Zedge, Inc.: appoints Morris Berger as CEO

What happened

• Zedge, Inc. filed an 8-K reporting that the Board appointed Morris Berger as Chief Executive Officer, effective Oct 1, 2026, and that Mr. Berger commenced service on Oct 1, 2026.
• The filing states that on Sep 29, 2026, the Company entered into an employment agreement with Mr. Berger that provides for a 3-year term beginning Oct 1, 2026 and includes salary, bonuses, severance and equity compensation.

Key details

• Annual base salary of $450,000.
• One-time $25,000 cash signing bonus payable after the Start Date and one-time $25,000 cash stay bonus payable after the first anniversary of the Start Date.
• Severance equal to 1 year of base salary under the terms of the employment agreement and full acceleration of option vesting if terminated by the Company without Cause or if he resigns for Good Reason.
• Award under the 2026 Equity Incentive Plan of 10-year options to purchase Class B common stock representing 3% of the Company’s issued and outstanding common stock on Oct 1, 2026; exercise price equal to fair market value on the grant date; vesting in 20 equal quarterly installments over 5 years commencing Oct 1, 2026.

Why it may matter

• This disclosure was reported under Item 5.02 (Departure of directors or certain officers), which covers the appointment of officers and related employment agreements. A filing does not show why the insider traded or why the company acted.