Mitek Systems adopts FY2023 annual incentive plan for executives and employees

MITEK SYSTEMS INC

CEO bonus target set at 120% of annual salary; CFO, CLO, and GM at 50%; CTO at 60%.
Maximum payout is 200% of target; performance tied to revenue and non-GAAP operating income margin.
For core identity and deposits, director-level participants have 80% revenue weight, 20% margin; others 60% revenue, 10% margin, 30% individual objectives.
ID R&D business area has different weighting: 70% revenue, 15% core identity linkage, 15% margin for director-level.
Plan effective for fiscal year ending September 30, 2023.

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