---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-23-000168"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:57:13.634178+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mitek appoints David Lyle as CFO; interim CFO Ahmad steps down for transition

## Summary
- David Lyle, age 59, becomes CFO on Jan 2, 2024; previously CFO of Surgalign, Airgain, Maxwell, Entropic.
- Base salary of $425,000; eligible for annual cash bonus target 65% of base (max 130%).
- Equity: $750K time-based RSUs (4-yr vest), $750K performance-based RSUs (3-yr vest), additional $247.5K if performance criteria exceeded.
- Ahmad will remain for several months to ensure smooth transition; departure not due to disagreement.
- Lyle also serves as Principal Financial and Accounting Officer; standard severance and change-in-control agreement.

## SEC filing metadata
- accession: 0000807863-23-000168
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786323000168/0000807863-23-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786323000168/mitk-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-23-000168
- JSON: https://secwatch.observer/filing/0000807863-23-000168.json
- Plain text: https://secwatch.observer/filing/0000807863-23-000168.txt

## Key facts
- Executive change
  Fuad Ahmad departed as Interim Chief Financial Officer at MITEK SYSTEMS INC.
  - Action: stepped down
  - Role: Interim Chief Financial Officer
  source text: Fuad Ahmad, the Company’s current Interim CFO, who has agreed to step down as Interim CFO as of the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786323000168/0000807863-23-000168-index.htm
- Executive change
  David Lyle was appointed as Chief Financial Officer at MITEK SYSTEMS INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On December 19, 2023 Mitek Systems, Inc. (the “Company”) appointed David Lyle, age 59, as the Company’s Chief Financial Officer ("CFO") and Senior Vice President, effective as of January 2, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786323000168/0000807863-23-000168-index.htm

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