ALIT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-04

• At Alight's 2026 Annual Meeting of Stockholders held on June 10, 2026, stockholders approved a reverse stock split of Alight's outstanding common stock and a corresponding decrease in the number of authorized shares of each class and series of common stock (the "Reverse Stock Split"). On June 10, 20…

• (loss) per share, share-based compensation awards, outstanding Alight Holdings units and per share amounts contained in this Quarterly Report on Form 10-Q have been adjusted retroactively to reflect the Reverse Stock Split for all periods presented.

• revenue in the prior year and determining what percentage of that revenue is generated from those same clients for the same solutions in the subsequent year.

• Goodwill impairment consists of charges relating to Goodwill. We review goodwill for impairment annually on October 1st and more frequently if events or changes in circumstances indicate that an impairment may exist. If the carrying value of the reporting unit exceeds its fair value, the fair value …

• Selling, general and administrative expenses decreased $21 million, or 16.2%, for the three months ended June 30, 2026 primarily driven by lower severance and other restructuring costs.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Selling, general and administrative expenses increased $1 million, or 1.0%, for the three months ended March 31, 2026 and were consistent with the prior year period.

• There was no gain or loss related to the change in the fair value of financial instruments for the three months ended March 31, 2026 compared to a gain of $8 million for the prior year period. We are required to remeasure the financial instruments at the end of each reporting period and reflect a ga…

• The change in the fair value of the TRA resulted in a gain of $19 million for the three months ended March 31, 2026, an increase of $28 million compared to a loss of $9 million for the prior year period. The change in fair value was due to changes in the Company's assumptions related to the timing o…

• Interest expense increased $2 million for the three months ended March 31, 2026 as compared to the prior year period. The increase was due to higher interest expense net of swaps and lower interest income.

• Under the terms of the TSA as described in Note 4 "Discontinued Operations" within the Condensed Consolidated Financial Statements, the Company had provided technology infrastructure, risk and security, and various other corporate services to the Divested Business subsequent to the close. For the th…

Text added vs the prior filing · source: 10-Q · 2026-08-04

• On June 26, 2026, the Company’s Board of Directors approved an amendment and restatement of the Company’s amended and restated bylaws (as amended, the “Bylaws”), effective June 30, 2026, to, among other things, add certain procedural and informational requirements for stockholders that intend to use…

• The amendments require stockholders or any proponent persons who intend to engage in a solicitation with respect to a director nomination pursuant to the Bylaws to provide to the Company (i) a statement disclosing the name of each participant in such solicitation (as defined in Item 4 of Schedule 14…

• In addition, the amendments provide that any stockholder soliciting proxies from other stockholders must use a proxy card color other than white, which color is reserved for the exclusive use by the Board of Directors.

• Finally, the Bylaws set forth certain procedures for stockholders who attempt but fail to comply with the Universal Proxy Rule, including the ability of the Company to disregard any proxies or votes solicited for any related nominees.

• The foregoing description is qualified in its entirety by reference to the Bylaws, which are attached hereto as Exhibit 3.2 and incorporated herein by reference.