IAC Nominates Tor R. Braham to Board of Directors
IAC has announced plans to nominate Tor R. Braham to its Board of Directors for the 2025 Annual Meeting of Stockholders. This move comes after constructive discussions with shareholder Arkhouse Management.
The board nomination includes twelve candidates in total, with Braham joining notable members such as Chelsea Clinton, Barry Diller, and Michael D. Eisner. Braham, selected in consultation with Arkhouse, will serve on the renamed Nominating and Corporate Governance Committee.
Key corporate governance enhancements include:
- Addition of Braham to strengthen technology and capital markets expertise
- Implementation of a director resignation policy for uncontested elections
- Restructuring of the Nominating Committee
The announcement reflects IAC's commitment to shareholder value and board effectiveness through collaborative engagement with investors.
IAC ha annunciato l'intenzione di nominare Tor R. Braham nel proprio Consiglio di Amministrazione in occasione dell'Assemblea Annuale degli Azionisti del 2025. Questa decisione segue un dialogo costruttivo con l'azionista Arkhouse Management.
La nomina al consiglio comprende un totale di dodici candidati, con Braham che si unisce a membri di rilievo come Chelsea Clinton, Barry Diller e Michael D. Eisner. Braham, scelto in consultazione con Arkhouse, farà parte del Comitato di Nomina e Governance Aziendale, recentemente rinominato.
Tra i principali miglioramenti nella governance aziendale si evidenziano:
- L'inserimento di Braham per rafforzare le competenze in tecnologia e mercati finanziari
- L'adozione di una politica di dimissioni per i direttori in caso di elezioni non contestate
- La ristrutturazione del Comitato di Nomina
L'annuncio sottolinea l'impegno di IAC nel valorizzare gli azionisti e nell'aumentare l'efficacia del consiglio attraverso un coinvolgimento collaborativo con gli investitori.
IAC ha anunciado planes para nominar a Tor R. Braham en su Junta Directiva para la Reunión Anual de Accionistas de 2025. Esta decisión surge tras discusiones constructivas con el accionista Arkhouse Management.
La nominación incluye un total de doce candidatos, con Braham uniéndose a miembros destacados como Chelsea Clinton, Barry Diller y Michael D. Eisner. Braham, seleccionado en consulta con Arkhouse, formará parte del Comité de Nominaciones y Gobernanza Corporativa, recientemente renombrado.
Las mejoras clave en la gobernanza corporativa incluyen:
- Incorporación de Braham para fortalecer la experiencia en tecnología y mercados de capital
- Implementación de una política de renuncia para directores en elecciones no disputadas
- Reestructuración del Comité de Nominaciones
El anuncio refleja el compromiso de IAC con el valor para los accionistas y la eficacia del consejo a través de un compromiso colaborativo con los inversores.
IAC는 2025년 주주총회를 위해 Tor R. Braham을 이사회에 지명할 계획을 발표했습니다. 이 결정은 주주 Arkhouse Management와의 건설적인 논의 후에 이루어졌습니다.
이사회 지명에는 총 12명의 후보가 포함되며, Braham은 Chelsea Clinton, Barry Diller, Michael D. Eisner와 같은 주목할 만한 멤버들과 함께 합니다. Arkhouse와 협의하여 선정된 Braham은 새롭게 명칭이 변경된 지명 및 기업 거버넌스 위원회에서 활동할 예정입니다.
주요 기업 거버넌스 개선 사항은 다음과 같습니다:
- 기술 및 자본 시장 전문성을 강화하기 위한 Braham 추가
- 경쟁 없는 선거 시 이사 사임 정책 도입
- 지명 위원회 재구성
이번 발표는 투자자와의 협력적 참여를 통해 주주 가치와 이사회 효율성에 대한 IAC의 의지를 반영합니다.
IAC a annoncé son intention de nommer Tor R. Braham au sein de son conseil d'administration lors de l'assemblée générale annuelle des actionnaires de 2025. Cette décision fait suite à des discussions constructives avec l'actionnaire Arkhouse Management.
La nomination au conseil comprend un total de douze candidats, avec Braham rejoignant des membres notables tels que Chelsea Clinton, Barry Diller et Michael D. Eisner. Braham, choisi en consultation avec Arkhouse, siègera au comité renommé de nomination et de gouvernance d'entreprise.
Les principales améliorations en matière de gouvernance d'entreprise incluent :
- L'ajout de Braham pour renforcer l'expertise en technologie et marchés financiers
- La mise en place d'une politique de démission des administrateurs en cas d'élections non contestées
- La restructuration du comité de nomination
Cette annonce reflète l'engagement d'IAC envers la création de valeur pour les actionnaires et l'efficacité du conseil grâce à une collaboration étroite avec les investisseurs.
