secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001213900-25-017424
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/0001213900-25-017424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000121390025017424/ea0232156-8k_marqeta.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-017424

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