Marqeta (MQ) CAO to resign; CFO Kangwankij to assume accounting role
Rhea-AI Filing Summary
Marqeta, Inc. disclosed an upcoming 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 that she will resign from these roles effective August 21, 2026. The company 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 conduct a search for a new Chief Accounting Officer. Following Ms. Barkema’s departure, Chief Financial Officer Patti Kangwankij, currently principal financial officer, will also assume the role of principal accounting officer. The company noted that there are no related-party transactions involving Ms. Kangwankij requiring disclosure and no new or materially amended compensatory arrangements tied to her assuming this additional role.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Notice date of resignation: August 10, 2026
Effective resignation date: August 21, 2026
Principal offices address: 180 Grand Avenue, 6th Floor, Oakland, California 94612
+1 more
4 metrics
Notice date of resignation
August 10, 2026
Date Sarah Barkema informed Marqeta of her decision to resign
Effective resignation date
August 21, 2026
Effective date of Sarah Barkema’s resignation from her roles
Principal offices address
180 Grand Avenue, 6th Floor, Oakland, California 94612
Address of Marqeta’s principal executive offices
Telephone number
(510) 671-5437
Registrant’s telephone number including area code
Key Terms
principal accounting officer, internal control over financial reporting, Item 404(a) of Regulation S-K, emerging growth company
4 terms
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
"405 of this chapter) or 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 executive change did Marqeta (MQ) announce on August 13, 2026?
Marqeta announced that Chief Accounting Officer Sarah Barkema will resign effective August 21, 2026. She currently serves as CAO, Senior Vice President of Finance, and principal accounting officer, and is leaving those roles following notice given on August 10, 2026.
Who will serve as Marqeta’s principal accounting officer after August 21, 2026?
After August 21, 2026, Chief Financial Officer Patti Kangwankij will assume the role of principal accounting officer. She already serves as Marqeta’s principal financial officer and will hold both responsibilities while the company searches for a new Chief Accounting Officer.
Is Marqeta (MQ) putting any new compensation arrangements in place for Patti Kangwankij?
Marqeta stated it has not entered into or materially amended any material plan, contract or arrangement with Patti Kangwankij, nor granted any awards, as a result of her becoming principal accounting officer in addition to her current Chief Financial Officer role.
Will Marqeta (MQ) search for a new Chief Accounting Officer?
Marqeta indicated it intends to conduct a search for a new Chief Accounting Officer. In the interim, Chief Financial Officer Patti Kangwankij will also serve as principal accounting officer following the effective date of Sarah Barkema’s resignation on August 21, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
