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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):
June 4, 2026
People Incorporated
(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)
IAC Inc.
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 exchange on which registered |
| Common Stock, par value $0.0001 |
|
PPLI |
|
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 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
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. The full text of the Certificate of Amendment is attached as Exhibit 3.1 hereto and is incorporated
herein by reference.
There were no other changes
to the Company’s Restated Certificate of Incorporation in connection with the Name Change. In connection with the Name Change, the
Company’s common stock, par value $0.0001 per share (the “Common Stock”), will cease trading under the ticker symbol
“IAC” and will begin trading under the ticker symbol “PPLI” on The Nasdaq Stock Market LLC (Nasdaq Global Select
Market), effective June 4, 2026. The CUSIP number for the Common Stock will remain 44891N 208.
The Company also amended its
Amended and Restated By-laws (the “Amended and Restated By-laws”) to reflect the Name Change. The full text of the Amended
and Restated By-laws is attached hereto as Exhibit 3.2 and is incorporated herein by reference.
On June 4, 2026, the Company
issued a press release with respect to the Name Change. The press release is attached as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
Exhibits.
| Exhibit No. |
Description |
| 3.1 |
Certificate of Amendment of Restated Certificate of Incorporation of People Incorporated (formerly IAC Inc.). |
| 3.2 |
Amended and Restated By-laws of People Incorporated (formerly IAC Inc.). |
| 99.1 |
Press Release of People Incorporated (formerly IAC Inc.), dated June 4, 2026. |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| |
People Incorporated |
| |
|
| |
By: |
/s/ Kendall Handler |
| |
Name: |
Kendall Handler |
| |
Title: |
Executive Vice President, Chief Legal Officer & Secretary |
Date: June 4, 2026
Exhibit 99.1
IAC is Now People Incorporated with New Ticker
Symbol
Shares
will begin trading under new Nasdaq stock symbol “PPLI” effective at market open today
NEW YORK—June 4, 2026—Today
People Incorporated, formerly IAC (Nasdaq: IAC), announced its legal name change and that the Company’s
common stock, listed on the Nasdaq Capital Market, will begin trading under the new ticker symbol PPLI, effective at market open
today June 4, 2026. People Incorporated is the public entity that owns America’s largest publisher People Inc., and a significant
minority stake in MGM Resorts International.
The planned name change was previously
announced in a Letter to Shareholders on April 28, 2026.
The ticker change
takes effect on June 4, 2026. No action is required by shareholders. The Company’s common stock will continue to trade on the
Nasdaq and its CUSIP number will remain unchanged. Investors can visit ir.people-incorporated.com for further company information.
About People Incorporated
People Incorporated (Nasdaq: PPLI) is the owner of America’s
largest publisher, People Inc., home to more than 40 celebrated brands including PEOPLE, Food & Wine, Travel + Leisure, InStyle,
Better Homes & Gardens, and Southern Living, attracting a total of 175 million consumers each month. The company also holds a
significant minority stake in MGM Resorts International, reflecting our belief in the power and potential of businesses built around enduring
consumer brands and iconic, real-world experiences.
People Incorporated represents the latest evolution in a long tradition
of entrepreneurial ownership, disciplined capital allocation, and opportunistic value creation. Over three decades, the company has built,
operated, invested in, and spun off many of the internet and media industry’s defining businesses, and that same spirit of opportunism
drives us today. People Incorporated is headquartered in New York City. Visit ir.people-incorporated.com.
Contact Us
People Incorporated Investor Relations
Mark Schneider
(212) 314-7400
People Incorporated Corporate Communications
Valerie Combs
(212) 314-7251