---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-24-000059"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:01:21.928498+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Max Carnecchia's employment terminated May 31; Scott Carter appointed interim CEO effective June 1 at $85k/month.
- Q2 revenue $47.0M (up 2% YoY); GAAP EPS $0.01; non-GAAP EPS $0.24, down from $0.30.
- Board authorized $50M share repurchase program over two years, expiring May 16, 2026.
- FY2024 revenue guidance reiterated at $180-185M; non-GAAP operating margin 30-31%.
- Kim Stevenson appointed Lead Independent Director effective June 1.

## SEC filing metadata
- accession: 0000807863-24-000059
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/0000807863-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/mitk-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-24-000059
- JSON: https://secwatch.observer/filing/0000807863-24-000059.json
- Plain text: https://secwatch.observer/filing/0000807863-24-000059.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/0000807863-24-000059-index.htm
- Executive change
  Max Carnecchia was terminated as Chief Executive Officer at MITEK SYSTEMS INC.
  - Action: terminated
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/0000807863-24-000059-index.htm
- Executive change
  Kim Stevenson was appointed as Lead Independent Director at MITEK SYSTEMS INC.
  - Action: appointed
  - Role: Lead Independent Director
  source text: In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/0000807863-24-000059-index.htm
- Executive change
  Scott Carter was appointed as Interim Chief Executive Officer at MITEK SYSTEMS INC.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000059/0000807863-24-000059-index.htm

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