Starboard reaches agreement with Alight Inc (ALIT)

Key Summary: On Feb 16, 2024, Starboard nominated Board candidates for Alight Inc. On May 6, 2024, following a cooperation agreement with Starboard, Alight appointed Dave Guilmette and Coretha Rushing as independent directors.

Market Cap: $5 billion | Alight, Inc. provides cloud-based integrated digital human capital and business solutions worldwide.

On February 16, 2024, Starboard (7.8%) delivered a letter to the company nominating a slate of director candidates, including Keith D. Dorsey, Matthew C. Levin, Gavin T. Molinelli and Coretha Rushing, for election to the Board at the 2024 AGM. Source

On March 15, 2024, Starboard (7.3%) notified the company of its nominees for the upcoming 2024 AGM in accordance with Federal Universal Proxy Rules. Starboard intends to solicit proxies for the election of Keith D. Dorsey, Matthew C. Levin, and Coretha Rushing as nominees to the Board, with Gavin T. Molinelli designated as an alternate nominee if needed.

On May 6, 2024, the company entered into a cooperation agreement with Starboard and pursuant to it, the company announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors.