Business Context and Reporting Period
This Form 8-K Current Report, filed on November 19, 2025, by Alight, Inc. (NYSE: ALIT), discloses significant executive leadership changes. The report details the departure of the current Chief Executive Officer and the appointment of a successor, effective January 1, 2026.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on executive compensation and personnel changes.
Material Changes and Executive Compensation
Departure of Dave Guilmette
- Role: Chief Executive Officer, Vice Chair, and Board Member.
- Effective Date: December 31, 2025.
- Reason: Termination without cause; explicitly stated as not related to any disagreement regarding operations, policies, or practices.
- Compensation: Post-employment payments and benefits are governed by his existing employment agreement (dated October 17, 2024, as amended). Specific figures are not restated in this filing but are referenced from a prior October 18, 2024, 8-K.
Appointment of Rohit Verma
- Role: Chief Executive Officer and Class I Director.
- Effective Date: January 1, 2026.
- Background: Former President and CEO of Crawford & Company (since May 2020); previously held executive roles at Zurich North America and McKinsey & Company.
- Employment Agreement Terms (Dated Nov 19, 2025):
- Base Salary: $900,000 annually.
- Target Annual Incentive: $1,800,000.
- One-Time Make-Whole Cash Bonus: $800,000.
- Sign-On Equity Grant: Up to $2,500,000 (grant date value) to replace forfeited awards from prior employer.
- Target Long-Term Incentive (2026): $5,400,000.
- Severance Provisions:
- 18 months' salary continuation (or 1.5x salary + target bonus if tied to a change of control).
- Pro-rated annual bonus based on performance.
- 18 months of company-paid COBRA coverage.
- Accelerated vesting of sign-on equity and partial/full vesting of other awards depending on termination circumstances.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary risk disclosed relates to the transition of leadership and the associated compensation obligations. The full text of the Employment Agreement will be filed as an exhibit to the 2025 Form 10-K.
Investor Verification Checklist
- Verify the specific severance terms for Dave Guilmette by reviewing the Form 8-K filed on October 18, 2024.
- Confirm the final vesting schedule and grant date value of Rohit Verma's sign-on equity once the full Employment Agreement is filed in the 2025 10-K.
- Monitor the transition timeline to ensure a seamless handover between December 31, 2025, and January 1, 2026.
- Review Rohit Verma's prior performance at Crawford & Company to assess strategic fit for Alight.