.0 and 0.0 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;Treasury stock, at cost (42.6 and 28.8 shares at September 30, 2025 and December 31, 2024, respectively) | (284) | (219) |
| &nbsp;&nbsp;Additional paid-in-capital | 5081 | 5141 |
| &nbsp;&nbsp;Accumulated deficit | (2825) | (660) |
| &nbsp;&nbsp;Accumulated other comprehensive income | 30 | 47 |
| &nbsp;&nbsp;**Total Alight, Inc. Stockholders' Equity** | $2002 | $4309 |
| &nbsp;&nbsp;Noncontrolling interest | 2 | 4 |
| &nbsp;&nbsp;**Total Stockholders' Equity** | $2004 | $4313 |
| **Total Liabilities and Stockholders' Equity** | $5538 | $8193 |

---

------

**Condensed Consolidated Statements of Cash Flows**

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| (in millions) | **2025** | **2024** |
| **Operating activities:** |  |  |
| &nbsp;&nbsp;Net Income (Loss) From Continuing Operations | $(2145) | $(169) |
| &nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 93 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible asset amortization | 211 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noncash lease expense | 5 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financing fee and premium amortization | 1 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation expense | 14 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss from change in fair value of financial instruments | 1 | (54) |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss from change in fair value of tax receivable agreement | (34) | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;Release of unrecognized tax provision |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax expense (benefit) | (197) | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill impairment | 2321 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 11 | (4) |
| &nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 72 | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | (96) | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities | (21) | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash provided by operating activities - continuing operations | 236 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash provided by operating activities - discontinued operations |  | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by operating activities** | $236 | $134 |
| **Investing activities:** |  |  |
| Net proceeds from sale of business | (13) | 972 |
| Capital expenditures | (85) | (95) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash provided by (used in) investing activities - continuing operations | (98) | 877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash used in investing activities - discontinued operations |  | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by (used in) investing activities** | $(98) | $866 |
| **Financing activities:** |  |  |
| Dividend payments | (65) |  |
| Net increase (decrease) in fiduciary liabilities | (12) | 28 |
| Repayments to banks | (15) | (759) |
| Principal payments on finance lease obligations | (17) | (22) |
| Payments on tax receivable agreements | (100) | (62) |
| Tax payment for shares/units withheld in lieu of taxes | (12) | (58) |
| Repurchase of shares | (65) | (155) |
| Other financing activities | (2) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash used for financing activities - continuing operations | (288) | (1028) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash provided by (used in) financing activities - discontinued operations |  | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Cash provided by (used in) financing activities** | $(288) | $(1006) |
| **Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations** |  | 1 |
| **Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations** |  | (3) |
| **Net increase (decrease) in cash, cash equivalents and restricted cash** | (150) | (8) |
| **Cash, cash equivalents and restricted cash balances from:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Continuing operations - beginning of year** | $582 | $558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Discontinued operations - beginning of year** |  | 1201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Less fiduciary cash transferred with sale of business** |  | 1189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Continuing operations - end of period** | $432 | $562 |

---

------

**Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted EBITDA from Continuing Operations *(Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| (in millions) | **2025** | **2024** | **2025** | **2024** |
| **Net Income (Loss) From Continuing Operations** | $(1055) | $(44) | $(2145) | $(169) |
| Interest expense | 24 | 19 | 68 | 83 |
| Income tax expense (benefit) | (198) | (9) | (204) | (34) |
| Depreciation | 33 | 27 | 93 | 83 |
| Intangible amortization | 70 | 70 | 211 | 210 |
| **EBITDA From Continuing Operations** | (1126) | 63 | (1977) | 173 |
| Share-based compensation | 3 | 11 | 14 | 59 |
| Transaction and integration expenses <sup>(2)</sup> | 4 | 21 | 12 | 57 |
| Restructuring | 4 | 12 | 44 | 45 |
| (Gain) Loss from change in fair value of financial instruments | (19) | (23) | 1 | (54) |
| (Gain) Loss from change in fair value of tax receivable agreement | (66) | 27 | (34) | 51 |
| Goodwill impairment and other <sup>(3)</sup> | 1338 | 7 | 2323 | 8 |
| **Adjusted EBITDA From Continuing Operations** <sup>(1)</sup> | $138 | $118 | $383 | $339 |
| Revenue | $533 | $555 | $1609 | $1652 |
| **Adjusted EBITDA Margin From Continuing Operations** <sup>(4)</sup> | 25.9% | 21.3% | 23.8% | 20.5% |

---

(1)Adjusted EBITDA excludes the impact of discontinued operations

(2)Transaction and integration expenses primarily relate to acquisition and divestiture activities.

