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Marqeta (NASDAQ: MQ) CFO to assume principal accounting officer role after CAO exit

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Marqeta, Inc. disclosed a leadership change in its finance organization. On August 10, 2026, Chief Accounting Officer and Senior Vice President of Finance Sarah Barkema, who also serves as principal accounting officer, informed the company she will resign effective August 21, 2026. Marqeta stated that her departure is not due to any disagreement regarding its financial statements, internal control over financial reporting, operations, policies, or practices.

The company plans to search for a new Chief Accounting Officer. Following Ms. Barkema’s departure, Chief Financial Officer Patti Kangwankij, currently the principal financial officer, will also assume the role of principal accounting officer. The company notes that there are no related-party transactions involving Ms. Kangwankij that require disclosure and that no new or materially amended compensation arrangements have been made in connection with her assuming these additional responsibilities.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Resignation notice date August 10, 2026 Date Sarah Barkema informed Marqeta of her decision to resign
Resignation effective date August 21, 2026 Effective date of Sarah Barkema’s resignation from her roles
Company address ZIP code 94612 ZIP code for Marqeta’s principal executive offices in Oakland, California
Telephone area code (510) Area code for Marqeta’s listed telephone number
principal accounting officer financial
"will assume the role of principal accounting officer following Ms. Barkema's departure"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
internal control over financial reporting financial
"not the result of any disagreement with the Company related to its financial statements, internal control over financial reporting"
Internal control over financial reporting is a company’s system of procedures and checks designed to make sure its financial statements are accurate and complete, like a set of guardrails and verification steps that catch mistakes or fraud before numbers are published. Investors care because strong controls make reported results more trustworthy, lower the risk of surprise restatements or regulatory problems, and give greater confidence when valuing the company or comparing it to peers.
Item 404(a) of Regulation S-K regulatory
"no transactions with the Company that are required to be described by Item 404(a) of Regulation S-K"
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

What leadership change did Marqeta (MQ) report on August 13, 2026?
Marqeta reported that Chief Accounting Officer and SVP of Finance Sarah Barkema decided to resign effective August 21, 2026. She also serves as principal accounting officer, so her departure affects the company’s senior finance and accounting leadership.

Why is Marqeta’s (MQ) Chief Accounting Officer resigning?
Marqeta stated that Sarah Barkema’s resignation is not due to any disagreement regarding its financial statements, internal control over financial reporting, operations, policies, or practices. The filing does not provide additional reasons for her personal decision to resign.

Who will serve as Marqeta’s (MQ) principal accounting officer after August 21, 2026?
Patti Kangwankij, Marqeta’s Chief Financial Officer and current principal financial officer, will assume the role of principal accounting officer after Sarah Barkema’s departure. Marqeta also plans to conduct a search for a new Chief Accounting Officer.

Did Marqeta (MQ) change Patti Kangwankij’s compensation for taking on principal accounting officer duties?
Marqeta stated it has not entered into or materially amended any material plan, contract or arrangement, nor made any related grant or award to Patti Kangwankij, in connection with her becoming principal accounting officer.

Will Marqeta (MQ) search for a new Chief Accounting Officer after the resignation?
Yes. Marqeta stated it intends to conduct a search for a new Chief Accounting Officer following Sarah Barkema’s resignation, while CFO Patti Kangwankij will serve as principal accounting officer in the interim.

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Understanding 8-K Material Events →
0001522540FALSE00015225402026-08-102026-08-13


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 
Date of Report (Date of earliest event reported): August 10, 2026

MARQETA, INC.
(Exact name of registrant as specified in its charter)
Delaware001-4046527-4306690
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
180 Grand Avenue, 6th Floor
Oakland, California 94612
(Address of principal executive offices, including zip code) 
Registrant’s telephone number, including area code: (510) 671-5437 
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stock, $0.0001 par value per shareMQThe Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 13, 2026, Marqeta, Inc. (the "Company") reported that on August 10, 2026, Sarah Barkema, its Chief Accounting Officer and Senior Vice President of Finance and principal accounting officer, informed the Company of her decision to resign from these roles effective August 21, 2026.

The Company stated that Ms. Barkema’s departure is not the result of any disagreement with the Company related to its financial statements, internal control over financial reporting, operations, policies or practices. The Company intends to conduct a search for a new Chief Accounting Officer.

Patti Kangwankij, the Company’s Chief Financial Officer, who currently serves as the Company’s principal financial officer, will assume the role of principal accounting officer following Ms. Barkema's departure. Information regarding Ms. Kangwankij’s background and business experience is incorporated by reference herein from the Company’s definitive proxy statement filed on April 10, 2026, with the Securities and Exchange Commission. She has no transactions with the Company that are required to be described by Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended, and the Company has not entered into or materially amended any material plan, contract or arrangement with her, or made any grant or award under any such plan, contract or arrangement to her, as a result of her becoming the Company’s principal accounting officer.




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
MARQETA, INC.
Date: August 13, 2026
/s/ Patti Kangwankij
Patti Kangwankij
Chief Financial Officer

Source: View Original Filing on SEC EDGAR

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