On May 6, 2024, Alight, Inc. announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors effective immediately and these appointments have been made in connection with a cooperation agreement entered into between the Company and Starboard Value LP. In addition, the Company stated that as part of an ongoing effort to broaden board composition, the Board and Starboard will also seek to identify and appoint an additional new independent director with relevant executive-level industry experience in benefits administration. During this process, Starboard will have the ability to submit candidates for the Board?s consideration and meet final candidates.

Pursuant to the Agreement, Starboard has agreed to withdraw its director nominations with respect to the 2024 annual meeting of stockholders and has entered into customary standstill, voting and other commitments.