8-K filed April 28, 2026, 7:59 PM ET ticker IAC CIK 0001800227

other material confidence high sentiment neutral materiality 0.75

IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes

IAC Inc.

Name change to People Incorporated expected by August 2026; Q1 2026 was 10th straight quarter of digital revenue growth.
Restructuring plan to consolidate corporate functions with People Inc.; expected annual run-rate cost savings of $40M.
Total restructuring costs estimated at $63M ($14M severance, $48M non-cash stock comp, ~$1M other).
CFO Christopher Halpin and CLO Kendall Handler to depart; People CEO Neil Vogel becomes CEO; People CFO Tim Quinn becomes CFO.
MGM Resorts stake now 26%; Diller highlights $144B value created over 30 years.

item 2.02 item 7.01 item 2.05 item 5.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-26-049837
form_type: 8-K
ticker: IAC
cik: 0001800227
company_name: IAC Inc.
filed_at: 2026-04-28T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.927577+00:00
generated_at: 2026-05-15T03:02:29.890524+00:00
sec_items: ["2.02", "7.01", "2.05", "5.02", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
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markdown_url: https://secwatch.observer/filing/0001104659-26-049837.md
text_url: https://secwatch.observer/filing/0001104659-26-049837.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Tim Quinn

Chief Financial Officer

IAC · IAC Inc.

Filed: April 28, 2026, 7:59 PM ET

Tim Quinn, who currently serves as the Chief Financial Officer of People, will become Chief Financial Officer of the Company

Departed

Kendall Handler

Executive Vice President and Chief Legal Officer

IAC · IAC Inc.

Filed: April 28, 2026, 7:59 PM ET

Kendall Handler will cease to serve as Executive Vice President and Chief Legal Officer of the Company

Appointed

Neil Vogel

Chief Executive Officer

IAC · IAC Inc.

Filed: April 28, 2026, 7:59 PM ET

Neil Vogel, who currently serves as Chief Executive Officer of People, will become Chief Executive Officer of the Company

Departed

Christopher Halpin

Executive Vice President, Chief Operating Officer and Chief Financial Officer

IAC · IAC Inc.

Successor: Tim Quinn
Filed: April 28, 2026, 7:59 PM ET

Christopher Halpin will cease to serve as Executive Vice President, Chief Operating Officer and Chief Financial Officer of the Company

Source-grounded claims

54ed99a482

Tim Quinn was appointed as Chief Financial Officer at IAC Inc..

Tim Quinn, who currently serves as the Chief Financial Officer of People, will become Chief Financial Officer of the Company

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

b51d35c212

Kendall Handler departed as Executive Vice President and Chief Legal Officer at IAC Inc..

Kendall Handler will cease to serve as Executive Vice President and Chief Legal Officer of the Company

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

e04eb21cd1

Neil Vogel was appointed as Chief Executive Officer at IAC Inc..

Neil Vogel, who currently serves as Chief Executive Officer of People, will become Chief Executive Officer of the Company

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

e30de82d58

Christopher Halpin departed as Executive Vice President, Chief Operating Officer and Chief Financial Officer at IAC Inc..

Christopher Halpin will cease to serve as Executive Vice President, Chief Operating Officer and Chief Financial Officer of the Company

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

3b3e8c42731ab7ae4606cc4b779e9b137c6a5264

IAC Inc. announced a restructuring with charges of approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other co affecting corporate functions consolidation with People Inc. (reduction in workforce).

Ahead of its name change to "People Incorporated" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (" People "), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the " Plan "). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.

SEC 8-K Item 2.05/2.06 confidence 0.95 SEC evidence

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Filing page SEC filing

Source: SEC EDGAR

accession 0001104659-26-049837

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