---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-030297"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:02:22.834900+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IAC completes Angi spin-off; Levin exits IAC, becomes Angi Executive Chairman

## Summary
- IAC distributed 0.5251 Angi Class A shares per IAC share to holders of record March 25, 2025.
- Joey Levin ceased as IAC CEO and director, became Executive Chairman of Angi effective March 31, 2025.
- IAC pro forma 2024 net loss from continuing ops was $573.5M; both companies affirmed FY2025 guidance.
- Angi becomes 10th independent IAC spin-off; dual-class voting structure eliminated.
- Simplified IAC to focus on Dotdash Meredith, MGM stake, and new growth opportunities.

## SEC filing metadata
- accession: 0001104659-25-030297
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000110465925030297/0001104659-25-030297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000110465925030297/tm254280d9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-030297
- JSON: https://secwatch.observer/filing/0001104659-25-030297.json
- Plain text: https://secwatch.observer/filing/0001104659-25-030297.txt

## Source-grounded claims
- claim_id: 4f52e0f32b
  claim: Joseph Levin departed as member of the board of directors at IAC Inc..
  evidence_excerpt: On March 31, 2025, effective upon the completion of the Distribution and pursuant to the employment transition agreement previously filed by the Company on January 13, 2025 with the Securities Exchange Commission as Exhibit 10.1 to the Current Report on Form 8-K dated January 13, 2025, Joseph Levin ceased to serve as Chief Executive Officer of the Company and as a member of the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465925030297/0001104659-25-030297-index.htm
- claim_id: ddd01fb58f
  claim: Joseph Levin departed as Chief Executive Officer at IAC Inc..
  evidence_excerpt: On March 31, 2025, effective upon the completion of the Distribution and pursuant to the employment transition agreement previously filed by the Company on January 13, 2025 with the Securities Exchange Commission as Exhibit 10.1 to the Current Report on Form 8-K dated January 13, 2025, Joseph Levin ceased to serve as Chief Executive Officer of the Company and as a member of the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465925030297/0001104659-25-030297-index.htm

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