IDT Corp DEF 14A: Executive Compensation & Equity Awards

TL;DR

IDT Corp's DEF 14A is out, detailing exec pay and equity awards for FY24. Check it for shareholder info.

AI Summary

IDT Corp filed its DEF 14A on November 1, 2024, for the fiscal year ending July 31, 2024. The filing details executive compensation and other corporate governance matters. Key information includes data on equity awards granted, outstanding, and unvested for the fiscal years 2021 through 2024, with specific breakdowns for increases and aggregates.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting the company's financial health and investor confidence.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that primarily discloses executive compensation and corporate governance information, not typically indicative of immediate financial distress or significant operational changes.

Key Numbers

• 2024-07-31 — Fiscal Year End (The reporting period for the compensation data.)
• 2023-08-01 — Fiscal Year Start (The beginning of the reporting period for compensation data.)

Key Players & Entities

• IDT CORP (company) — Filer of the DEF 14A
• 2024-11-01 (date) — Filing date
• 2024-07-31 (date) — Fiscal year end

FAQ

Key Financial Figures

• $0.01 — mpany's Class A common stock, par value $0.01 per share ("Class A Common Stock") and
• $120,000 — within the last three years, more than $120,000 in direct compensation from the Company
• $1 million — iscal Years, exceeds the greater of (a) $1 million or (b) two percent of the consolidated

Filing Documents

• formdef14a.htm (DEF 14A) — 807KB
• def14a_001.jpg (GRAPHIC) — 2KB
• def14a_002.jpg (GRAPHIC) — 2KB
• 0001493152-24-043361.txt ( ) — 1417KB
• idt-20240731.xsd (EX-101.SCH) — 9KB
• idt-20240731_def.xml (EX-101.DEF) — 14KB
• idt-20240731_lab.xml (EX-101.LAB) — 80KB
• idt-20240731_pre.xml (EX-101.PRE) — 50KB
• formdef14a_htm.xml (XML) — 81KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Rule 14a-12 IDT Corporation (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rule 14a-6(i)(1), and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transactions applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: IDT CORPORATION 520 Broad Street Newark, New Jersey 07102 (973) 438-1000 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TIME AND DATE: 11:00 a.m., local time, on Wednesday, December 12, 2024 PLACE: Offices of IDT Corporation, 520 Broad Street, Newark, New Jersey 07102 ITEMS OF BUSINESS: 1. To elect five directors, each for a term of one year. 2. To conduct an advisory vote on executive compensation. 3. To conduct an advisory vote on the frequency of future advisory votes on executive compensation. 4. To transact other business as may properly come before the Annual Meeting and any adjournment or postponement thereof. RECORD DATE: You can vote if you were a stockholder of record as of the close of business in New York, New York on October 18, 2024. PROXY VOTING: You can vote either in person at the Annual Meeting or by proxy without attending the meeting. See details under the heading "How do I Vote?" ANNUAL MEETING IN-PERSON ADMISSION: If you were a stockholder of record as of the close of business in New York, New York on October 18, 2024, a form of personal photo identification must be presented in order to be admitted to the Annual Meeting. If your shares are held in the name of a bank, broker or other holder of record, you must bring a brokerage statement or other written proof of ownership as of October 18, 2024 with you to the Annual Meeting, as well as a form of personal photo identification. The Company requests that any stockholder seeking to attend the Annual Meeting in person first email the Company's investor relations department at invest@idt.net to RSVP. ANNUAL MEETING DIRECTIONS: You may request directions to the Annual Meeting via email at invest@idt.net or by calling IDT Investor Relations at (973) 438-3838. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE IDT CORPORATION STOCKHOLDERS MEETING TO BE HELD ON DECEMBER 12, 2024: The Notice of Annual Meeting and Proxy Statement and the 2024 Annual Report are available at: www.idt.net/investors-and-media BY ORDER OF THE BOARD OF DIRECTORS Joyce J. Mason Executive Vice President, General Counsel and Corporate Secretary Newark, New Jersey November 1, 2024 PROXY GENERAL INFORMATION Introduction This Proxy Statement is being furnished to the stockholders of record of IDT Corporation, a Delaware corporation (the "Company" or "IDT") as of the close of business in New York, New York on October 18, 2024, in connection with the solicitation by the Company's Board of Directors (the "Board of Directors") of proxies for use in voting at the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Annual Meeting will be held on Wednesday, December 12, 2024 at 11:00 a.m., local time, at the offices of IDT, 520 Broad Street, Newark, New Jersey 07102. The shares of the Company's Class A common stock, par value $0.01 per share ("Class A Common Stock") and Class B common stock, par value $0.01 per share ("Class B Common Stock"), present at the Annual Meeting or represented by the proxies received by Internet or mail (properly marked, dated and executed) and not revoked, will be voted at the Annual Meeting. This Proxy Statement is being mailed to the Company's stockholders starting on or about November 7, 2024. Solicitation and Voting Procedures This solicitation of proxies is being made by the Company. The solicitation is being conducted by mail, and the Company

View Full Filing

View this DEF 14A filing on SEC EDGAR