This filing is administrative and does not contain new financial or operational information. Traders should focus on the original 10-K and subsequent press releases for material updates. The high pay ratio and Levin's departure are already known factors and unlikely to move the stock.
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Executive Summary
IAC Inc. filed an amended 10-K/A solely to include Part III disclosures (Items 10-14) that were previously omitted and incorporated by reference, including director and executive compensation details. The amendment also includes updated Section 302 certifications. No financial statements or material operational changes were amended.
Key Facts
- The 10-K/A is a non-material amendment filed solely to include Part III disclosures (directors, executive compensation, related party transactions, auditor fees) that were omitted from the original 10-K.
- No changes were made to financial statements, MD&A, or any other material sections of the original filing.
- The amendment includes updated Section 302 certifications from the CEO and CFO, dated April 1, 2026.
- Key executive changes include Joseph Levin's transition from CEO on March 31, 2025, and the appointment of Christopher Halpin and Kendall Handler to report directly to Barry Diller, who continues as Chairman and Senior Executive without a new CEO being appointed.
- Levin received significant severance: $17.3 million in stock and cash, which inflated his 2025 total compensation to $17.6 million and resulted in a CEO-to-median-employee pay ratio of 268:1.
Financial Impact
No financial impact from the amendment itself. The severance paid to Joseph Levin totaled $17.16 million in stock and $9.35 million in cash, but these were one-time transition costs disclosed in the original filing.
Risk Factors
- Potential perception of excessive executive compensation due to the $17.6 million total compensation for the departing CEO.
- Governance risk from the lack of a CEO and concentration of power with Barry Diller, who controls a significant portion of voting power through Class B shares.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001193125-26-138027 |
| Document: iac-ex31_4.htm | 0001193125-26-138027 |
| Document: iac-ex31_5.htm | 0001193125-26-138027 |
| Document: 0001193125-26-138027-index-headers.html | 0001193125-26-138027 |
| Document: 0001193125-26-138027-index.html | 0001193125-26-138027 |
| Document: 0001193125-26-138027.txt | 0001193125-26-138027 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 4, 2026 17w ago | DEFA14A | $43.55 $46.75 | ▲ +7.35% | ▲ +8.72% | — |
Jun 1, 2026 17w ago | 8-K | $45.38 $44.77 | ▼ −1.34% | ▼ −0.05% | — |
Apr 28, 2026 22w ago | 8-K | $44.08 $42.46 | ▼ −3.68% | ▼ −9.14% | — |
Apr 7, 2026 25w ago | 8-K | $40.44 $41.36 | ▲ +2.27% | ▼ −6.27% | — |
Apr 7, 2026 25w ago | 8-K | $40.44 $41.36 | ▲ +2.27% | ▼ −6.27% | — |
Apr 1, 2026 26w ago | 10-K/A | $39.80 $44.56 | ▲ +11.96% | ▲ +2.08% | — |
US Market Status
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