Marqeta Announces Board and Executive Changes

Ticker: MQ · Form: 8-K · Filed: Jul 19, 2024 · CIK: 1522540

Sentiment: neutral

Topics: management-change, compensation

TL;DR

Marqeta's board and exec comp just got a shake-up.

AI Summary

Marqeta, Inc. announced on July 19, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

FAQ

Who are the specific officers or directors that have departed from Marqeta, Inc.?

The filing indicates the departure of certain officers and directors but does not name them specifically in the provided text.

When did these changes in directors and officers take effect?

The earliest event reported is dated July 19, 2024.

What are the details of the compensatory arrangements for the officers?

The filing mentions adjustments to compensatory arrangements but does not provide specific details in the provided text.

What is Marqeta, Inc.'s principal executive office address?

Marqeta, Inc.'s principal executive offices are located at 180 Grand Avenue, 6th Floor, Oakland, California 94612.

What is the filing date for this Current Report?

This Current Report (Form 8-K) was filed as of July 19, 2024.

Filing Stats: 669 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-19 16:16:38

Key Financial Figures

Filing Documents

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Amended Non-Employee Director Compensation Policy. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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 hereunto duly authorized. MARQETA, INC. Date: July 19, 2024 /s/ Michael (Mike) Milotich Michael (Mike) Milotich Chief Financial Officer

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