Mitek Systems, Inc.

NasdaqCM:MITK Stock Report

Market Cap: US$651.3m

Mitek Systems Management

Management criteria checks 4/4

Mitek Systems' CEO is Max Carnecchia, appointed in Nov 2018, has a tenure of 5.33 years. total yearly compensation is $3.21M, comprised of 14.6% salary and 85.4% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth $3.61M. The average tenure of the management team and the board of directors is 3.3 years and 4.3 years respectively.

Key information

Max Carnecchia

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage14.6%
CEO tenure5.3yrs
CEO ownership0.6%
Management average tenure3.3yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Mitek Systems Is Fundamentally Undervalued Despite Recent Issues

Jan 10

Mitek Systems: A Strong SaaS Provider Growing Into A New Market

Sep 27

Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed

Aug 17

Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot

Aug 03

Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Jul 15
Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Jun 02
Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Mitek's Legal Overhang Sees No Development, Declines Unjustified

May 10

Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

May 01
Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Apr 11
We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Feb 24
Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power

Jan 27

Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains

Dec 22

Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

Oct 21
Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Sep 03
I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Aug 20
Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Mitek Systems: A Breakout Quarter Adds To The Bullish Case

Jul 31

Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

Jul 27
Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

CEO Compensation Analysis

How has Max Carnecchia's remuneration changed compared to Mitek Systems's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023US$3mUS$469k

US$8m

Jun 30 2023n/an/a

US$9m

Mar 31 2023n/an/a

US$9m

Dec 31 2022n/an/a

US$5m

Sep 30 2022US$6mUS$450k

US$4m

Jun 30 2022n/an/a

US$5m

Mar 31 2022n/an/a

US$8m

Dec 31 2021n/an/a

US$9m

Sep 30 2021US$3mUS$450k

US$8m

Jun 30 2021n/an/a

US$11m

Mar 31 2021n/an/a

US$10m

Dec 31 2020n/an/a

US$9m

Sep 30 2020US$1mUS$450k

US$8m

Jun 30 2020n/an/a

US$6m

Mar 31 2020n/an/a

US$5m

Dec 31 2019n/an/a

US$3m

Sep 30 2019US$5mUS$407k

-US$724k

Compensation vs Market: Max's total compensation ($USD3.21M) is about average for companies of similar size in the US market ($USD3.31M).

Compensation vs Earnings: Max's compensation has been consistent with company performance over the past year.


CEO

Max Carnecchia (60 yo)

5.3yrs

Tenure

US$3,214,657

Compensation

Mr. Scipio Maximus Carnecchia, also known as Max, has been Chief Executive Officer and Director of Mitek Systems Inc., since November 06, 2018. From October 2017 until July 2018, Mr. Carnecchia served as t...


Leadership Team

NamePositionTenureCompensationOwnership
Scipio Carnecchia
CEO & Director5.3yrsUS$3.21m0.55%
$ 3.6m
Michael Diamond
Senior VP & GM of Digital Banking8.2yrsUS$1.11m0.42%
$ 2.8m
Chris Briggs
Senior VP of Identity & Head of Products1.8yrsUS$1.03m0.050%
$ 328.5k
David Lyle
Chief Financial Officerless than a yearno datano data
Todd Kehrli
Investor Contactsno datano datano data
Jason Gray
Chief Legal Officer1.2yrsUS$938.49k0.12%
$ 759.1k
Angela Romei
Corporate Communications Directorno datano datano data
Cindy White
Chief Marketing Officerno datano datano data
Judith Hicks
Senior Vice President of People Operations4.7yrsno datano data

3.3yrs

Average Tenure

59yo

Average Age

Experienced Management: MITK's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scipio Carnecchia
CEO & Director5.3yrsUS$3.21m0.55%
$ 3.6m
James Hale
Independent Director9.3yrsUS$50.00k0.35%
$ 2.3m
John Major
Member of Advisory Board15.2yrsno datano data
Victor Nichols
Member of Advisory Board9.4yrsno datano data
Rahul Gupta
Independent Director2yrsUS$50.00k0.026%
$ 168.0k
William Tudor
Director Emeritusno dataUS$22.00kno data
Donna Wells
Independent Director4.3yrsUS$197.90k0.088%
$ 574.8k
Kimberly Stevenson
Independent Director3.3yrsUS$67.79k0.044%
$ 289.1k
Scott Carter
Chairperson of the Board2yrsUS$1.80m0.15%
$ 978.2k
Susan Repo
Independent Director2.8yrsUS$62.50k0.033%
$ 216.3k

4.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: MITK's board of directors are considered experienced (4.3 years average tenure).


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