secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001493152-23-045269
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.01, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Howard Jonas gains 70.8% voting power after trust shares transfer; IDT becomes a controlled company
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- On Dec 14, 2023, trusts for children of Howard Jonas transferred 1.57M Class A shares (100% of Class A, 66.7% voting power) to a limited partnership managed by Jonas.
- Following transfer, Jonas holds ~70.8% of total voting power, making IDT a controlled company under NYSE rules.
- At Dec 13 meeting, all five director nominees elected, each receiving >88% of votes cast.
- Shareholders approved 2015 plan amendment (+250K shares, 99.22% for) and 2024 Equity Incentive Plan (88.91% for).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315223045269/0001493152-23-045269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315223045269/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045269

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