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AI brief of an SEC Form 8-K · Angi Inc. (ANGI)

Angi Names Michael Steib CEO, Succeeding Jeff Kip Effective September 22, 2026

Neutral Impact 4 of 5 leadership Written later

Angi said on September 22, 2026 that board member Michael Steib succeeds Jeff Kip as chief executive, and that Joey Levin stepped down as Executive Chairman and executive officer to become Chairman and remain an employee. The board was reduced by one seat to nine members. The filing gives Steib a $1.00 annual base salary, no cash incentive, and equity awards covering 2,000,000 shares, which matters to shareholders because it sets the terms of the new CEO's pay and dilution.

Key points

  • Steib became CEO effective September 22, 2026; he has been a board member since August 2026 and was TEGNA's president and CEO from August 2024 to May 2026.
  • Steib's employment agreement sets a $1.00 annual base salary, no cash incentive, a 1,000,000-share RSU award, and a 1,000,000-share PSU award tied to stock price hurdles from $10.00 to $20.00.
  • Kip receives an additional $325,000 cash payment and will consult for the company through March 22, 2027.
  • Levin remains Chairman and an employee, and the board size was reduced to nine members.

The filing

CompanyAngi Inc. (ANGI)
Form8-K, current report
Filed with the SECSep 23, 2026, 6:40 AM ET
Accession number0001104659-26-109801

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.