Alight (ALIT) hires veteran finance leader Stephen Lasher as new CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Alight, Inc. is appointing Stephen A. Lasher as Chief Financial Officer effective June 15, 2026, replacing Susan Davies as the company’s principal financial officer while she continues as Chief Accounting Officer and principal accounting officer. Lasher brings more than 30 years of financial leadership experience across services, technology and B2B sectors, including senior roles at Digital Turbine, Vonage and IBM.
Under his offer letter, Lasher will receive a $600,000 annual base salary, $900,000 target annual incentive, a $2,000,000 time-vesting RSU sign-on grant and a $2,500,000 long-term incentive RSU grant split between time-vested and performance-vested units. He is also entitled to a one-time $1,800,000 cash make-whole payment, subject to repayment if he leaves within his first year under certain conditions, and to severance protections that include salary continuation, pro-rated bonus, COBRA coverage, outplacement assistance and equity vesting enhancements upon qualifying terminations, including enhanced benefits in a change of control context.
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Insights
Alight appoints a seasoned CFO with a sizable, performance-linked pay package.
Alight is installing Stephen Lasher as CFO, bringing experience from Digital Turbine, Vonage and IBM. This strengthens financial leadership while maintaining continuity through Susan Davies’ ongoing role as Chief Accounting Officer and principal accounting officer.
The compensation mix combines fixed pay with equity and incentives: a $600,000 base salary, $900,000 target bonus, a $2,000,000 sign-on RSU grant and a $2,500,000 long-term RSU grant, half of which vests on performance over roughly three years.
Severance terms include 18 months of salary continuation and pro-rated bonus, plus enhanced benefits such as 1.5 times salary and target bonus and full equity vesting if termination follows a change of control. Actual impact on performance depends on Lasher’s execution and the company’s operating environment.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO base salary: $600,000 per year
Target annual incentive: $900,000
Sign-on RSU grant: $2,000,000
+5 more
8 metrics
CFO base salary
$600,000 per year
Annual base salary for Stephen Lasher as Alight CFO
Target annual incentive
$900,000
Target annual bonus opportunity for new CFO
Sign-on RSU grant
$2,000,000
One-time time-vesting RSU grant for Stephen Lasher
2026 LTIP RSU grant
$2,500,000
Long-term incentive RSU award split between time and performance vesting
Make-whole cash payment
$1,800,000
One-time payment to offset forfeited prior-employer awards
Severance multiple (change of control)
1.5x salary and target bonus
Cash severance if termination occurs in connection with a change of control
COBRA coverage period
Up to 12 months
Company-paid COBRA under Executive Severance Letter
IBM sales organization size
Approximately $70 billion
IBM global sales organization overseen by Lasher as VP of Finance
Key Terms
restricted stock units, performance-vested RSUs, change of control, COBRA coverage, +2 more
6 terms
restricted stock units financial
"The Sign-on Grant will be in the form of time-vesting restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-vested RSUs financial
"50% of which will be performance-vested RSUs, which shall vest approximately three years"
change of control financial
"1.5 times the sum of his salary and target bonus if the termination occurs in connection with a change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
COBRA coverage financial
"company-paid COBRA coverage for up to 12 months"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Artificial Intelligence and Machine Learning technical
"issues relating to the use of new and evolving technologies, such as Artificial Intelligence and Machine Learning"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________
FORM 8-K
__________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 3, 2026
__________________________________________
Alight, Inc.
(Exact name of Registrant as Specified in Its Charter)
__________________________________________
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant’s Telephone Number, Including Area Code: (224) 737-7000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
__________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 3, 2026 , the Board of Directors (the “Board”) of Alight, Inc. (the “Company” or “Alight”) appointed Stephen A. Lasher to serve as the Company’s Chief Financial Officer, effective as of June 15, 2026 (the “Effective Date”). Mr. Lasher currently serves as Vice President and Chief Financial Officer of Digital Turbine, Inc. (NASDAQ: APPS) (“Digital Turbine”), a role he has held since February 2025. From July 2024 until he joined Digital Turbine, Mr. Lasher provided independent consulting services. Prior to that, Mr. Lasher served as Senior Vice President and Chief Financial Officer of Vonage, a cloud business communications services company, until July 2024. From 1997 to January 2021, Mr. Lasher served in various capacities with International Business Machines (NYSE: IBM), including Vice President of Finance of IBM’s Global Markets, Global Business Services, and Cloud divisions from 2015 to January 2021. Mr. Lasher received a Bachelor of Science in Accounting degree from Bentley University and completed Executive Education from Harvard Business School in 2018. On the Effective Date, Mr. Lasher will assume the role of the Company’s “principal financial officer” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), from Susan Davies, who will continue to serve in her role as Chief Accounting Officer and Global Controller of Alight and as the Company’s “principal accounting officer” for purposes of the Exchange Act.
