secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001104659-26-040419
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IAC enters voting agreement with MGM Resorts, caps voting at 25.73%
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- IAC, Barry Diller, and controlled affiliates must vote MGM shares above 25.73% threshold proportionally with other stockholders.
- Agreement terminates if Covered Entities hold below 17.5% of MGM voting securities or MGM Board fails to nominate two IAC-designated directors.
- Barry Diller is deemed IAC's initial designee; MGM Board must add qualified directors within one month of IAC designation.
- Diller Entities released from voting restriction if Diller leaves IAC chairman/senior exec role and holds under 1/3 IAC voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000110465926040419/0001104659-26-040419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000110465926040419/tm2611031d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-040419

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