Form 8-K IDT CORP For: Aug 24
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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):
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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).
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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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