Zedge, Inc. has announced the appointment of Morris Berger as Chief Executive Officer, effective October 1, 2026. The company disclosed this leadership change in a Current Report on Form 8-K filed on September 29, 2026. Mr. Berger commenced his service as CEO on October 1, 2026, following a prior appointment by the Board of Directors.
The filing details the terms of a new employment agreement signed by the company and Mr. Berger on September 29, 2026. Under the agreement, Mr. Berger is set to receive an annual base salary of $450,000. Additionally, the agreement includes a one-time cash signing bonus of $25,000, payable after his start date, and a one-time cash stay bonus of $25,000, payable following the first anniversary of his start date.
The employment agreement has a term of three years, commencing on October 1, 2026. It stipulates that severance equal to one year of base salary would be provided under specific termination conditions. Furthermore, the agreement grants Mr. Berger an award under Zedge’s 2026 Equity Incentive Plan. This award consists of 10-year options to purchase shares of the Company’s Class B common stock, representing 3% of the Company’s issued and outstanding shares of common stock on October 1, 2026. These options have an exercise price equal to the fair market value of a share on the date of grant and will vest in twenty equal quarterly installments over a five-year period, commencing October 1, 2026.
