secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2026-10-19T17:27:50+00:00
Accession:  0001213900-26-110602
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Zedge CEO Jonathan Reich moves to President/COO under new pact with $390K salary, 100K-share award
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- Reich ceased serving as CEO effective Sept 30, 2026 and became President and Chief Operating Officer on Oct 1, 2026, reporting directly to the CEO.
- Employment agreement dated Oct 14, 2026 runs three years through Sept 30, 2029; base salary $390,000, rising $15,000 each July 31 during the term.
- Minimum annual performance bonus of $124,313 beginning fiscal 2026; one-time catch-up payment reflecting the salary increase retroactive to Aug 1, 2026.
- Equity award of 100,000 Class B shares (restricted stock plus DSUs) within 150 days of Oct 1; 1/12 vests at grant, remainder quarterly through Oct 1, 2029.
- Severance of up to two years' base salary plus prorated minimum bonus and full equity acceleration if terminated without Cause or resigning for Good Reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390026110602/0001213900-26-110602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390026110602/ea0308999-8k_zedge.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-110602

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