-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KeRwRzBpwPwj5zYxyUP62LX/tsUX/MRROHodM0I86KPRxKGhVqPr0ZXzLAVSHQRa 3flGpLy5s/nwfBORF3hbGg== 0000950130-03-000134.txt : 20030114 0000950130-03-000134.hdr.sgml : 20030114 20030110150306 ACCESSION NUMBER: 0000950130-03-000134 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030109 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16371 FILM NUMBER: 03510565 BUSINESS ADDRESS: STREET 1: 190 MAIN ST CITY: HACKENSACK STATE: NJ ZIP: 07601 BUSINESS PHONE: 2019281000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 8-K 1 d8k.htm FORM 8-K FORM 8-K
 
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): January 9, 2003
 
IDT Corporation
(Exact name of registrant as specified in its charter)
 
Delaware
 
0-27898
 
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
 
n/a
(Former name or former address, if changed since last report.)


 
Item 5.    Other Events
 
On January 9, 2003, IDT Corporation issued a press release announcing that it is changing the New York Stock Exchange ticker symbols of its common stock and its Class B common stock. As of the opening of trading on February 26, 2003, IDT’s common stock, which currently trades under the symbol IDT, will trade under the symbol IDT.C. As of the opening of trading on March 19, 2003, IDT’s Class B common stock, which currently trades under the symbol IDT.B, will trade under the symbol IDT. As a result, there will be a three-week period when the ticker symbol “IDT” will not be used for either the common stock or the Class B common stock. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits
 
        (c) Exhibits.
 
99.1    Press Release of IDT Corporation issued on January 9, 2003

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SIGNATURES
 
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
Dated: January 10, 2003
  
By: /s/    Joyce J. Mason
    
    
Joyce J. Mason
    
General Counsel and Secretary

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EXHIBIT INDEX
 
Exhibit Number

  
Description

99.1
  
Press Release of IDT Corporation issued on January 9, 2003
 

4
EX-99.1 3 dex991.htm PRESS RELEASE PRESS RELEASE
 
IDT Corporation Announces Plans to Change Its
NYSE Ticker Symbols
 
IDT Common Stock Symbol to Change from IDT to IDT.C and
Class B Common Stock Symbol to Change from IDT.B to IDT
 
NEWARK, N.J., January 9, 2003 — IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today that it is changing the New York Stock Exchange ticker symbols of its common stock and its Class B common stock.
 
As of the opening of trading on February 26, 2003, IDT’s common stock, which currently trades under the symbol IDT, will trade under the symbol IDT.C. As of the opening of trading on March 19, 2003, IDT’s Class B common stock, which currently trades under the symbol IDT.B, will trade under the symbol IDT. As a result, there will be a three-week period when the ticker symbol “IDT” will not be used for either the common stock or the Class B common stock.
 
“There are now more than twice the number of shares of Class B common stock outstanding as compared with shares of our common stock,” said Jim Courter, IDT CEO. “Given the large difference in the number of outstanding shares between the two classes of stock, we thought it made sense to use the company’s primary ticker symbol IDT for the class with the larger number of shares outstanding.”
 
As of December 12, 2002, there were approximately 54.1 million shares of Class B common stock outstanding and approximately 25.0 million shares of common stock outstanding. Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.
 
IDT selected February 26, 2003 as the date on which the common stock ticker symbol will change to coincide with the second anniversary of IDT’s listing on the New York Stock Exchange.
 
“IDT has found a good home at the New York Stock Exchange. Since moving from Nasdaq to the Big Board, the trading price of our common stock has increased by over 50%,” said Howard Jonas, IDT Chairman. “Like people, firms are judged in part by the company they keep. Most of the world’s most successful companies are listed on the NYSE. Without question, IDT’s association with the New York Stock Exchange has enhanced our image and has contributed to our success.”
 
IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure,


provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. IDT Solutions (formerly Winstar) is the IDT subsidiary that provides reliable local and long distance voice, data, high-speed Internet and business continuity networking service for business needs in 22 U.S. markets through its facilities–based network utilizing fixed broadband wireless technology.
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