People Incorporated (formerly IAC Inc.) filed a Current Report on Form 8-K with the SEC on September 11, 2026. The filing details a corporate rebranding, updates on the company's debt structure, and the accounting treatment of several discontinued operations.
The company announced that on June 4, 2026, it changed its name from IAC Inc. to People Incorporated. The entity is described as the owner of the publisher, People Inc. Group. Additionally, on June 30, 2026, the company's subsidiary, Dotdash Meredith Inc., amended its certificate of incorporation to change its name to People Inc. Group. The subsidiary had been rebranded as “People Inc.” on July 31, 2025.
The filing outlines significant changes to the company's operating segments effective January 1, 2026. The digital portion of a legacy agency business was moved from the Print segment to the Digital segment to align with the D/Cipher advertising capabilities. Financial information for both segments has been recast to reflect this change for all periods presented.
Regarding discontinued operations, the filing notes that the Search segment ceased operations on April 30, 2026, following the expiration of a services agreement with Google Inc. The company also reported the sale of its wholly-owned subsidiary, Care.com, for net proceeds of $300.2 million, with the final $4.5 million received in July 2026. Furthermore, the sale of the Mosaic Group assets was completed on February 15, 2024, for approximately $160 million.
The filing provides an update on the company's long-term debt. On May 14, 2025, People Incorporated entered into an Incremental Assumption Agreement and Amendment No. 2 to its Credit Agreement. This amendment replaced $288.8 million of the outstanding Term Loan A with $350 million of a new Term Loan A-1 and established a new $150 million revolving credit facility. As of December 31, 2025, the outstanding balance on the Term Loan A-1 was $341.3 million, bearing interest at a rate of 5.73%.