(3)Goodwill impairment and other primarily includes $1,338 million and $2,321 million non-cash goodwill impairment charges for the three and nine months ended September 30, 2025, respectively.

(4)Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations as a percentage of revenue.

------

**Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted Net Income and Adjusted Diluted Earnings per Share From Continuing Operations *(Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| (in millions, except share and per share amounts) |  |  |  |  |
| **Numerator:** |  |  |  |  |
| Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. <sup>(1)</sup> | $(1054) | $(44) | $(2143) | $(167) |
| Conversion of noncontrolling interest | (1) |  | (2) | (2) |
| Intangible amortization | 70 | 70 | 211 | 210 |
| Share-based compensation | 3 | 11 | 14 | 59 |
| Transaction and integration expenses <sup>(2)</sup> | 4 | 21 | 12 | 57 |
| Restructuring | 4 | 12 | 44 | 45 |
| (Gain) Loss from change in fair value of financial instruments | (19) | (23) | 1 | (54) |
| (Gain) Loss from change in fair value of tax receivable agreement | (66) | 27 | (34) | 51 |
| Goodwill impairment and other <sup>(3)</sup> | 1338 | 6 | 2323 | 8 |
| Tax effect of adjustments <sup>(4)</sup> | (217) | (32) | (256) | (73) |
| **Adjusted Net Income From Continuing Operations** | $62 | $48 | $170 | $134 |
| **Denominator:** |  |  |  |  |
| Weighted average shares outstanding - basic | 526576757 | 535828896 | 529206657 | 545659335 |
| &nbsp;&nbsp;Dilutive effect of the exchange of noncontrolling interest units |  |  |  | 560433 |
| &nbsp;&nbsp;Dilutive effect of RSUs |  |  |  |  |
| Weighted average shares outstanding - diluted | 526576757 | 535828896 | 529206657 | 546219768 |
| &nbsp;&nbsp;Exchange of noncontrolling interest units<sup>(5)</sup> | 510115 | 663057 | 510115 | 2189169 |
| &nbsp;&nbsp;Impact of unvested RSUs<sup>(6)</sup> | 8289609 | 7358510 | 8289609 | 7358510 |
| **Adjusted shares of Class A Common Stock outstanding - diluted**<sup>(7)(8)</sup> | 535376481 | 543850463 | 538006381 | 555767447 |
| **Basic (Net Loss) Earnings Per Share From Continuing Operations** | $(2.00) | $(0.08) | $(4.05) | $(0.31) |
| **Diluted (Net Loss) Earnings Per Share From Continuing Operations** | $(2.00) | $(0.08) | $(4.05) | $(0.31) |
| **Adjusted Diluted Earnings Per Share From Continuing Operations** | $0.12 | $0.09 | $0.32 | $0.24 |

---

(1)Excludes the impact of discontinued operations.

(2)Transaction and integration expenses primarily relate to acquisition and divestiture activities.

(3)Goodwill impairment and other primarily includes $1,338 million and $2,321 million non-cash goodwill impairment charges for the three and nine months ended September 30, 2025, respectively.

(4)Income tax effects have been calculated based on the statutory tax rates for both U.S. and foreign jurisdictions based on the Company's mix of income and adjusted for significant changes in fair value measurement.

(5)Assumes the full exchange of the units held by noncontrolling interests for shares of Class A Common Stock of Alight, Inc. pursuant to the exchange agreement.

(6)Includes non-vested time-based restricted stock units that were determined to be antidilutive for U.S. GAAP diluted earnings per share purposes.

(7)Excludes two tranches of contingently issuable seller earnout shares: (i) 7.5 million shares will be issued if the Company's Class A Common Stock's volume-weighted average price ("VWAP") is >$12.50 for any 20 trading days within a consecutive period of 30 trading days; (ii) 7.5 million shares will be issued if the Company's Class A Common Stock VWAP is >$15.00 for any 20 trading days within a consecutive period of 30 trading days. Both tranches have a seven-year duration.

(8)Excludes approximately 1.2 million and 10.2 million performance-based units, which represents the gross number of shares expected to vest based on achievement of performance conditions as of September 30, 2025 and 2024, respectively.

------

**Gross Profit to Adjusted Gross Profit Reconciliation**

***(Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| ($ in millions) | **2025** | **2024** | **2025** | **2024** |
| **Gross Profit** | $178 | $174 | $525 | $523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: stock-based compensation |  | 3 | 5 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: depreciation and amortization | 28 | 23 | 81 | 70 |
| **Adjusted Gross Profit** | $206 | $200 | $611 | $604 |
| **Gross Profit Margin** | 33.4% | 31.4% | 32.6% | 31.7% |
| **Adjusted Gross Profit Margin** | 38.6% | 36.0% | 38.0% | 36.6% |

---

**Free Cash Flow Reconciliation**

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| ($ in millions) | **2025** | **2024** |
| &nbsp;&nbsp;**Non-GAAP free cash flow reconciliation:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash provided by operating activities - continuing operations | $236 | $75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | (85) | (95) |
| &nbsp;&nbsp;**Non-GAAP free cash flow** | $151 | $(20) |

---

**Other Select Financial Data**

***(Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| ($ in millions) | **2025** | **2024** | **2025** | **2024** |
| **<u>Revenue Disaggregation</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Recurring | $489 | $504 | $1501 | $1518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Project | 44 | 51 | 108 | 134 |
| Total revenue | $533 | $555 | $1609 | $1652 |
| BPaaS revenue | $123 | $121 | $373 | $353 |
| **<u>Gross Profit</u>** |  |  |  |  |
| Total gross profit | $178 | $174 | $525 | $523 |
| Total gross margin | 33.4% | 31.4% | 32.6% | 31.7% |
| **<u>Adjusted Gross Profit</u>** |  |  |  |  |
| Total adjusted gross profit | $206 | $200 | $611 | $604 |
| Total adjusted gross margin percent | 38.6% | 36.0% | 38.0% | 36.6% |
| **<u>Adjusted EBITDA From Continuing Operations</u>** |  |  |  |  |
| Adjusted EBITDA From Continuing Operations | $138 | $118 | $383 | $339 |
| Adjusted EBITDA Margin From Continuing Operations | 25.9% | 21.3% | 23.8% | 20.5% |
| **<u>Free Cash Flow</u>** |  |  |  |  |
| Free Cash Flow From Continuing Operations |  |  | $151 | $(20) |

---

## Exhibit 99.2

**Exhibit 99.2**

**Alight to Seek Stockholder Approval for Declassification**

*Alight's Board of Directors Unanimously Votes to Seek Stockholder Approval for Declassification of Board at the 2026 Annual Meeting of Stockholders*

**CHICAGO, IL –** November 5, 2025 – Alight, Inc. (the "Company" or "Alight") (NYSE: ALIT), a leading cloud-based human capital and technology-enabled services provider, announced that its Board of Directors has approved declassifying the Board and intends to ask stockholders to vote on a proposal to approve amendments to the Company's Certificate of Incorporation to effectuate the phased declassification of the Board (the "Declassification Proposal") at the 2026 annual meeting of stockholders (the "2026 Annual Meeting"). The Declassification Proposal is responsive to feedback the Company has received from its stockholders that annually elected boards increase accountability of directors to a company's stockholders and that shifting from classified boards to the annual election of directors reflects governance best practices.

"The decision to seek stockholder approval to declassify the Board is one that we have been considering for some time and is reflective of the meaningful engagement we have had with many key stakeholders, including our investors," said Russ Fradin, Chairman of Alight's Board. "This proposed change continues a trend of important governance enhancements, including the significant refreshment of the Board over the past 24 months and the evolution of our long-term compensation practices, which we believe continue to be more closely aligned with stockholder interests. Our Board will continue to act in the best interests of Alight and its stockholders."

The Declassification Proposal will be detailed in the Company's 2026 proxy statement, which will be filed with the Securities and Exchange Commission (the "SEC") in advance of the 2026 Annual Meeting expected to be held in the second quarter of 2026. The Company's directors are currently divided into three classes, with the members serving staggered three-year terms. If stockholders approve the proposal, directors elected at the Company's 2027 annual meeting of stockholders and thereafter will be elected to one-year terms.

**Additional Information**

The Company plans to file a proxy statement with the SEC in connection with the 2026 Annual Meeting and its solicitation of proxies for the Company's director nominees and for other matters to be voted on. The Company may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2026 Annual Meeting. ALIGHT STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain copies of the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC also may be obtained free of charge at Alight's investor relations website at https://investor.alight.com or by contacting the Company's investor relations department by email at investor.relations@alight.com.

**Certain Information Regarding Participants**

The Company, its directors, certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Alight stockholders in connection with the matters to be considered at the 2026 Annual Meeting. Information

