Mitek Systems, Inc. filings document the formal disclosures of a public software company focused on digital identity verification, fraud prevention, and mobile imaging. Its 8-K reports include quarterly and annual financial results, revenue and adjusted EBITDA commentary, and material-event disclosures tied to debt, accounting leadership, and compensation arrangements.
The company's proxy and annual-meeting filings cover director elections, auditor ratification, advisory compensation votes, executive compensation tables, equity awards, and governance matters. Capital-structure disclosures include the repayment of 0.750% Convertible Senior Notes and borrowings under a delayed draw term loan facility.
Fay James Daniel reported acquisition or exercise transactions in this Form 4 filing.
Mitek Systems Inc. director James Daniel Fay reported an equity award in the form of 11,448 shares of Common Stock as restricted stock units granted on March 3, 2026. The award is described as the annual equity grant made to non-employee directors under the company’s director compensation program.
According to the report, Fay now holds 38,152 shares of Common Stock directly following this grant. The restricted stock units vest at the later of the next annual shareholders meeting or one year after the grant date, tying full share delivery to continued board service over that period.
Mitek Systems Inc reported that director Scott R. Carter acquired 11,448 restricted stock units of common stock on March 3, 2026 as part of the company’s annual equity grant to non-employee directors in connection with its annual meeting of stockholders.
The shares subject to this award vest at the later of the next Annual Shareholders Meeting or one year after the grant date. After this grant, Carter held 191,584 shares of common stock directly and 12,000 shares indirectly through a trust.
Mitek Systems, Inc. held its annual stockholder meeting on March 3, 2026, where stockholders approved all proposals presented. Eight directors, including Scott R. Carter and Edward H. West, were elected to serve until the 2027 annual meeting. Stockholders ratified BDO USA, P.C. as independent auditor for the fiscal year ending September 30, 2026. They also approved, on an advisory basis, the compensation of named executive officers, an Amended and Restated Employee Stock Purchase Plan to add shares and extend its term, and an Amended and Restated 2020 Incentive Plan. A total of 38,435,860 shares were represented in person or by proxy out of 45,299,662 shares outstanding and entitled to vote as of January 16, 2026.
MITK notice of a proposed sale of Common stock under Rule 144. The filing lists multiple lots tied to different award types and plan sources, including a 03/03/2026 Stock Option Exercise showing 63,174 shares and several restricted stock and ESPP lots (2,425; 2,386; 2,371; 2,296; 329; 193).
Mitek Systems adopted a new Annual Incentive Plan that provides cash bonuses to certain full-time employees, including the executive team, based on corporate and individual performance goals. The plan is intended to attract, motivate, retain and reward employees.
Participants, called Covered Participants, receive a target bonus opportunity for each performance period. Bonuses depend on achieving goals set by the Board, primarily company revenue and adjusted EBITDA, with some employees also evaluated on individual objectives. Employees generally must be employed at the end of the performance period to receive payment, although the Board may prorate bonuses for partial-year service.
Mitek Systems chief accounting officer Eric Christopher Bell reported new equity awards. On February 5, 2026, he received 10,184 restricted stock units and 10,184 target performance RSUs at a price of $0 per unit under the 2020 Incentive Plan.
The time-based RSUs vest over four years, with 25% vesting on each anniversary of the grant date. The performance RSUs vest on the third anniversary based on how Mitek’s stock return compares to the Russell 2000 Index over a three-year period, with payout ranging from 0% to 200% of target.
Mitek Systems Inc. filed an initial ownership report for Chief Accounting Officer Eric Christopher Bell. He beneficially owns 53,515 shares of common stock, including 13,667 shares owned outright and 39,848 time-based restricted stock units granted under the company’s 2020 Incentive Plan that vest over four years in 25% annual installments.
Bell also holds 24,560 target performance restricted stock units tied to the company’s stock performance versus the Russell 2000 Index. Of these, 7,358 may vest in annual tranches over a three-year period if performance goals are met, while 17,202 may vest on the third anniversary, with the final payout ranging from 0% to 200% of target based on relative performance.
Mitek Systems, Inc. fully repaid its 0.750% Convertible Senior Notes due February 1, 2026, including aggregate principal and accrued interest, and terminated all related lending commitments. The company also released first‑quarter results for the period ended December 31, 2025 via an attached press release.
The Board authorized a new share repurchase program for up to $50 million of common stock, which will become effective after the existing $50 million program from May 2024 is completed and can run for up to two years. Mitek appointed Eric Bell as Chief Accounting Officer and principal accounting officer, granting him restricted stock units with a grant date fair value of $200,000, split between time‑based and performance‑based awards tied to stock price performance versus the Russell 2000 Index.
Mitek Systems reported stronger results for the quarter ended December 31, 2025, with revenue of $44.2 million, up 19% from $37.3 million a year earlier, driven by growth in software licenses and SaaS, maintenance and other services.
The company swung to a net profit of $2.8 million, or $0.06 per diluted share, compared with a net loss of $4.6 million, or $0.10 per share, in the prior-year quarter. Operating cash flow improved to $8.0 million from $0.6 million, while cash, cash equivalents and investments totaled $191.8 million.
Mitek continued its share repurchase program, buying $10.0 million of stock during the quarter and $39.0 million since inception, and ended the period with $154.5 million of 0.75% convertible notes outstanding, which were subsequently repaid in the second fiscal quarter of 2026.
Mitek Systems is a Delaware-based technology company focused on digital identity verification and fraud prevention. Its AI-driven platform supports key use cases like new account opening, account access, and mobile check deposit, processing about 1.2 billion Mobile Check Deposit transactions annually. As of the filing date, the company serves more than 7,000 organizations worldwide, including banks, fintechs, telecoms, and digital marketplaces.
Mitek has broadened its capabilities through acquisitions such as ID R&D (biometric and liveness technology) and HooYu (orchestration and KYC solutions). Its product portfolio spans cloud and licensed software, SDKs, biometric liveness, deepfake detection, and check fraud tools. The company holds 110 issued patents as of September 30, 2025 and employs 595 people.
Key risks highlighted include dependence on a few core technologies and a concentrated customer base, intense competition, rapid technological change, evolving AI and data privacy regulations, and rising AI‑driven fraud threats. One customer accounted for 15% of revenue in fiscal 2025, and management notes that failure to keep pace with emerging fraud vectors or regulatory demands could materially affect future results.