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IDT > SEC Filings for IDT > Form 8-K on 8-Oct-2009All Recent SEC Filings

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Form 8-K for IDT CORP


8-Oct-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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.


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