------

regarding the names of such directors and executive officers and their respective interests in Alight, by securities holdings or otherwise, is available in Alight's proxy statement for the Company's 2025 annual meeting of stockholders, which was filed with the SEC on <u>[April 22, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1809104/000180910425000159/alit-20250422.htm)</u> (the "2025 Proxy Statement"), including in the sections captioned "Executive Officers," "Executive Compensation" (including the sub-sections captioned "Compensation Discussion and Analysis" and "Summary Compensation Table"), "Proposal No. 1: Election of Directors," "Director Compensation," and "Security Ownership of Certain Beneficial Owners and Management." Please also refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on <u>[February 27, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1809104/000180910425000062/alit-20241231.htm)</u>, and the Company's Current Reports on Form 8-K filed with the SEC from time to time. To the extent that the Company's directors and executive officers have acquired or disposed of securities holdings since the applicable "as of" date discussed in the 2025 Proxy Statement, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4, Initial Statements of Beneficial Ownership on Form 3, or amendments to beneficial ownership reports on Schedules 13 D filed with the SEC, including: Form 4s filed by Russell Fradin on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000204/xslF345X05/wk-form4_1751490188.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1140933/000180910425000218/xslF345X05/wk-form4_1751923002.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1140933/000180910425000235/xslF345X05/wk-form4_1759442921.xml)</u>; Form 4s and 4/As filed by David Guilmette on <u>[May 8, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000176/xslF345X05/wk-form4_1746739865.xml)</u>, <u>[May 20, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000180/xslF345X05/wk-form4_1747778566.xml)</u>, <u>[May 23, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000182/xslF345X05/wk-form4a_1748034948.xml)</u>, <u>[July 8, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000221/xslF345X05/wk-form4a_1752013938.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1535396/000180910425000233/xslF345X05/wk-form4_1759442825.xml)</u>; Form 4s filed by William Foley on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000205/xslF345X05/wk-form4_1751490311.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/903213/000180910425000219/xslF345X05/wk-form4_1751923034.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/903213/000180910425000239/xslF345X05/wk-form4_1759443073.xml)</u>; Form 4 filed by Michael Hayes on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000210/xslF345X05/wk-form4_1751922627.xml)</u>; Form 4s filed by Robert Lopes on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000207/xslF345X05/wk-form4_1751490522.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000216/xslF345X05/wk-form4_1751922929.xml)</u>, <u>[August 8, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000162828025039148/xslF345X05/wk-form4_1754662946.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000234/xslF345X05/wk-form4_1759442887.xml)</u>; Form 4 filed by Siobhan Nolan Mangini on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000213/xslF345X05/wk-form4_1751922767.xml)</u>; Form 4s filed by Richard Massey on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000206/xslF345X05/wk-form4_1751490380.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1348380/000180910425000217/xslF345X05/wk-form4_1751922965.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1348380/000180910425000238/xslF345X05/wk-form4_1759443044.xml)</u>; Form 4 filed by Kausik Rajgopal on <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000212/xslF345X05/wk-form4_1751922727.xml)</u>; Form 4s filed by Coretha Rushing on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000208/xslF345X05/wk-form4_1751490592.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1362321/000180910425000215/xslF345X05/wk-form4_1751922867.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1362321/000180910425000236/xslF345X05/wk-form4_1759442980.xml)</u>; Form 4s filed by Robert Schriesheim on <u>[June 24, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000199/xslF345X05/wk-form4_1750801619.xml)</u> and <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1281910/000180910425000220/xslF345X05/wk-form4_1751923079.xml)</u>; Form 4s filed by Denise Williams on <u>[July 2, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000209/xslF345X05/wk-form4_1751490707.xml)</u>, <u>[July 7, 2025](https://www.sec.gov/Archives/edgar/data/1730708/000180910425000214/xslF345X05/wk-form4_1751922827.xml)</u> and <u>[October 2, 2025](https://www.sec.gov/Archives/edgar/data/1730708/000180910425000237/xslF345X05/wk-form4_1759443014.xml)</u>; Form 3 filed by Donna Dorsey on <u>[June 5, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000193/xslF345X02/wk-form3_1749159144.xml)</u> and Form 4 filed by Donna Dorsey on <u>[August 18, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000199861925000003/xslF345X05/wk-form4_1755551280.xml)</u>; Form 4 filed by Deepika Duggirala on <u>[August 19, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000205054925000003/xslF345X05/wk-form4_1755637253.xml)</u>; Form 3 filed by David Essary on <u>[May 19, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000178/xslF345X02/wk-form3_1747691446.xml)</u> and Form 4 filed by David Essary on <u>[August 18, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000206893125000003/xslF345X05/wk-form4_1755551009.xml)</u>; Form 4 filed by Martin Felli on <u>[September 4, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000196213425000003/xslF345X05/wk-form4_1757021418.xml)</u>; and Form 3 filed by Stephen Rush on <u>[October 20, 2025](https://www.sec.gov/Archives/edgar/data/1809104/000180910425000242/xslF345X02/wk-form3_1760999254.xml)</u>. Additional information regarding the interests of participants in the solicitation of proxies in respect of the 2026 Annual Meeting will be included in the proxy statement.

**About Alight Solutions**

Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and 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 unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife<sup>®</sup> platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life's most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at alight.com.

**<u>Contacts</u>**

**Investors:**

Jeremy Cohen

investor.relations@alight.com

**Media:**

Mariana Fischbach

mariana.fischbach@alight.com

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