---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-092607"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:41:39.307255+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# IAC appoints Erik Bradbury as Principal Accounting Officer; Schwerdtman retires after 19 years

## Summary
- Erik Bradbury appointed SVP and Controller (Principal Accounting Officer) effective September 18, 2023.
- Bradbury receives $1.6M in IAC restricted stock units vesting in four equal annual installments.
- Michael Schwerdtman is retiring as Principal Accounting Officer effective September 18, 2023 after ~19 years.
- Schwerdtman will remain as an employee and advisor through March 1, 2024.

## SEC filing metadata
- accession: 0001104659-23-092607
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000110465923092607/0001104659-23-092607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000110465923092607/tm2323826d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-092607
- JSON: https://secwatch.observer/filing/0001104659-23-092607.json
- Plain text: https://secwatch.observer/filing/0001104659-23-092607.txt

## Key facts
- Executive change
  Erik Bradbury was appointed as Senior Vice President and Controller (Principal Accounting Officer) at IAC Inc..
  - Action: appointed
  - Role: Senior Vice President and Controller (Principal Accounting Officer)
  source text: On August 10, 2023, Erik Bradbury was appointed as Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465923092607/0001104659-23-092607-index.htm
- Executive change
  Michael H. Schwerdtman departed as Senior Vice President, Controller (Principal Accounting Officer) at IAC Inc..
  - Action: retiring
  - Role: Senior Vice President, Controller (Principal Accounting Officer)
  source text: On August 10, 2023, Michael H. Schwerdtman, Senior Vice President, Controller (Principal Accounting Officer) notified the Company that he was retiring from his position, effective as of the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465923092607/0001104659-23-092607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.