f8k100209_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): October 2, 2009
IDT
CORPORATION
(Exact
name of registrant as specified in its charter)
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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On October 2, 2009, IDT Corporation
(the “Registrant” or the “Company”) paid fiscal 2009 bonus awards to its Chief
Financial Officer and certain named executive officers (the “Named Executive
Officers”). In the case of Howard S. Jonas, the Company’s Chairman of
the Board, the Company paid a cash bonus of $350,000. Bill
Pereira, the Company’s Chief Financial Officer, was paid a total cash bonus of
$260,000 and Liore Alroy, an Executive Vice President of the Company and the
Chief Executive Officer and Chairman of the Registrant’s IDT Telecom subsidiary,
was paid a total cash bonus of $ 329,800 (collectively, the
“Grants”). All of the Grants were approved by the Compensation
Committee of the Registrant’s Board of Directors.
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:
October 8, 2009
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