IAC Nominates Tor R. Braham to Board of Directors

Core Insights - IAC is enhancing its corporate governance by adding Tor R. Braham to its Board of Directors in connection with the 2025 Annual Meeting of Stockholders [1][2] - The addition of Mr. Braham follows constructive engagement with shareholder Arkhouse Management Co. LP, indicating a collaborative approach to governance [2] - The Board has nominated a total of eleven candidates for election, including Mr. Braham, with a focus on creating value for shareholders [3] Corporate Governance Enhancements - The Board intends to adopt a director resignation policy for nominees who receive less than a majority of votes in uncontested elections, reflecting a commitment to accountability [4] - Mr. Braham is expected to join the newly renamed Nominating and Corporate Governance Committee, leveraging his experience in technology and capital markets [1][2] Background of Tor R. Braham - Mr. Braham has extensive experience in board service and investment banking, having served on various boards including A10 Networks and Viavi Solutions, and held senior roles at Deutsche Bank and Credit Suisse [5] - His educational background includes a J.D. from New York University School of Law and a B.A. from Columbia College, enhancing his qualifications for the Board [5] About IAC - IAC is a company focused on building and acquiring new products and brands, with a history of evolving into independent, publicly traded companies [6] - The company holds strategic equity positions in various industries, including MGM Resorts International and Turo Inc., showcasing its diversified investment strategy [6]