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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 22, 2024

 

IAC Inc.

(Exact name of registrant as specified in charter)

 

Delaware  001-39356  84-3727412
(State or other jurisdiction  (Commission  (IRS Employer
of incorporation)  File Number)  Identification No.)

 

555 West 18th Street, New York, NY  10011
(Address of principal executive offices)  (Zip Code)

 

Registrant’s telephone number, including area code:          (212) 314-7300 

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.0001 IAC

The Nasdaq Stock Market LLC

(Nasdaq Global Select Market)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Appointment of Principal Accounting Officer

 

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”). Mr. Schwerdtman previously served in this role from December 2004 until his retirement in August 2023.

 

In connection with his appointment and return to the position, as of the Effective Date, Mr. Schwerdtman shall receive a grant of IAC restricted stock units with a dollar value of $900,000 pursuant to the Company’s 2018 Stock and Annual Incentive Plan, which award shall be scheduled to vest in two equal annual installments on each of February 28, 2026 and February 28, 2027, subject to continued service.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  IAC Inc.
   
  By: /s/ Kendall Handler
  Name: Kendall Handler
  Title: Executive Vice President & Chief Legal Officer

 

Date: November 26, 2024

 

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Entity File Number 001-39356
Entity Registrant Name IAC Inc.
Entity Central Index Key 0001800227
Entity Tax Identification Number 84-3727412
Entity Incorporation, State or Country Code DE
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Title of 12(b) Security Common Stock, par value $0.0001
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