Mitek Systems adopts annual incentive plan tying bonuses to revenue and adjusted EBITDA

MITEK SYSTEMS INC

Plan covers full-time employees including executives; bonuses tied to revenue and adjusted EBITDA.
Director-level and above: 50% revenue, 50% adjusted EBITDA; others: 40% each plus 20% individual objectives.
Minimum threshold attainment required for each component; overachievement can yield up to 200% of target.
CEO and direct reports: Board may modify payout by up to 10% based on individual contribution.

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