UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported): January
30, 2006
IDT
CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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1-16371
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22-3415036
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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520
Broad Street
Newark,
New Jersey
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07102
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (973)
438-1000
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On
January 30, 2006, Morris Lichtenstein was appointed Chief Operating Officer
of
IDT Corporation. In connection with the appointment, Mr. Lichtenstein
resigned from his position as Chief Executive Officer and Treasurer of IDT
Telecom, Inc., the Registrant’s largest subsidiary (“IDT Telecom”), and
Executive Vice President of Business Development of the Registrant. Mr.
Lichtenstein remains Chairman of the Board of IDT Telecom. Prior to his recent
appointment, Mr.
Lichtenstein had already been an executive officer of the Registrant and his
compensation arrangements were disclosed in the Registrant’s proxy
statement,
filed
November 1, 2005.
Mr.
Lichtenstein served as the Executive Vice President of Business Development
of
the Registrant since January 2000. From January 1999 to December 1999,
Mr. Lichtenstein served as Controller of the Registrant. Since May 2001,
Mr. Lichtenstein has also served as the Vice Chairman of the Board of
Directors and Chief Executive Officer of IDT Telecom. From 1988 to 1998,
Mr. Lichtenstein was the Controller of Mademoiselle Knitwear, Inc.
Mr. Lichtenstein received a B.A. from Touro College. Mr. Lichtenstein is
41.
Effective
January 30, 2006, the Registrant appointed Mr. Yona Katz to succeed Mr.
Lichtenstein as Chief Executive Officer and Treasurer of IDT Telecom and as
Executive Vice President of Business Development of the Registrant.
Mr.
Katz
has served as Chief Operating Officer of IDT Telecom since February 2003.
Mr. Katz has also served as Executive Vice President of IDT Telecom, Chief
Operating Officer of IDT Ventures and Vice President of Finance of the
Registrant since joining the Registrant in 1999. From 1996 to 1999, Mr.
Katz was Chief Operating Officer of Dollspart Supply. Mr. Katz has an
M.B.A. in Finance from Baruch and a B.S. in Mathematics from Touro College.
Mr.
Katz is 35.
Mr.
Lichtenstein and Mr. Katz have informed the Registrant that they are not related
to any other board member or executive officer of the Registrant or IDT Telecom.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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IDT
CORPORATION
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| Date: February
1, 2006 |
By: |
/s/ JAMES
A.
COURTER
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James A. Courter |
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Chief Executive
Officer
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