---
schema_version: "secwatch.filing_event.v1"
accession: "0001522540-24-000017"
form_type: "8-K/A"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:50:01.086709+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Marqeta CPTO Randy Kern departs; severance of $623,437.50, role not immediately filled

## Summary
- Randy Kern ceased as Chief Product and Technology Officer on Nov 1, 2024; transition through Dec 31, 2024.
- Severance: lump sum of $623,437.50 (9 months salary + 75% target bonus) plus 9 months COBRA reimbursement.
- Company will not immediately fill the CPTO role; responsibilities overseen by other management members.
- Transition agreement includes general release of claims and confidentiality obligations; severance conditioned on signing supplemental release.

## SEC filing metadata
- accession: 0001522540-24-000017
- form_type: 8-K/A
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000152254024000017/0001522540-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000152254024000017/mq-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001522540-24-000017
- JSON: https://secwatch.observer/filing/0001522540-24-000017.json
- Plain text: https://secwatch.observer/filing/0001522540-24-000017.txt

## Key facts
- Executive change
  Randy Kern departed as Chief Product and Technology Officer at Marqeta, Inc..
  - Action: departed
  - Role: Chief Product and Technology Officer
  source text: On November 1, 2024, Marqeta announced that Randy Kern was no longer the Chief Product and Technology Officer of the Company, effective immediately (the “Initial Transition Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000152254024000017/0001522540-24-000017-index.htm

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