---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-24-000101"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:53:54.987325+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mitek appoints Edward H. West as CEO, grants $8M inducement equity awards

## Summary
- Ed West appointed CEO and Board member effective October 1, 2024; Scott Carter returns to non-executive chairman.
- West receives $500K annual salary, $250K sign-on bonus, and target annual bonus of 100% of base salary.
- Inducement awards: $8M total grant date value — $6.375M in performance-based RSUs (Russell 2000 and stock price targets) and $1.625M in time-based RSUs vesting over 4 years.
- West previously served as CEO of Cardtronics plc, leading its transformation from hardware to fintech solutions.

## SEC filing metadata
- accession: 0000807863-24-000101
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786324000101/0000807863-24-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786324000101/mitk-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-24-000101
- JSON: https://secwatch.observer/filing/0000807863-24-000101.json
- Plain text: https://secwatch.observer/filing/0000807863-24-000101.txt

## Key facts
- Executive change
  Kimberly Stevenson changed role as Lead Independent Director at MITEK SYSTEMS INC.
  - Action: ceases serving
  - Role: Lead Independent Director
  source text: Kimberly Stevenson, who currently serves as the Board’s lead independent director, will cease serving in such capacity and will continue to serve on the Board and as a member of the Board’s audit committee and chair of the Board’s compensation committee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000101/0000807863-24-000101-index.htm
- Executive change
  Edward H. West was appointed as Chief Executive Officer at MITEK SYSTEMS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 1, 2024, Mitek Systems, Inc. (the “Company”) announced that Edward H. West was appointed as the Company’s Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000101/0000807863-24-000101-index.htm
- Executive change
  Scott Carter changed role as Non-executive Chairman of the Board at MITEK SYSTEMS INC.
  - Action: returning to
  - Role: Non-executive Chairman of the Board
  source text: Scott Carter, who has served as the Company’s interim Chief Executive Officer since June 2024, is returning to his role as the Company’s non-executive chairman of the Board, effective October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000101/0000807863-24-000101-index.htm

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