secwatch.observer — SEC 8-K summary
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Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2026-06-02T20:06:17+00:00
Accession:  0001628280-26-039787
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IAC ceases Search segment after Google Services Agreement expires on April 30, 2026
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- Google Services Agreement expired on April 30, 2026; IAC received non-renewal notice in Dec 2025.
- Search segment reported as discontinued operations; all historical periods restated.
- Continuing operations Q1 2026 revenue $405.8M, operating loss $(31.8M), Adjusted EBITDA $11.0M.
- IAC in process of being renamed 'People Incorporated'; no other segment changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000162828026039787/0001628280-26-039787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000162828026039787/iaci-20260602.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-039787

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer