---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046390"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:12:56.973216+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# IDT enters amended employment agreement with COO Pereira through Jan 2027

## Summary
- Base salary $500,000/year; target bonus $300,000 (with $150K satisfied by equity).
- Equity grants: 23,500 DSUs, 50,000 restricted shares of net2phone 2.0, plus additional DSUs.
- Contingent bonus up to $1M per milestone (max two) based on revenue or EBITDA targets.
- Severance of $800,000 if terminated without cause or resignation for good reason.
- Agreement runs from Nov 1, 2023 to Jan 31, 2027, replacing 2017 agreement.

## SEC filing metadata
- accession: 0001493152-23-046390
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315223046390/0001493152-23-046390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315223046390/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046390
- JSON: https://secwatch.observer/filing/0001493152-23-046390.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046390.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.