{"url_path":"/sec/ppli/8-k/2026-06-22/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001104659-26-076369-index.html","accession_number":"0001104659-26-076369","cik":"0001800227","ticker":"PPLI","issuer_name":"People Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001104659-26-076369-index.html","primary_entity_key":"0001800227","primary_entity_name":"People Inc"},"word_count":529,"has_tables":true,"body_markdown":"** **\n\n**Item 8.01.    Other\nEvents.**\n\n** **\n\nOn June 22, 2026, People entered\ninto a Voting Agreement (the “Voting Agreement”) with Barry Diller, Diane von Furstenberg and Alexander von Furstenberg\n(collectively the “Voting Agreement Parties”). Mr. Diller and Mr. von Furstenberg are members of the People Board of\nDirectors (the “Board”), and Mr. Diller is People’s Chairman and Senior Executive. Among them, the Voting Agreement\nParties have the right (or may be deemed to have the right) to direct the voting of shares of People Class B Common Stock, par value $0.0001\nper share (the “Class B Common Stock”) and People Common Stock, par value $0.0001 per share (the “Common Stock”\nand together with the Class B Common Stock, the “People Common Stock”) representing in the aggregate approximately\n46.4% of the outstanding voting power of the People Common Stock.\n\n \n\nPursuant to the Voting Agreement,\nthe Voting Agreement Parties have agreed to, and to use commercially reasonable efforts to cause certain other affiliated persons and\nentities to, cause any shares of People Common Stock beneficially owned by such persons and entities representing in excess of 48.5% of\nthe voting power of the People Common Stock to be voted in the same proportion as shares held by the other holders of People Common Stock\n(other than the Voting Agreement Parties, certain of their affiliated persons and entities, certain directors and officers of People,\nand immediate family members of the foregoing) on each matter brought to a vote at any annual or special meeting of People’s stockholders\nor any action proposed to be taken by written consent of People’s stockholders. These voting requirements shall not apply to certain\nmatters, including any matter subject to a separate class vote of the Class B Common Stock or the Common Stock (unless certain ownership\nthresholds are met). The Voting Agreement Parties have also agreed not to, and to use commercially reasonable efforts to cause certain\nof their affiliated persons and entities not to, initiate or participate in any action by written consent of People’s stockholders\nunless an independent committee of disinterested directors of People has directed such solicitation.\n\n \n\nThe Voting Agreement will\nterminate automatically upon the Voting Agreement Parties and their affiliates ceasing to beneficially own 30% or more of the voting power\nof the People Common Stock or upon a change of control of People.\n\n \n\n \n\n \n\n \n\nThe Voting Agreement was negotiated\non behalf of People by a special committee of Board consisting solely of disinterested directors (the “Special Committee”).\nThe Special Committee recommended that the Board approve the Voting Agreement.\n\n \n\nIn connection with the execution\nof the Voting Agreement and upon the recommendation of the Special Committee, the Board approved an authorization for People to repurchase\nan additional ten million shares of People Common Stock. People is not currently conducting repurchases of shares of People Common Stock,\nbut may do so in the future at any time and from time to time.\n\n \n\nThe foregoing description\nof the Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the Voting Agreement, which is\nfiled as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 8.01."}