Mitek Systems Announces Board and Executive Changes

TL;DR

Mitek just swapped out board members and execs, including a new CTO. Big changes incoming?

AI Summary

On June 9, 2024, Mitek Systems, Inc. announced the departure of board member Scott L. Brown. The company also announced the election of new directors, including Robert M. Haley, and the appointment of new officers, such as Chris Drake as Chief Technology Officer. These changes are effective immediately.

Why It Matters

Changes in board composition and executive leadership can signal shifts in company strategy or operational focus, potentially impacting future performance.

Risk Assessment

Risk Level: medium — Board and executive changes can introduce uncertainty about future strategy and execution.

Key Players & Entities

• Mitek Systems, Inc. (company) — Registrant
• Scott L. Brown (person) — Departing Board Member
• Robert M. Haley (person) — Elected Director
• Chris Drake (person) — Appointed Chief Technology Officer
• June 9, 2024 (date) — Effective Date of Changes

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MITK Nasdaq Capital Market

Filing Documents

• mitk-20240609.htm (8-K) — 31KB
• 0000807863-24-000072.txt ( ) — 151KB
• mitk-20240609.xsd (EX-101.SCH) — 2KB
• mitk-20240609_lab.xml (EX-101.LAB) — 21KB
• mitk-20240609_pre.xml (EX-101.PRE) — 12KB
• mitk-20240609_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. The Company expects to hold its 2024 annual meeting of stockholders (the "Annual Meeting") on September 10, 2024. All other relevant information concerning the Annual Meeting will be included in the proxy statement relating to the Annual Meeting (the "Proxy Statement"), which will be filed with the SEC and become available to the Company's stockholders at a later date. Due to the fact that the date for the Annual Meeting has changed by more than 30 days from the anniversary date of the 2023 Annual Meeting of Stockholders, the Company is providing the due date for submission of any qualified stockholder proposal or qualified stockholder nominations. Stockholders who intend to have a proposal considered for inclusion in the Proxy Statement pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), must submit the proposal in writing to the Company's corporate secretary no later than a reasonable time before the Company begins to print and send its proxy materials to stockholders. The Company will consider any proposal received on or before June 21, 2024, to have been received a reasonable time before it expects to begin to print and send its proxy materials. Stockholders who wish to bring a director nomination or stockholder proposal (other than by means of inclusion of a stockholder proposal in the proxy materials under Rule 14a-8 of the Exchange Act) before the Annual Meeting, must deliver notice thereof in proper written form to the Company's corporate secretary in accordance with the Company's Third Amended and Restated Bylaws (the "Bylaws") no later than June 21, 2024, which is the tenth day following the date on which public disclosure of the date of the Annual Meeting was made. In addition to satisfying the foregoing requirements under our Bylaws, to comply with the universal proxy rules, stockholders who intend to solicit proxies in support of director nominees, other than the Company's nominees

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File, formatting Inline Extensible Business Reporting Language (iXBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Mitek Systems, Inc. June 11, 2024 By: /s/ Dave Lyle Dave Lyle Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR