{"url_path":"/sec/iac/8-k/2026-06-02/item-7-01","section_key":"item-7-01","section_title":"Item 7.01 Regulation FD Disclosure.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001628280-26-039787-index.html","accession_number":"0001628280-26-039787","cik":"0001800227","ticker":"PPLI","issuer_name":"People Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001628280-26-039787-index.html","primary_entity_key":"0001800227","primary_entity_name":"IAC Inc."},"word_count":265,"has_tables":true,"body_markdown":"Item 7.01. Regulation FD Disclosure.\n\nOn December 10, 2025, IAC Inc. (“IAC” or the “Company”), which is in the process of being renamed “People Incorporated,” received a notice of non-renewal (the “Notice”) from Google of the services agreement, dated October 26, 2015 and subsequently amended (the “Services Agreement”). As a result of the Notice, the Services Agreement was due to expire on March 31, 2026; the Services Agreement was extended through April 30, 2026, at which point the Services Agreement expired. In connection with the expiration of the Services Agreement, the Company ceased operations of its Search segment.\n\nOn June 2, 2026, the Company posted supplemental financial information to reflect the Search segment as discontinued operations for all periods prior to the expiration of the Services Agreement on April 30, 2026 in accordance with ASC 205, “Presentation of Financial Statements,” within IAC’s consolidated financial statements on its website (http://ir.iac.com/quarterly-results).\n\nOther than the changes described above, there are no other changes to the Company's reportable segments reflected in the supplemental financial information, a copy of which is furnished herewith as Exhibit 99.1.\n\nThe information contained in this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.\n\n2"}