secwatch.observer — SEC 8-K summary
======================================

Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0000807863-26-000009
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786326000009/0000807863-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786326000009/mitk-20260220.htm
  HTML page:      https://secwatch.observer/filing/0000807863-26-000009

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