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 percentage | 14.6% |
CEO tenure | 5.3yrs |
CEO ownership | 0.6% |
Management average tenure | 3.3yrs |
Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Mitek Systems Is Fundamentally Undervalued Despite Recent Issues
Jan 10Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Sep 27Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed
Aug 17Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot
Aug 03Is Mitek Systems (NASDAQ:MITK) A Risky Investment?
Jul 15Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?
Jun 02Mitek's Legal Overhang Sees No Development, Declines Unjustified
May 10Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down
May 01We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease
Apr 11Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)
Feb 24Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power
Jan 27Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains
Dec 22Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet
Oct 21I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease
Sep 03Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business
Aug 20Mitek Systems: A Breakout Quarter Adds To The Bullish Case
Jul 31Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate
Jul 27CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Sep 30 2023 | US$3m | US$469k | US$8m |
Jun 30 2023 | n/a | n/a | US$9m |
Mar 31 2023 | n/a | n/a | US$9m |
Dec 31 2022 | n/a | n/a | US$5m |
Sep 30 2022 | US$6m | US$450k | US$4m |
Jun 30 2022 | n/a | n/a | US$5m |
Mar 31 2022 | n/a | n/a | US$8m |
Dec 31 2021 | n/a | n/a | US$9m |
Sep 30 2021 | US$3m | US$450k | US$8m |
Jun 30 2021 | n/a | n/a | US$11m |
Mar 31 2021 | n/a | n/a | US$10m |
Dec 31 2020 | n/a | n/a | US$9m |
Sep 30 2020 | US$1m | US$450k | US$8m |
Jun 30 2020 | n/a | n/a | US$6m |
Mar 31 2020 | n/a | n/a | US$5m |
Dec 31 2019 | n/a | n/a | US$3m |
Sep 30 2019 | US$5m | US$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
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 5.3yrs | US$3.21m | 0.55% $ 3.6m | |
Senior VP & GM of Digital Banking | 8.2yrs | US$1.11m | 0.42% $ 2.8m | |
Senior VP of Identity & Head of Products | 1.8yrs | US$1.03m | 0.050% $ 328.5k | |
Chief Financial Officer | less than a year | no data | no data | |
Investor Contacts | no data | no data | no data | |
Chief Legal Officer | 1.2yrs | US$938.49k | 0.12% $ 759.1k | |
Corporate Communications Director | no data | no data | no data | |
Chief Marketing Officer | no data | no data | no data | |
Senior Vice President of People Operations | 4.7yrs | no data | no data |
3.3yrs
Average Tenure
59yo
Average Age
Experienced Management: MITK's management team is considered experienced (3.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 5.3yrs | US$3.21m | 0.55% $ 3.6m | |
Independent Director | 9.3yrs | US$50.00k | 0.35% $ 2.3m | |
Member of Advisory Board | 15.2yrs | no data | no data | |
Member of Advisory Board | 9.4yrs | no data | no data | |
Independent Director | 2yrs | US$50.00k | 0.026% $ 168.0k | |
Director Emeritus | no data | US$22.00k | no data | |
Independent Director | 4.3yrs | US$197.90k | 0.088% $ 574.8k | |
Independent Director | 3.3yrs | US$67.79k | 0.044% $ 289.1k | |
Chairperson of the Board | 2yrs | US$1.80m | 0.15% $ 978.2k | |
Independent Director | 2.8yrs | US$62.50k | 0.033% $ 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).