Source-grounded facts extracted from IAC Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
IAC Inc. reported Q1 2026 results: revenue $ 422.9, net income Net loss (71.9), EPS Diluted loss per share (0.94).
“Q1 2026 Q1 2025 Growth Revenue $ 422.9 $ 481.7 -12 % Operating (loss) income (40.1) 24.1 NM Unrealized gain (loss) on investment in MGM Resorts International 34.0 (324.3) NM Net loss (71.9) (216.8) 67 % Diluted loss per share (0.94) (2.64) 64 %”
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.”
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”
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”
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”
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”
Joseph Levin departed as member of the board of directors at IAC Inc..
“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.”
Joseph Levin departed as Chief Executive Officer at IAC Inc..
“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.”
Joseph Levin resigned as Chief Executive Officer at IAC Inc..
“On January 13, 2025, IAC Inc. (the “ Company ”) announced that Joseph Levin will cease to serve as Chief Executive Officer of the Company and as a member of the board of directors (the “ Board ”) of the Company, in each case, effective upon the first to occur of the completion of the separation of Angi Inc. (“ ANGI ”) from the Company and May 31, 2025 (the “ Separation Effective Date ”).”
Michael H. Schwerdtman was appointed as Senior Vice President and Controller (Principal Accounting Officer) at IAC Inc..
“On November 22, 2024, Michael H. Schwerdtman was appointed as Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc. (the “Company” or “IAC”), effective on or about December 2, 2024 (the “Effective Date”).”
Erik Bradbury resigned as Senior Vice President and Controller (Principal Accounting Officer) at IAC Inc..
“On June 7, 2024, Erik Bradbury, Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc. (the “Company”), notified the Company that he will resign from his position, effective as of August 9, 2024 (or such other date as may be agreed to the Company and Mr. Bradbury), to pursue another opportunity.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.