Zedge, Inc. (ZDGE) Form 8-K — Oct 19, 2026
Zedge entered into a three-year employment agreement with Jonathan Reich, who transitioned from CEO to President and Chief Operating Officer effective October 1, 2026. The agreement provides a $390,000 base salary with $15,000 annual increases, a minimum annual bonus of $124,313, and an equity award of 100,000 Class B shares vesting through October 1, 2029. Separation terms include up to two years of base salary plus a prorated minimum bonus depending on termination circumstances, with full equity acceleration if he is terminated without cause or resigns for good reason.
Key figures
- Term years
- 3
- Base salary usd
- 390000
- Separation pay max
- up to 2 years base salary plus prorated minimum bonus
- Equity award shares
- 100000
- Minimum annual bonus usd
- 124313
- Annual salary increase usd
- 15000
AI analysis
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