8-K

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): April 1, 2008

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))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 1, 2008, Mr. Marc J. Oppenheimer resigned as Chief Operating Officer of IDT Corporation (the “Registrant”) and Mr. Morris Lichtenstein resigned as Chief Executive Officer of the Registrant’s telecom division and as Executive Vice President - Telecom of the Registrant. Mr. Oppenheimer’s and Mr. Lichtenstein’s resignations were accepted by the Board of Directors on April 1, 2008. Mr. Liore Alroy will assume the role of Chief Executive Officer of the Registrant’s telecom division.

The Registrant is presently negotiating severance arrangements and separation dates with Mr. Oppenheimer and Mr. Lichtenstein. The Registrant will update this Form 8-K as the arrangements with Mr. Oppenheimer and Mr. Lichtenstein are finalized.

A copy of the April 1, 2008 press release relating to the above events is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Document
99.1	Press Release of the Registrant, dated April 1, 2008.

2

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/ James A. Courter
Name:	James A. Courter
Title:	Chief Executive Officer

Dated: April 7, 2008

3

EXHIBIT INDEX

Exhibit Number	Document
99.1	Press Release of the Registrant, dated April 1, 2008.

4

EX-99.1

Exhibit 99.1

IDT Corporation Appoints Liore Alroy CEO of IDT Telecom

and Announces Other Management Changes

Newark, N.J., April 1, 2008 - IDT Corporation (NYSE: IDT, IDT.C) announced today that Liore Alroy has been named CEO of IDT Telecom as part of broader restructuring program designed to cut costs and achieve profitability.

Prior to today’s appointment, Mr. Alroy served as an Executive Vice President and as Chairman of the Executive Committee of the Company. Since 2004, he has been the Chief Executive Officer of Net2Phone Inc., an affiliate of the Company that was fully acquired in 2006. Mr. Alroy joined IDT in 2001.

“I am delighted that Liore will be taking the helm of our telecom business. He has been a leader in the VOIP industry, and is ideally suited to identify and execute on opportunities created by emerging technologies,” said Jim Courter, IDT’s CEO.

“I look forward to taking on the new challenges at Telecom,” said Mr. Alroy. “I will be working energetically to maximize shareholder value by leveraging our considerable telecommunications expertise and assets.”

Mr. Alroy will replace Motti Lichtenstein, who also served as IDT’s Executive Vice President for Telecom. Mr. Lichtenstein is leaving to pursue other business opportunities.

As part of its restructuring and cost reduction program, the Company also announced that Marc J. Oppenheimer will step down as Chief Operating Officer of IDT. Mr. Oppenheimer will be working with the company to ensure a smooth transition of his duties to other members of the IDT management team.

“I want to thank Motti and Marc for the important contributions they have rendered to IDT,” said Jim Courter. “Motti has been with us for many years and was instrumental in building IDT Telecom, as well as making many meaningful contributions to IDT as a whole. Marc has been with IDT as a director of Net2Phone and then IDT Corporation, as our lead independent director and most recently as a member of management. He has brought important changes to IDT and helped set us back on the path to profitability. I’m grateful for the valuable contributions both men have made to the company, and wish them all the best in their future endeavors.”

About IDT Corporation

IDT Corporation is an innovative and opportunity seeking multinational holding company with operations that span several industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT Energy operates an Energy Services Company (ESCO) in New York State. IDT subsidiary American Shale Oil Corporation (AMSO) manages IDT’s oil shale ventures. IDT’s Capital division incubates newer businesses, and the Company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the Company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include receivables portfolio management and collection, brochure distribution, Internet Mobile Group, Net2Phone Ventures and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

In this press release, all statements that are not purely about historical facts, including, but not limited to, those with the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All

forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to IDT as of the date thereof, and IDT assumes no obligation to update any forward-looking statements or risk factors.

Investor Relations:

Bill Ulrey

invest@corp.idt.net

973.438.3838

Media inquiries:

Michael Glassner

mglass@corp.idt.net

973.438.3553