Zedge sets President Jonathan Reich’s annual base salary at $390,000 under three-year agreement
ZDGE•Zedge entered a three-year employment agreement with President and Chief Operating Officer Jonathan Reich, setting annual base salary at $390,000 and a minimum annual performance bonus of $124,313 beginning in fiscal 2026.
1. Agreement terms
The agreement runs from October 1, 2026, through September 30, 2029. Reich’s $390,000 annual base salary is effective August 1, 2026, and will increase by $15,000 each July 31 during the term. He will receive an annual performance bonus of at least $124,313 beginning in fiscal 2026.
2. Equity and separation pay
The award covers restricted stock and deferred stock units totaling 100,000 Class B common shares, which fully vest on October 1, 2029, subject to acceleration. Depending on the circumstances of termination, separation pay includes up to two years’ base salary and a prorated minimum annual bonus.
