secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2021-11-26T23:59:59+00:00
Accession:  0001213900-21-062170
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge auditor Mayer Hoffman McCann declines reappointment for FY2022; company seeking replacement
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- Auditor Mayer Hoffman McCann (MHM) declined reappointment for fiscal year ending July 31, 2022; will complete Q1 2022 review.
- No disagreements between Zedge and MHM on accounting principles, financial disclosure, or audit scope during past two fiscal years.
- A material weakness in internal controls related to deferred tax asset valuation allowance was previously identified in FY2021 10-K; company remediating.
- Company actively engaged with several firms to find a successor; expects timely replacement.
- MHM's reports on FY2021 and FY2020 financial statements were unqualified (no adverse opinion or disclaimer).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021062170/0001213900-21-062170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021062170/ea151418-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-062170

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