IAC to spin off Angi; Joey Levin named Angi Executive Chairman, steps down as IAC CEO

Angi Inc.

IAC Board approves tax-free spin-off of its entire Angi stake to IAC shareholders, eliminating dual-class stock structure.
Joey Levin becomes Angi Executive Chairman effective spin-off close or May 31, 2025; receives 5M+ vested shares with 6-year lockup.
Levin steps down as IAC CEO; no replacement named; CFO/COO Halpin and CLO Handler report directly to Barry Diller.
Spin-off expected to close in H1 2025, no sooner than March 31; final approval and tax opinion conditions remain.
IAC and Angi affirm Q4 2024 guidance; Q4 earnings to be released Feb 11 after market close, call Feb 12.

item 3.02 item 5.02 item 8.01 item 9.01

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Role change

Joey Levin

Executive Chairman

ANGI · Angi Inc.

Effective: 2025-05-31
Filed: January 13, 2025, 6:59 PM ET

Mr. Levin, the current Chairman of the board of directors (the “Board”) of Angi has been elected by the Board to serve as Executive Chairman of the Board, effective as of the earlier of: (i) the date on which the Company’s controlling stockholder, IAC Inc. (“IAC”), completes the separation of the Company from IAC described under Item 8.01 below and (ii) May 31, 2025 (the “Effective Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Joey Levin was elected as Executive Chairman at Angi Inc..

Action: elected
Role: Executive Chairman

Exact text from the filing

Mr. Levin, the current Chairman of the board of directors (the “Board”) of Angi has been elected by the Board to serve as Executive Chairman of the Board, effective as of the earlier of: (i) the date on which the Company’s controlling stockholder, IAC Inc. (“IAC”), completes the separation of the Company from IAC described under Item 8.01 below and (ii) May 31, 2025 (the “Effective Date”).

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Angi Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-003095

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