secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K/A
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0000807863-24-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitek appoints Board member Scott Carter as Interim CEO; details equity grants
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- Scott Carter, existing Board member, appointed Interim CEO effective June 1, 2024; base salary of $85,000 per month.
- Granted 40,355 Performance-Based RSUs vesting based on Mitek stock performance vs Russell 2000 over one-year period.
- Granted 40,355 Time-Based RSUs vesting fully on one-year anniversary of grant date, subject to continuous service.
- Prior RSU award of 101,523 shares (Jan 2023) remains unchanged; unvested 50% eligible to vest on Jan 24, 2025.
- Acceleration events trigger vesting: appointment of permanent CEO, removal without cause, or resignation for Good Reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786324000064/0000807863-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786324000064/mitk-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000807863-24-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer