IAC Welcomes Tor R. Braham to the Board of Directors

IAC Welcomes Tor R. Braham to the Board of Directors

IAC is excited to announce the nomination of Tor R. Braham to its Board of Directors, an essential move that aligns with our upcoming Annual Meeting of Stockholders. This nomination reflects our ongoing commitment to effective corporate governance and strengthens our leadership team.

Enhancing Corporate Governance

The addition of Mr. Braham to our Board marks a significant enhancement in our corporate governance framework. His extensive experience in technology and capital markets positions him as a vital asset as IAC seeks to evolve and adapt to the rapidly changing market landscape. As stated by Bonnie Hammer, Chair of the Nominating Committee, Mr. Braham’s insights will be invaluable to our ongoing strategic initiatives.

Collaborative Shareholder Engagement

Mr. Braham's nomination follows productive discussions with Arkhouse Management Co. LP, demonstrating IAC’s openness to constructive stakeholder dialogue. Gavriel Kahane, Managing Partner at Arkhouse, expressed confidence in Mr. Braham's ability to contribute positively to future board discussions, aiming to boost shareholder value through collaborative governance.

Upcoming Board Composition

As we prepare for the 2025 Annual Meeting, IAC will propose a total of eleven nominees for election. This includes prominent figures such as Chelsea Clinton, Barry Diller, and Michael D. Eisner. Notably, along with Mr. Braham and Richard Zannino, these nominees signify a diverse and seasoned group poised to drive the company’s strategic vision forward.

Implementing a Director Resignation Policy

In our dedication to maintaining high standards of accountability, IAC plans to introduce a director resignation policy. This policy will apply to directors in uncontested elections receiving less than a majority of votes, reinforcing our commitment to transparency and responsiveness to shareholders.

About Tor R. Braham

Tor R. Braham brings a wealth of experience to IAC, currently serving on the board of A10 Networks 10, Inc. since 2018 and has held previous director roles at companies such as Viavi Solutions Inc. and Yahoo! Inc. His background encompasses over a decade in technology M&A at Deutsche Bank and advisory roles at leading law and consulting firms. Mr. Braham holds a J.D. from New York University School of Law and a B.A. from Columbia College, underscoring his robust academic and professional foundation.

IAC Overview

IAC (NASDAQ: IAC) is driven by the philosophy of building innovative companies that challenge conventional paradigms. Through the evolution of our brand, we have transitioned into a conglomerate featuring leading businesses like Dotdash Meredith and Care.com, alongside strategic investments in other high-potential sectors. As we continue to expand our diverse portfolio, our founding principles of financial discipline and entrepreneurial spirit remain steadfast.

Frequently Asked Questions

What was the reason for Tor R. Braham's nomination?

His extensive experience in technology and capital markets will enhance IAC's Board of Directors, supporting strategic decision-making.

Who else is nominated for the Board apart from Mr. Braham?

The Board has also nominated notable figures such as Chelsea Clinton, Barry Diller, and Michael D. Eisner for election.

What changes are IAC implementing for corporate governance?

IAC plans to introduce a policy requiring director resignations in uncontested elections if they do not receive a majority vote.

How does IAC engage with shareholders?

IAC values open dialogue with stakeholders and engages in discussions that promote mutual understanding and collaboration.

What is the future direction of IAC?

IAC aims to continue evolving by acquiring innovative products and brands while maintaining a commitment to financial discipline and market leadership.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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