IDT Corp 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by IDT Corporation on December 16, 2010. The filing details the results of the election of directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes
There were no material financial changes reported in this filing. The primary event was the successful election of six nominees to the Board of Directors for one-year terms.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risks, contingencies, or unusual items. It is a procedural report of shareholder voting.
Key Facts for Investors
- All six nominees for the Board of Directors were elected.
- Howard S. Jonas received the highest number of votes against (887,043) compared to other nominees, though he was still elected.
- There were no broker non-votes recorded for the director election.
- The report was signed by Howard S. Jonas, Chairman of the Board and CEO, on December 21, 2010.
Director Election Results
| Nominee | Votes For | Votes Against | Abstentions |
|---|---|---|---|
| Lawrence E. Bathgate | 12,940,847 | 80,679 | 1,431 |
| Eric F. Cosentino | 12,967,141 | 54,328 | 1,487 |
| James A. Courter | 12,976,780 | 44,729 | 1,449 |
| Howard S. Jonas | 12,134,570 | 887,043 | 1,345 |
| W. Wesley Perry | 12,978,774 | 42,650 | 1,533 |
| Judah Schorr | 12,969,555 | 52,058 | 1,343 |