Business Context and Reporting Period
This Form 8-K was filed by Foley Trasimene Acquisition Corp. (not Alight, Inc.) on July 22, 2020. The registrant is a Delaware corporation and an emerging growth company. Its securities, including Class A common stock (WPF) and redeemable warrants (WPF WS), are listed on the New York Stock Exchange.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes rather than financial performance.
Material Changes
The primary material change reported is the departure of a senior officer and the appointment of a replacement:
- Resignation: Richard L. Cox resigned as Chief Financial Officer (CFO) effective July 22, 2020.
- Appointment: Bryan D. Coy was appointed as Chief Financial Officer effective July 22, 2020.
Management Commentary and Unusual Items
Compensation: Mr. Coy will not receive any compensation or benefits in his role as CFO of the Company. He is not a party to any related party transactions.
Background: Mr. Coy, age 50, concurrently serves as CFO of Cannae Holdings, Inc. and Black Knight Sports & Entertainment, LLC (owner of the Vegas Golden Knights). His prior experience includes roles at Foley Family Wines, Interblock Gaming, and Aruze Gaming America.
Investor Verification Checklist
- Verify the correct registrant name is Foley Trasimene Acquisition Corp., not Alight, Inc.
- Confirm the effective date of the CFO transition (July 22, 2020).
- Note that the new CFO is serving in an uncompensated capacity.
- Review the new CFO's concurrent roles at Cannae Holdings and Black Knight Sports & Entertainment for potential conflict of interest disclosures in future filings.