Key Highlights

• Alight (NYSE: ALIT) implemented a 1-for-20 reverse stock split, consolidating every 20 shares into one while maintaining proportional ownership.

• The company amended its charter and bylaws to reflect the split and declassify its board, effective June 30, 2026.

• No fractional shares were issued; cash payments replaced fractional holdings at fair value.

Alight (NYSE: ALIT) has completed a 1-for-20 reverse stock split, a move designed to adjust its share structure and authorized capital. The consolidation took effect on June 30, 2026, following approval from stockholders and the company’s board.

Reverse split execution

The reverse stock split automatically reclassified every 20 issued and outstanding shares of Alight’s Class A, Class B, and Class V common stock into one share. The par value of $0.0001 per share remained unchanged. Shareholders retained the same percentage of voting power post-split, except where cash replaced fractional shares.

Authorized share reduction

Alight reduced its authorized shares across multiple classes.

Charter and bylaw updates

The company filed a Restated Certificate of Incorporation with Delaware on June 29, 2026. The restated charter incorporated the reverse split and other amendments without further changes. Bylaws were also updated to align with the new share structure and governance provisions.

Class Z non-voting common stock was reduced from 12,900,000 to 645,000 shares, including 575,000 Class Z-A shares and 35,000 each for Class Z-B-1 and Z-B-2.

Fractional share treatment

No fractional shares were issued. Stockholders entitled to fractions received cash payments equal to the fair value of those fractions as determined by the board. The adjustment did not affect the company’s authorized preferred stock.

Governance amendments

The reverse split coincided with broader governance changes, including board declassification and expanded exculpatory protections for certain officers. These amendments were outlined in Alight’s definitive proxy statement filed on April 27, 2026.

LLC agreement update

Alight Holdings, a Delaware subsidiary, amended its limited liability company agreement to reflect a parallel 1-for-20 reverse unit split. The amended agreement.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.