f8k072209_idt.htm
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): July 22, 2009
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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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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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
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers
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(b) By letter
dated July 22, 2009, IDT Corporation (the “Registrant” or the
“Company”) notified its Chief Executive Officer (“CEO”), Jim Courter,
that it would not renew Mr. Courter’s employment agreement with the
Company. It is anticipated that Mr. Courter will
retire from his CEO position with the Company effective upon the expiration of
his employment agreement on October 21, 2009. The
employment agreement between Mr. Courter and the Company required that a
notification of non-renewal be given at least 90 days prior to the scheduled
expiration of the term of the agreement. The Company and Mr. Courter
are discussing the terms of Mr. Courter continuing to serve the Company as Vice
Chairman.
As
previously announced by the Company on October 3, 2008, the Company and Mr.
Howard Jonas intend that Mr. Jonas will succeed Mr. Courter as CEO of the
Company (in addition to his current duties as Chairman of the Board of the
Company) upon Mr. Courter’s retirement.
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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By:
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Name:
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James
A. Courter
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Title:
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Chief
Executive Officer
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Dated:
July 28, 2009
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