---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-017424"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:32:07.685733+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marqeta CEO Simon Khalaf steps down; CFO Mike Milotich appointed Interim CEO

## Summary
- Simon Khalaf stepped down as CEO and director effective Feb 24, 2025; Board initiated CEO search.
- CFO Mike Milotich appointed Interim CEO, effective immediately, while retaining CFO role.
- Milotich receives $550K base salary, 75% target bonus, and $2M retention award (50% cash/50% RSUs).
- Board engaged executive search firm to identify permanent CEO.

## SEC filing metadata
- accession: 0001213900-25-017424
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/0001213900-25-017424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/ea0232156-8k_marqeta.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-017424
- JSON: https://secwatch.observer/filing/0001213900-25-017424.json
- Plain text: https://secwatch.observer/filing/0001213900-25-017424.txt

## Key facts
- Executive change
  Michael (Mike) Milotich was appointed as Interim Chief Executive Officer at Marqeta, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: the Board of Directors (the “Board”) has appointed Michael (Mike) Milotich as Interim Chief Executive Officer (principal executive officer), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/0001213900-25-017424-index.htm
- Executive change
  Simon Khalaf departed as Chief Executive Officer and Director at Marqeta, Inc..
  - Action: stepped down
  - Role: Chief Executive Officer and Director
  source text: Simon Khalaf, who has stepped down as Chief Executive Officer and as a director as of February 24, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/0001213900-25-017424-index.htm

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