Marqeta CFO Faix resigns, appoints Visa veteran Milotich; Q4 revenue, EBITDA to beat guidance

Marqeta, Inc.

Tripp Faix resigns as CFO effective Feb 22, 2022; personal decision, will remain advisor through Mar 31.
Mike Milotich, former Visa SVP of IR and Corporate Finance, appointed CFO effective Feb 22, 2022.
Milotich comp: $460k base salary, 75% bonus target, $100k signing bonus, $8M in equity (RSUs + options).
Preliminary Q4 net revenue and adjusted EBITDA expected to exceed prior guidance on higher processing volumes.
Full Q4 and FY 2021 results to be reported on March 9, 2022.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Philip (Tripp) Faix

Chief Financial Officer

MQ · Marqeta, Inc.

Effective: 2022-02-22
Successor: Mike Milotich
Filed: February 9, 2022, 6:59 PM ET

Philip (Tripp) Faix announced his resignation as Chief Financial Officer of the Company, effective as of the end of the day on February 22, 2022

Appointed

Mike Milotich

Chief Financial Officer

MQ · Marqeta, Inc.

Effective: 2022-02-22
Filed: February 9, 2022, 6:59 PM ET

Mike Milotich, 45, was appointed as its Chief Financial Officer, effective as of the end of the day February 22, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Philip (Tripp) Faix resigned as Chief Financial Officer at Marqeta, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Philip (Tripp) Faix announced his resignation as Chief Financial Officer of the Company, effective as of the end of the day on February 22, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Mike Milotich was appointed as Chief Financial Officer at Marqeta, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Mike Milotich, 45, was appointed as its Chief Financial Officer, effective as of the end of the day February 22, 2022

View on SEC.gov

Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001522540-22-000004

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