IAC hat Pläne angekündigt, Tor R. Braham für den Vorstand zur Jahreshauptversammlung 2025 zu nominieren. Dieser Schritt folgt auf konstruktive Gespräche mit dem Aktionär Arkhouse Management.
Die Vorstandsnominierung umfasst insgesamt zwölf Kandidaten, wobei Braham zu namhaften Mitgliedern wie Chelsea Clinton, Barry Diller und Michael D. Eisner stößt. Braham, in Absprache mit Arkhouse ausgewählt, wird im umbenannten Nominierungs- und Corporate-Governance-Ausschuss tätig sein.
Wesentliche Verbesserungen in der Unternehmensführung umfassen:
- Ergänzung durch Braham zur Stärkung der Expertise in Technologie und Kapitalmärkten
- Einführung einer Rücktrittsregelung für Direktoren bei unangefochtenen Wahlen
- Umstrukturierung des Nominierungsausschusses
Die Ankündigung unterstreicht IACs Engagement für Aktionärswert und Vorstandseffektivität durch eine kooperative Zusammenarbeit mit Investoren.
- Board strengthening with addition of Tor R. Braham, bringing technology and capital markets expertise
- Constructive engagement with major shareholder Arkhouse Management, showing improved stakeholder relations
- Enhanced corporate governance through new director resignation policy implementation
- Strategic board restructuring with Braham joining the Nominating Committee
- None.
Implements Corporate Governance Enhancements
Follows Constructive Engagement with Arkhouse
"We look forward to welcoming Tor Braham to the Board," said Bonnie Hammer, Chair of the Board's Nominating Committee. "We believe Mr. Braham's background in technology and capital markets as well as his board service experience will be valuable as IAC continues to execute its strategy."
Upon his addition to the Board, Mr. Braham is expected to join the Nominating Committee, which will be renamed the Nominating and Corporate Governance Committee.
Mr. Braham's addition to the IAC Board follows the Company's constructive engagement with shareholder Arkhouse Management Co. LP. "We've enjoyed the open, thoughtful dialogue with IAC and are confident that Tor Braham will be a strong addition to the boardroom as the Company works to create value for all shareholders," said Gavriel Kahane, Managing Partner at Arkhouse.
In addition to Mr. Braham, the Board has nominated the following eleven candidates for election at the 2025 Annual Meeting: Chelsea Clinton, Barry Diller, Michael D. Eisner, Bonnie S. Hammer, Victor A. Kaufman, Bryan Lourd, David Rosenblatt, Maria Seferian, Alan G. Spoon, Alexander von Furstenberg and Richard Zannino. The candidates for election by the common stockholders will be Mr. Braham, Mr. Spoon, and Mr. Zannino. Mr. Braham and Mr. Zannino were selected for election by the common stockholders in consultation with Arkhouse.
Following the 2025 Annual Meeting, the Board also intends to adopt a director resignation policy for nominees who receive less than a majority of votes cast in uncontested director elections.
About Tor R. Braham
Tor R. Braham has served as a member of the board of directors of A10 Networks 10, Inc. since March 2018. He also served as a director of Viavi Solutions Inc., a network and service enablement and optical coatings company from May 2017 to November 2024. Mr. Braham is also Of Counsel to the law firm of King,
About IAC
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 10 independent, public-traded companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially-disciplined opportunism will never change. IAC is today comprised of category-leading businesses Dotdash Meredith (DDM) and Care.com among others and holds strategic equity positions in businesses across several industries, including MGM Resorts International and Turo Inc. IAC is headquartered in
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: the future financial performance of IAC and its businesses, business prospects and strategy, anticipated trends and prospects in the industries in which IAC's businesses operate and other similar matters.
Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including the risks and uncertainties described in IAC's filings with the Securities and Exchange Commission (the "SEC"), including the most recent Annual Report on Form 10-K filed with the SEC on February 28, 2025, and subsequent reports that IAC files with the SEC. Other unknown or unpredictable factors that could also adversely affect IAC's business, financial condition and results of operations may arise from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Contact Us
IAC Investor Relations
Mark Schneider
(212) 314-7400
IAC Corporate Communications
Valerie Combs
(212) 314-7251
IAC
555 West 18th Street,
View original content:https://www.prnewswire.com/news-releases/iac-nominates-tor-r-braham-to-board-of-directors-302440444.html
SOURCE IAC
FAQ
Who is Tor R. Braham joining IAC (NASDAQ: IAC) board in 2025?
What corporate governance changes is IAC implementing in 2025?
How many board members will IAC have after the 2025 Annual Meeting?
What is Arkhouse Management's role in IAC's board changes?
Which IAC board members will be elected by common stockholders in 2025?
