Mitek appoints Garrett Gafke as COO with $4M inducement equity grant tied to stock performance

MITEK SYSTEMS INC

Garrett Gafke appointed COO effective April 25, 2025; base salary $425K, target bonus 75% of base.
Inducement awards: $4M grant date fair value, 75% in PSUs tied to Russell 2000 stock price performance, 25% in time-based RSUs vesting over 4 years.
PSUs: 360,576 at target (up to 721,152 for above-target) based on company vs Russell 2000 stock price goals.
Cash sign-on bonus of $187,500; severance provisions include 100% base+target for non-CIC, 150% for change-of-control.
Gafke previously President of Intellicheck and founder/CEO of IdentityMind (acquired by GB Group).

item 3.02 item 5.02 item 7.01 item 9.01

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Appointed

Garrett Gafke

Chief Operating Officer

MITK · MITEK SYSTEMS INC

Effective: 2025-04-25
Filed: April 28, 2025, 7:59 PM ET

On April 25, 2025, Mitek Systems, Inc. (the “Company”) appointed that Garret Gafke was appointed as the Company’s Chief Operating Officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Garrett Gafke was appointed as Chief Operating Officer at MITEK SYSTEMS INC.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On April 25, 2025, Mitek Systems, Inc. (the “Company”) appointed that Garret Gafke was appointed as the Company’s Chief Operating Officer, effective immediately.

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MITEK SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000807863-25-000069

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