There are no arrangements or understandings between Mr. Lasher and any other person pursuant to which he was appointed as the Company’s Chief Financial Officer. Mr. Lasher does not have any family relationship with any director or other executive officer of the Company, and there are no transactions in which Mr. Lasher has an interest requiring disclosure under Item 404(a) of Regulation S-K under the Exchange Act.
In connection with his appointment as the Company’s Chief Financial Officer, the Company, Alight Solutions LLC, a subsidiary of the Company (“Alight Solutions”), and Mr. Lasher entered into an Offer Letter (the “Offer Letter”) providing for (i) an annual base salary of $600,000, (ii) target annual incentive compensation of $900,000, (iii) a one-time sign-on equity grant with a grant date value of $2,000,000 (the “Sign-on Grant”), and (iv) a 2026 long-term incentive equity grant with a grant date value of $2,500,000 (the “LTIP Grant”).
The Sign-on Grant will be in the form of time-vesting restricted stock units (“RSUs”), which shall vest 50% on the first anniversary of the grant date and 25% thereafter on the second and third anniversary of the grant date, subject to Mr. Lasher’s continued employment through such date.
The LTIP Grant will be in the form of RSUs, 50% of which will be time-vested RSUs that shall vest 33% on each grant date anniversary over three years and 50% of which will be performance-vested RSUs, which shall vest approximately three years following the grant date as to between 0% and 150% of the target number of performance-vested RSUs based on the satisfaction of the performance metrics set forth therein.
The Sign-On Grant and the LTIP Grant will be made within 30 business days following the Effective Date. Additionally, the Company has agreed to ask the Board to consider a February 2027 long-term incentive compensation equity grant in the amount of $3,000,000 for Mr. Lasher, dependent on his performance and achievement of 2026 objectives, as determined by the Company’s Chief Executive Officer and assessed by the Compensation Committee of the Board.
Not later than sixty days from the Effective Date, Mr. Lasher is also entitled to a one-time make whole cash payment in the amount of $1,800,000 (minus tax withholdings), which represents a reasonable estimate of the anticipated forfeiture of his 2025-2026 fiscal year annual cash bonus opportunity and additional equity awards scheduled to vest in 2026 from his prior employer. This one-time make whole cash payment is required to be repaid if Mr. Lasher voluntarily terminates his employment with the Company or if the Company terminates his employment for cause, in either case at any time during his first year of employment.
The Company, Alight Solutions and Mr. Lasher also entered into an Executive Severance Letter Agreement (the “Executive Severance Letter”), which provides that, in the event of a termination of Mr. Lasher’s employment by Alight Solutions without cause or by Mr. Lasher for good reason, Mr. Lasher will be entitled to severance benefits consisting of (i) 18 months’ salary continuation payments (or 1.5 times the sum of his salary and target bonus if the termination occurs in connection with a change of control), (ii) a pro-rated annual bonus for the year of termination based on actual performance, (iii) company-paid COBRA coverage for up to 12 months, (iv) outplacement assistance for up to 12 months, (v) accelerated vesting of any unvested portion of the Sign-On Grant, and (vi) partial vesting of other outstanding performance-based equity awards (or full vesting of all equity awards if the termination occurs in connection with a change of control).
The foregoing descriptions of the material terms of the Offer Letter and the Executive Severance Letter are qualified in their entirety by reference to the full text of such agreements, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending June 30, 2026.
Item 7.01 Regulation FD Disclosure.
On June 4, 2026, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 hereto, announcing the matters described in Item 5.02 above.
The information in this Item 7.01, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such disclosure in this Form 8-K in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Press Release of the Company dated as of June 4, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Alight, Inc. | |||||||||||
| Date: | June 4, 2026 | By: | /s/ Martin Felli | ||||||||
| Martin Felli, Chief Legal Officer and Corporate Secretary | |||||||||||
Exhibit 99.1
Alight to appoint Finance Industry Veteran Stephen A. Lasher as Chief Financial Officer
Lasher brings more than 30 years of financial leadership experience across the services, technology and B2B sectors to Alight.
CHICAGO, IL. — June 4, 2026 — Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today announced that Stephen A. (Steve) Lasher will join the Company as Chief Financial Officer, effective June 15, 2026. Steve brings more than 30 years of financial leadership experience across the services, technology and B2B sectors to Alight.
