Mitek Systems, Inc. (NASDAQ:MITK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 25, 2017, the Board of Directors of Mitek Systems, Inc. (the “Company”) appointed the Company’s Chief Marketing Officer, Kalle Marsal, to the position of Chief Operating Officer.

Mr. Marsal, age 45, joined the Company as Chief Marketing Officer in September 2016. Mr. Marsal has over 20 years of experience in general management, business development, finance, marketing, corporate strategy and acquisitions, and holds three degrees from Stanford University.He previously served as Vice President of Product Management, Inkjet Printing Business at HP Inc., a global leader in computing and printing solutions, from April 2015 through August 2016. Prior to that, from 2004 to March of 2015, Mr. Marsal held a variety of business and product management positions with increasing seniority at HP, Inc., including management functions for both domestic and international operations and was instrumental in building a retail and cloud services business for consumer printing. He began his career as an associate at Bain and Company. Mr. Marsal holds a B.S. in Industrial Engineering, with distinction, and a M.S. in Industrial Engineering from Stanford University. He also holds an MBA from Stanford University Graduate School of Business, where he was honored as an Arjay Miller Scholar..

There is no agreement or understanding between Mr. Marsal and any other person to which he was appointed as the Company’s Chief Operating Officer and there are no changes in Mr. Marsal’s current compensation as a result of the change in title. In addition, there are no family relationships between Mr. Marsal and any of the Company’s directors or other executive officers, nor are there any transactions in which Mr. Marsal has an interest requiring disclosure under Item 404(a) of Regulation S-K.

About Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in various ways. The Company’s products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.