Michael H. Schwerdtman retired as Senior Vice President, Chief Accounting Officer (Principal Accounting Officer) at IAC Inc..
“Michael H. Schwerdtman, Senior Vice President, Chief Accounting Officer (Principal Accounting Officer) notified the Company that he was retiring from his position, effective as of the Effective Date”
Christopher Currier was appointed as Chief Accounting Officer (Principal Accounting Officer) at IAC Inc..
“Christopher Currier was appointed as Chief Accounting Officer (Principal Accounting Officer) of People Incorporated, a Delaware corporation (the " Company " or " People "), effective immediately.”
Governance Changes
IAC Inc.: Amended and Restated By-laws to reflect the name change from IAC Inc. to People Incorporated (effective 2026-06-04).
“The Company also amended its Amended and Restated By-laws (the “Amended and Restated By-laws”) to reflect the Name Change.”
Governance Changes
IAC Inc.: Certificate of Amendment to the Restated Certificate of Incorporation to change the company's name from IAC Inc. to People Incorporated, effective June 4, 2026 (effective 2026-06-04).
“Effective 12:01 AM Eastern Time on June 4, 2026, IAC Inc., a Delaware corporation (the “Company”), changed its name from IAC Inc. to People Incorporated (the “Name Change”) pursuant to a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Restated Certificate of Incorporation.”
Earnings Releases
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 %”
Restructurings & Charges
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”
Material Agreements
IAC Inc. terminated Google Services Agreement with Google LLC valued at non-renewal; scheduled to expire on March 31, 2026 (effective 2025-12-10).
“On December 10, 2025, IAC, Inc., a Delaware corporation (the "Company" or "IAC") received a notice (the "Notice") of non-renewal from Google LLC ("Google") of the Google Services Agreement, dated as of April 1, 2016, by and among the Company, IAC Search & Media Europe Limited, Google and Google Ireland Limited (as subsequently amended, the "Services Agreement").”
Debt Financings
IAC Inc. incurred term loan of $700.0 million with JPMorgan Chase Bank, N.A. at 2.50% in the case of base rate loans and 3.50% in the case of term benchmark loa maturing June 16, 2032.
“enter into a new $700.0 million term loan B facility with a maturity date of June 16, 2032”
Debt Financings
IAC Inc. incurred senior notes of $400 million with U.S. Bank Trust Company, National Association at 7.625% per annum maturing June 15, 2032.
“closed its previously announced private offering of $400 million aggregate principal amount of 7.625% Senior Secured Notes due 2032”
Debt Financings
IAC Inc. incurred revolving credit of $150,000,000 revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at initially 1.00% for base rate loans and 2.00% for term benchmark loans maturing May 14, 2030.
“nd JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (“ JPMorgan ”), amending that certain Credit”
Debt Financings
IAC Inc. incurred credit facility of $350,000,000 of new term A loans with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at initially 1.00% for base rate loans and 2.00% for term benchmark loans maturing May 14, 2030.
“nd JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (“ JPMorgan ”), amending that certain Credit”
M&A Transactions
IAC Inc. completed a disposition involving Angi Inc. (closed 2025-03-31).
“On March 31, 2025, IAC Inc. (“IAC” or the “Company”) completed the previously announced spin-off of Angi Inc. (“Angi”) by means of a special dividend (the “Distribution”) of all of the shares of Angi capital stock held by IAC to the holders of IAC common stock, par value $0.0001 per share (the “IAC common stock”), and IAC Class B common stock, par value $0.0001 per share (the “IAC Class B common stock” and together with the IAC common stock, “IAC Stock”).”
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.”
Earnings Releases
IAC Inc. reported Q1 2024 results: revenue $929.7, net income $45.0, EPS $0.51.
“IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q1 2024 Q1 2023 Growth Revenue $ 929.7 $ 1,084.3 -14 % Operating loss (59.2) (135.6) 56 % Unrealized gain on investment in MGM Resorts International 163.8 704.8 -77 % Net earnings 45.0 417.8 -89 % Diluted earnings per”
Maria Seferian was appointed as director at IAC Inc..
“Effective December 12, 2023, Maria Seferian, age 51, was appointed to the board of directors of IAC Inc.”
Earnings Releases
IAC Inc. reported Q3 2023 results: revenue $ 1,111.3, net income Net loss (390.5 ), EPS Diluted loss per share (4.72 ).
“IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q3 2023 Q3 2022 Growth Revenue $ 1,111.3 $ 1,300.9 -15 % Operating loss (32.7 ) (124.7 ) 74 % Unrealized (loss) gain on investment in MGM Resorts International (463.4 ) 42.5 NM Net loss (390.5 ) (63.8 ) -512 % Diluted”
Governance Changes
IAC Inc.: Amended and restated by-laws to update procedural mechanics and disclosure requirements for stockholder nominations and proposals (effective 2023-09-14).
“On September 14, 2023, the board of directors of IAC Inc. (the “Company”) approved the amendment and restatement of the Company’s Amended and Restated By-Laws (as so amended, the “Amended and Restated By-Laws”), effective concurrently with such adoption.”
Michael H. Schwerdtman departed as Senior Vice President, Controller (Principal Accounting Officer) at IAC Inc..