“I am thrilled to welcome Steve to the Alight team,” said Rohit Verma, CEO of Alight. “Steve is exactly the caliber of financial leader we were looking for – someone with a deep background in financial strategy across the services, technology and B2B sectors, a proven ability to drive transformation at scale, and the kind of operating discipline and investor credibility that Alight needs at this stage of our journey. His appointment is a direct reflection of the confidence we have in Alight’s future, and I look forward to partnering with him as we continue to execute on our operating principles.”
Steve most recently served as Executive Vice President and Chief Financial Officer of Nasdaq listed Digital Turbine, where he led all aspects of the company’s worldwide financial operations. Previously, he served as Chief Financial Officer of Vonage, where he played a critical role in executing the company’s strategic initiatives, driving revenue growth, and leading its financial operations. Prior to Vonage, Steve spent 24 years at IBM Corporation in senior financial management roles of increasing responsibility, including Vice President of Finance for IBM Global Markets and Integrated Accounts, where he oversaw the financial operations of IBM’s approximately $70 billion global sales organization.
“I am honored to be joining Alight and excited about the opportunity ahead,” said Stephen Lasher, incoming CFO at Alight. “Alight serves a critical role in the lives of millions of employees and the organizations that care for them, and I believe deeply in the power of the platform the team has built. I look forward to working with Rohit and the entire Alight team to build on this foundation, strengthen our financial performance, and deliver long-term value for our clients, colleagues and stockholders.”
About Alight
Alight is a leading benefits administration provider of health, wealth, leave and point solutions for many of the world’s largest organizations and over 30 million people. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most
important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more at alight.com.
Investors:
investor.relations@alight.com
Media Contact:
Mariana Fischbach
Alight Media Relations
mediarelations@alight.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding Alight’s ability to strengthen its financial performance and deliver long-term value for its stockholders. In some cases, these forward-looking statements can be identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “would,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks associated with competition, our ability to successfully execute the next phase of our strategic transformation, an inability to successfully execute on operational and technological enhancements designed to drive value for our clients or drive internal efficiencies, issues relating to the use of new and evolving technologies, such as Artificial Intelligence and Machine Learning, we may not achieve our financial projections, which could have an adverse effect on our business, operating results, and financial condition, cyber-attacks and security vulnerabilities and other significant disruptions in our information technology systems and networks that could expose us to legal liability, impair its reputation or have a negative effect on our results of operations, our handling of confidential, personal or proprietary data, actions or proposals from activist stockholders, and risks related to our compliance with applicable laws and regulations, including changes thereto. Additional factors that could cause Alight’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” of Alight’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2026, as such factors may be updated from time to time in Alight’s filings with the SEC, which are, or will be, accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
FAQ
What executive leadership change did Alight (ALIT) announce in this 8-K?
Alight appointed Stephen A. Lasher as Chief Financial Officer, effective June 15, 2026. He will serve as principal financial officer, while Susan Davies continues as Chief Accounting Officer and principal accounting officer, maintaining continuity in the company’s financial reporting and control functions.
What is Stephen Lasher’s compensation package as Alight (ALIT) CFO?
Stephen Lasher will receive a $600,000 annual base salary and $900,000 target annual incentive. He is also granted a $2,000,000 sign-on RSU award and a $2,500,000 long-term incentive RSU grant, split between time-based and performance-based vesting schedules over multiple years.
How are Stephen Lasher’s RSU grants at Alight (ALIT) structured?
The $2,000,000 sign-on RSU grant vests 50% after one year, then 25% on each of the second and third anniversaries. The $2,500,000 long-term RSU grant is half time-vested over three years and half performance-vested based on metrics over about three years, ranging from 0% to 150% of target.
What make-whole payment will Alight (ALIT) provide to its new CFO?
Alight will provide Stephen Lasher a one-time $1,800,000 cash make-whole payment within 60 days of his start. This is designed to offset forfeited bonus and equity from his prior employer and must be repaid if he leaves voluntarily or for cause within his first year.
What severance protections does Stephen Lasher have at Alight (ALIT)?
If terminated without cause or he resigns for good reason, Lasher receives 18 months of salary continuation, a pro-rated bonus, up to 12 months of COBRA premiums and outplacement, plus accelerated or partial vesting of equity, with enhanced cash and full equity vesting upon qualifying change-of-control terminations.
What experience does Alight (ALIT) new CFO Stephen Lasher bring?
Stephen Lasher previously served as CFO of Digital Turbine and Vonage and spent 24 years at IBM in senior finance roles. At IBM he was Vice President of Finance for IBM Global Markets and Integrated Accounts, overseeing financial operations of an approximately $70 billion global sales organization.