IAC Inc. filed an Amendment No. 1 on Form 10-K/A to its Annual Report for the fiscal year ended December 31, 2025, primarily to include information for Part III (Items 10-14) and Section 302 certifications, which were previously omitted. Joseph Levin transitioned out of his role as Chief Executive Officer and Board member effective March 31, 2025, and was appointed Executive Chairman of Angi Inc. as of April 1, 2025. Following Mr. Levin's departure, IAC does not currently intend to appoint a new CEO; Christopher Halpin (EVP, COO, CFO) and Kendall Handler (EVP, Chief Legal Officer, Secretary) now report directly to Chairman and Senior Executive Barry Diller. The Board of Directors consists of 12 members, with 9 independent directors, and oversees risk management, including financial, information security, cybersecurity, and compensation-related risks. Executive compensation for 2025 included base salaries, annual cash bonuses, and equity awards (RSUs), with a philosophy emphasizing variable, contingent compensation and long-term equity ownership. Consolidated operating income (loss) and Adjusted EBITDA improved in 2025 relative to 2024, despite a general decline in revenue across businesses. IAC ended 2025 with approximately $960 million in cash and cash equivalents and marketable debt securities, with $284 million held by People Inc. (formerly Dotdash Meredith Inc.). The company completed the Angi Spin-Off, initiated the sale process for its Care.com business and other non-core businesses, and increased its ownership in MGM Resorts International to 25%. Related party transactions include cost-sharing and aircraft arrangements with Expedia Group, and post-spin-off agreements with Vimeo, which was acquired by Bending Spoons US Inc. on November 24, 2025. Auditor fees paid to Ernst & Young LLP for 2025 totaled $7,507,481, including $7,317,481 for audit services. The ratio of the former CEO's (Joseph Levin) 2025 annual total compensation ($17,601,042) to the median employee's annual total compensation ($65,754) was approximately 268 to one, significantly impacted by severance-related compensation for Mr. Levin.