“On August 10, 2023, Michael H. Schwerdtman, Senior Vice President, Controller (Principal Accounting Officer) notified the Company that he was retiring from his position, effective as of the Effective Date”
Erik Bradbury was appointed as Senior Vice President and Controller (Principal Accounting Officer) at IAC Inc..
“On August 10, 2023, Erik Bradbury was appointed as Senior Vice President and Controller (Principal Accounting Officer) of IAC Inc.”
Earnings Releases
IAC Inc. reported Q2 2023 results: revenue $1,111.6, net income $(89.0), EPS $(1.07).
“CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q2 2023 Q2 2022 Growth Revenue $ 1,111.6 $ 1,362.6 -18 % Operating loss (55.5 ) (166.1 ) 67 % Unrealized loss on investment in MGM Resorts International (32.4 ) (825.3 ) 96 % Net loss (89.0 ) (869.1 ) 90 % Diluted loss”
Shareholder Votes
IAC Inc. shareholders approved Ratify the appointment of Ernst & Young LLP as IAC's independent registered public accounting firm for the 2023 fiscal year at the 2023-06-15 meeting.
“A proposal to ratify the appointment of Ernst & Young LLP as IAC’s independent registered public accounting firm for the 2023 fiscal year. This proposal was approved by the holders of IAC capital stock on the basis of the following voting results: FOR AGAINST ABSTAIN BROKER NON-VOTES 129,181,359 22,663 2,534,911 0”
Shareholder Votes
IAC Inc. shareholders approved Non-binding advisory vote on IAC's 2022 executive compensation at the 2023-06-15 meeting.
“A non-binding advisory vote on IAC’s 2022 executive compensation. This proposal was approved by the holders of IAC capital stock on the basis of the following voting results: FOR AGAINST ABSTAIN BROKER NON-VOTES 115,126,669 7,243,329 2,456,480 6,912,455”
Shareholder Votes
IAC Inc. shareholders approved Election of eleven members of the IAC board of directors at the 2023-06-15 meeting.
“The stockholders elected each of the nominees to the IAC board of directors on the basis of the following voting results: Elected by holders of IAC common stock voting as a separate class: FOR WITHHELD BROKER NON-VOTES Bryan Lourd 56,748,112 10,183,376 6,912,455 Alan G. Spoon 51,605,507 15,325,981 6,912,455 Richard F. Zannino 54,030,990 12,900,498 6,912,455 Elected by holders of IAC capital stock, voting as a single class: FOR WITHHELD BROKER NON-VOTES Chelsea Clinton 112,516,530 12,309,948 6,912,455 Barry Diller 108,326,338 16,500,140 6,912,455 Michael D. Eisner 105,222,815 19,603,663 6,912,455 Bonnie S. Hammer 107,493,853 17,332,625 6,912,455 Victor A. Kaufman 113,226,206 11,600,272 6,912,455 Joseph Levin 113,619,318 11,207,160 6,912,455 David Rosenblatt 96,734,432 28,092,046 6,912,455 Alexander von Furstenberg 113,111,351 11,715,127 6,912,455”
Earnings Releases
IAC Inc. reported Q1 2023 results: revenue $1.1 billion.
“IAC REPORTS Q1 2023 – Q1 REVENUE OF $1.1 BILLION”
Earnings Releases
IAC Inc. reported Q4 2022 results: revenue $1,246.5, net income (1.4), EPS (0.02).
“the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q4 2022 Q4 2021 Growth FY 2022 FY 2021 Growth Revenue $ 1,246.5 $ 1,159.4 8 % $ 5,235.3 $ 3,699.6 42 % Operating loss (75.1 ) (69.4 ) -8 % (474.8 ) (137.1 ) -246 % Unrealized gain (loss) on investment in MGM 246.6 102.1 141 % (723.5 ) 789.3 NM”
Mark Stein departed as Chief Strategy Officer at IAC Inc..
“In addition, effective March 1, 2023 (the “Effective Date”), Mark Stein, Chief Strategy Officer of IAC, will step down from his current role to become Senior Advisor to IAC”
Christopher Halpin was appointed as Chief Operating Officer at IAC Inc..
“Effective February 2, 2023, Christopher Halpin has been appointed to the newly created role of Chief Operating Officer and will continue in his role as Chief Financial Officer of IAC Inc.”
Westley Moore resigned as Director at IAC Inc..
“On November 9, 2022, Mr. Westley Moore informed IAC Inc. (the “Company”) that he was resigning from the Company’s Board of Directors, effective immediately.”
Earnings Releases
IAC Inc. reported Q3 2022 results: revenue $1,300.9, net income (63.8 ), EPS (0.74 ).
“IAC CEO Joey Levin on the Investor Relations section of its website at ir.iac.com . IAC SUMMARY RESULTS ($ in millions except per share amounts) Q3 2022 Q3 2021 Growth Revenue $ 1,300.9 $ 924.1 41 % Operating loss (124.7 ) (32.1 ) -289 % Unrealized gain on investment in MGM 42.5 29.5 44 % Net (loss) earnings (63.8 ) 60.7 NM Diluted (loss) earnings per share (0.74”
Christopher Halpin was appointed as Executive Vice President and Chief Financial Officer at IAC Inc..
“IAC/InterActiveCorp (the “Registrant” or “IAC”) announced that it had appointed Christopher Halpin as IAC’s Executive Vice President and Chief Financial Officer.”
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.