PPLI

• Timothy Quinn, age 54, appointed Chief Financial Officer effective August 5, 2026; he previously served as CFO and Head of Strategy of People Inc. since January 2015.
• Vogel's employment agreement provides an annual base salary of $1,000,000 and a target annual cash bonus of 100% of base salary.
• Quinn's employment agreement provides an annual base salary of $600,000 and a target annual cash bonus of 50% of base salary.
• Both agreements have one-year terms with automatic renewals and include severance provisions for qualifying terminations.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• On July 16, 2026, People Incorporated held its 2026 Annual Meeting of Stockholders with a quorum present.
• A non-binding advisory vote on 2025 executive compensation was approved with 80,590,428 votes for, 26,411,230 against, and 420,635 withheld.
• The ratification of Ernst & Young LLP as independent auditor for fiscal 2026 was approved with 113,342,015 votes for, 113,364 against, and 82,634 withheld.
• The record date for the meeting was May 20, 2026, with 68,597,997 common shares and 5,789,499 Class B common shares outstanding and entitled to vote.

5.07 Submission of Matters to a Vote of Security Holders

• On June 16, 2026, Christopher Currier was appointed Chief Accounting Officer (Principal Accounting Officer) of People Incorporated, effective immediately.
• Concurrently, Michael H. Schwerdtman retired as Senior Vice President, Chief Accounting Officer, effective June 16, 2026, and will remain as an advisor through February 28, 2027.
• Currier entered into a Retention Agreement dated May 26, 2026, providing for accelerated vesting of RSU awards upon termination without cause.
• On June 22, 2026, People entered into a Voting Agreement with Barry Diller, Diane von Furstenberg, and Alexander von Furstenberg, who together control approximately 46.4% of voting power.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• The common stock began trading under the new ticker symbol 'PPLI' on the Nasdaq Global Select Market on June 4, 2026, replacing the former 'IAC' symbol.
• The CUSIP number for the common stock remains unchanged at 44891N 208.
• The company also amended its Amended and Restated By-laws to reflect the name change.
• A press release announcing the name change was issued on June 4, 2026, and the change was previously announced in a Letter to Shareholders on April 28, 2026.

5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits

• IAC received a non-renewal notice from Google on December 10, 2025 for the services agreement dated October 26, 2015, which expired on April 30, 2026.
• On June 2, 2026, IAC posted supplemental financial information on its website reflecting the Search segment as discontinued operations under ASC 205.
• The supplemental financial information shows continuing operations revenue of $405.8 million for Q1 2026 and $1.83 billion for full-year 2025.
• The filing was made under Item 7.01 Regulation FD Disclosure, with the supplemental financial information furnished as Exhibit 99.1.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The proposal offers $48.30 per share in cash, a 24.1% premium to MGM's 30-day volume-weighted average price as of May 29, 2026, and a 10.6% premium to the most recent closing price.
• IAC currently owns 26.1% of MGM's outstanding common stock.
• The transaction would be funded with existing cash on hand and additional debt and equity commitments, with IAC expected to own just over 50.1% of the post-closing equity and control the business.
• The proposal is subject to customary conditions, including negotiation of a definitive agreement, and is not subject to a financing condition.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Q1 2026 total revenue decreased 12% year-over-year to $422.9 million, with operating loss of $40.1 million and net loss of $71.9 million.
• IAC completed the sale of Care.com for net proceeds of $296 million, reflected as discontinued operations in Q1 2026.
• IAC repurchased 2.9 million of its common shares for $111 million and purchased an additional 1.0 million MGM shares for $37 million.
• IAC expects annual run-rate operating expense savings of $40 million and $20-$25 million in reduced stock-based compensation from restructuring, with $14 million in severance and related expenses expected.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• IAC will change its name to People Incorporated, expected to occur with Q2 2026 earnings in August.
• Neil Vogel, current CEO of People, will become CEO of the Company, and Tim Quinn, current CFO of People, will become CFO, upon the Separation Effective Date.
• Halpin and Handler entered employment transition agreements dated April 27, 2026, providing 12 months base salary, discretionary 2026 bonus, and full vesting of unvested equity awards upon qualifying termination.
• The Company expects approximately $63 million in total costs for the consolidation plan, including $14 million severance, $48 million non-cash stock-based compensation, and $0.5-1 million other costs.

2.02 Results of Operations and Financial Condition · 2.05 Costs Associated with Exit or Disposal Activities · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits