Alight, Inc. reported second quarter 2026 financial results with revenue of $511 million, a 3.2% decrease from the prior year period. The company posted a net loss of $10 million and adjusted EBITDA of $92 million, down from $127 million in the previous year. Year-to-date cash from operations was $152 million with free cash flow of $101 million. As of June 30, 2026, Alight held $215 million in cash and $1,996 million in total debt. The company provided full-year revenue guidance between $2,078 million and $2,098 million and adjusted EBITDA guidance between $400 million and $415 million. Additionally, the Compensation Committee modified performance-vesting restricted stock units for named executive officers to lower per-share price hurdles and approved new grants of up to 87,500 shares for key executives. Alight operates in the benefits administration industry, providing health, wealth, and leave solutions.

Alight, Inc. is effectuating a 1-for-20 reverse stock split of its Class A common stock, Class B non-voting common stock, and Class V common stock, effective June 30, 2026. The company also entered into an amendment to its LLC agreement to effectuate a 1-for-20 reverse unit split of its outstanding Alight Units. Alight, Inc. operates in the human capital management and technology services industry.

Alight, Inc. announced an intended 1:20 reverse stock split of its Class A, Class B-1, Class B-2, and Class V Common Stock, which is expected to become effective at 5:00 p.m. ET on June 30, 2026. The company will also decrease its authorized shares for each class and series of common stock. Alight, Inc. provides human capital management and technology-driven solutions for employers and employees.

At its 2026 Annual Meeting of Stockholders held on June 10, 2026, Alight, Inc. stockholders approved several key proposals. These included the election of Class II directors Russell P. Fradin, Robert A. Lopes, Jr., and Richard N. Massey, the ratification of Ernst & Young LLP as independent auditor, and the advisory approval of 2025 executive compensation. Additionally, shareholders approved amendments to the Company's Certificate of Incorporation to declassify the Board of Directors, eliminate certain officers' personal liability for breaches of the duty of care, and authorize the Board to implement reverse stock splits at ratios ranging from 1-for-10 to 1-for-40. Alight, Inc. provides human capital management and technology solutions for employers.

Alight, Inc. appointed Stephen A. Lasher as Chief Financial Officer, effective June 15, 2026. His compensation package includes a $600,000 annual base salary, a $900,000 target annual incentive, a $2,000,000 sign-on equity grant, and a $2,500,000 2026 long-term incentive equity grant. The company will also provide a one-time $1,800,000 make-whole cash payment.