---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-23-000021"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:38:36.801049+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "medium"
source: SEC EDGAR
---

# Mitek Systems adopts FY2023 annual incentive plan for executives and employees

## Summary
- 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.

## SEC filing metadata
- accession: 0000807863-23-000021
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: medium
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786323000021/0000807863-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786323000021/mitk-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-23-000021
- JSON: https://secwatch.observer/filing/0000807863-23-000021.json
- Plain text: https://secwatch.observer/filing/0000807863-23-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.