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Form 8-K IDT CORP For: Aug 24

August 25, 2022 4:36 PM
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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): August 24, 2022

 

 

 

IDT CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-16371   22-3415036

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

520 Broad Street

Newark, New Jersey

  07102
(Address of principal executive offices)   (Zip Code)

 

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):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class   Trading Symbol  

Name of each exchange on which registered

Class B common stock, par value $0.01 per share   IDT   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01. Regulation FD.

 

On August 25, 2022, the Registrant issued a press release regarding the matter discussed under Item 8.01 below. A copy of the announcement is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

The Registrant is furnishing the information contained in this portion of this Report, including Exhibit 99.1, pursuant to Item 7.01 of Form 8-K promulgated by the Securities and Exchange Commission (the “SEC”). This information shall not be deemed to be “filed” with the SEC or incorporated by reference into any other filing with the SEC unless otherwise expressly stated in such filing.

 

Item 8.01. Other Events.

 

As previously disclosed, on September 20, 2016, IDT Corporation (the “Company”) received a letter of inquiry from the Enforcement Bureau of the Federal Communications Commission (the “FCC”) requesting certain information and materials related to an investigation of potential violations by Straight Path Spectrum LLC (formerly a subsidiary of the Company) in connection with licenses to operate on the 28 GHz and 39 GHz bands of the Fixed Microwave Services. The Company cooperated with the FCC in this matter.

 

On August 24, 2022, the Enforcement Bureau of the Federal Communications Commission’s Spectrum Enforcement Division informed the Company that, at this time, the Bureau had completed its review of the record regarding the matter and does not plan to take action in the matter.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Document
99.1   Press Release of the Registrant, dated August 25, 2022.

104

 

Cover Pager Interactive Data File, formatted in Inline XBRL document

 

 

 

 

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.

 

  IDT CORPORATION  
     
  By: /s/ Shmuel Jonas
  Name: Shmuel Jonas
  Title: Chief Executive Officer

 

Dated: August 25, 2022

 

 

 

 

EXHIBIT INDEX

 

Exhibit Number   Document
99.1   Press Release of the Registrant, dated August 25, 2022.

104

 

Cover Pager Interactive Data File, formatted in Inline XBRL document

 

 

 

 

Exhibit 99.1

 

 

FCC Concludes Inquiry into Renewal of Spectrum Licenses Included in Straight Path Spin-Off: Says it Does Not Plan Further Action

 

NEWARK, NJ – August 25, 2022: IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, announced today that it has been informed by the Enforcement Bureau of the Federal Communications Commission’s Spectrum Enforcement Division that the Bureau has completed its review of the record regarding the renewal of spectrum licenses included in IDT’s 2013 spinoff of Straight Path Communications and, at this time, does not plan to take further action in the matter.

 

“We cooperated with the Enforcement Bureau throughout their review, and welcome this outcome,” said Shmuel Jonas, IDT’s Chief Executive Officer.

 

About IDT Corporation:

 

IDT Corporation (NYSE: IDT) is a global provider of fintech, cloud communications, and traditional communications services. We make it easy for families to contact and support each other across international borders. We also enable businesses to transact and communicate with their customers with enhanced intelligence and insight.

 

Our BOSS Money international remittance and BOSS Revolution international calling services make sending money and speaking with friends and family around the world convenient and reliable. National Retail Solutions’ (NRS) point-of-sale retail network enables independent retailers to operate and process transactions more effectively while providing advertisers and consumer marketers with unprecedented reach into underserved consumer markets. net2phone’s communications-as-a-service solutions provide businesses with intelligently integrated cloud communications and collaboration tools across channels and devices. Our IDT Global and IDT Express wholesale offerings enable communications service enterprises to provision and manage international voice and SMS services.

 

Contact:

 


Bill Ulrey

IDT Investor Relations

Phone: (973) 438-3838

E-mail: [email protected]

 

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