secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0001213900-25-085298
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marqeta appoints Mike Milotich as permanent CEO, effective immediately
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- Mike Milotich appointed CEO and Board member; served as Interim CEO since Feb 2025 and continues as CFO during search for new CFO.
- Annual base salary of $600,000; eligible for annual bonus target of 100% of base salary.
- Receives RSUs valued at ~$5M, vesting quarterly over three years, under 2021 Stock Option and Incentive Plan.
- Eligible for severance and change-in-control benefits under Executive Severance Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000121390025085298/0001213900-25-085298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000121390025085298/ea0256324-8k_marqeta.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-085298

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