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IAC/INTERACTIVECORP

(IAC)
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IAC/INTERACTIVECORP : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

06/08/2021 | 05:10pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.



On June 2, 2021, Glenn H. Schiffman, Executive Vice President and Chief Financial Officer of IAC/InterActiveCorp (the "Company"), informed the Company that, after serving in this role since 2016, he will step down, effective August 6, 2021 or such earlier date as is agreed by the Company and Mr. Schiffman, to pursue another opportunity. The Company has begun a search for a new Chief Financial Officer and, if a replacement is not appointed prior to Mr. Schiffman's departure, the Board of Directors of the Company will appoint an interim principal financial officer of the Company until a successor is appointed.

On June 7, 2021, Mr. Westley Moore informed IAC/InterActiveCorp (the "Company") that he was announcing a run for the office of Governor of Maryland and, if he wins, he would immediately resign from his position on the Company's Board of Directors.

Item 7.01 Regulation FD Disclosure.

On June 8, 2021, the Company issued a press release in connection with Mr. Schiffman's departure. The full text of the press release appears in Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.




Exhibit No.                                 Description
    10.1          Separation Agreement dated June 8, 2021 between IAC and Mr.
                Schiffman
    99.1          Press Release of IAC/InterActiveCorp, dated June 8, 2021.
     104        Cover Page Interactive Data File (embedded within the Inline XBRL
                document).

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 3 353 M - -
Net income 2021 197 M - -
Net cash 2021 3 261 M - -
P/E ratio 2021 64,2x
Yield 2021 -
Capitalization 12 172 M 12 172 M -
EV / Sales 2021 2,66x
EV / Sales 2022 2,26x
Nbr of Employees 8 200
Free-Float 87,3%
Chart IAC/INTERACTIVECORP
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IAC/InterActiveCorp Technical Analysis Chart | IAC | US44891N2080 | MarketScreener
Technical analysis trends IAC/INTERACTIVECORP
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 17
Last Close Price 136,54 $
Average target price 211,69 $
Spread / Average Target 55,0%
EPS Revisions
Managers and Directors
Joseph M. Levin Chief Executive Officer & Director
Glenn H. Schiffman Chief Financial Officer & Executive Vice President
Barry Charles Diller Chairman
Chelsea Clinton Independent Director
Michael D. Eisner Independent Director
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