secwatch / observer
8-K filed May 13, 2024, 7:59 PM ET ticker MITK CIK 0000807863
leadership confidence high sentiment negative materiality 0.80

Mitek terminates CEO Max Carnecchia; appoints Scott Carter interim CEO; Q2 earnings miss

MITEK SYSTEMS INC

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Max Carnecchia

Chief Executive Officer
MITK · MITEK SYSTEMS INC
Effective
2024-05-31
Successor
Scott Carter
Filed
May 13, 2024, 7:59 PM ET
On May 9, 2024, the Board of Directors of the Company (the "Board") notified Scipio "Max" Carnecchia that his employment as the Company's Chief Executive Officer would terminate as of May 31, 2024.
Appointed

Kim Stevenson

Lead Independent Director
MITK · MITEK SYSTEMS INC
Filed
May 13, 2024, 7:59 PM ET
In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen
Appointed (interim)

Scott Carter

Interim Chief Executive Officer
MITK · MITEK SYSTEMS INC
Effective
2024-06-01
Filed
May 13, 2024, 7:59 PM ET
Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MITEK SYSTEMS INC reported second quarter ended March 31, 2024 results: revenue $47.0 million, net income $0.3 million, EPS $0.01 per diluted share. Guidance reaffirmed.

Period
second quarter ended March 31, 2024
Revenue
$47.0 million
Net income
$0.3 million
EPS
$0.01 per diluted share
Guidance
reaffirmed
Result
reported results
Exact text from the filing
31, 2024, and reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Second Quarter Financial Results • Total revenue was $47.0 million, compared to $46.1 million a year ago. • GAAP operating income was $0.7 million, an operating margin of 1%, compared to GAAP operating income of $8.7 million, an operating margin
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Max Carnecchia was terminated as Chief Executive Officer at MITEK SYSTEMS INC.

Action
terminated
Role
Chief Executive Officer
Exact text from the filing
On May 9, 2024, the Board of Directors of the Company (the "Board") notified Scipio "Max" Carnecchia that his employment as the Company's Chief Executive Officer would terminate as of May 31, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.9

Kim Stevenson was appointed as Lead Independent Director at MITEK SYSTEMS INC.

Action
appointed
Role
Lead Independent Director
Exact text from the filing
In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Carter was appointed as Interim Chief Executive Officer at MITEK SYSTEMS INC.

Action
appointed
Role
Interim Chief Executive Officer
Exact text from the filing
Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.
View on SEC.gov

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MITEK SYSTEMS INC filing history →

Source: SEC EDGAR
accession 0000807863-24-000059
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