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Mitek Systems Executive Compensation (FY25)

MITK · San Diego, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Edward H. West
Latest say-on-pay support
=
March 3, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 20, 2026Latest filing (8-K): March 4, 2026
15 filings cited on this page
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266 figures on this page: 256 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on Mitek Systems

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Scipio Carnecchia → Edward H. West
Say-on-pay support: 62.0% → 81.4% (19.4 points higher)
CEO pay ratio: 31:1 → 100:1 (222.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Mitek Systems' chief executive and what were they paid?
Total compensation for Edward H. West, Chief Executive Officer, came to $9,414,057 in fiscal 2025.
What was Mitek Systems' say-on-pay result?
The say-on-pay proposal drew 81.4% of votes cast for or against in favor at the meeting held March 3, 2026 for fiscal 2025.
Which companies are in Mitek Systems' peer group?
The disclosed peer group includes A10 Networks, Inc., Agilysys, Inc., American Software, Inc., Asure Software, Inc. and Brightcove, Inc., among others.
What is Mitek Systems' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 100:1, against median employee compensation of $93,795.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scipio Carnecchia
Chief Executive Officer and Director
◇—◇—◇—◇◇
Scott Marcus
Former General Counsel Secretary
Departed during or after this year
◇—◇—◇—◇◇
Michael E. Diamond
General Manager
◇—◇—◇—◇◇
Stephen Ritter
Former Chief Technology Officer
Departed during or after this year
◇—◇—◇—◇◇
Frank Teruel
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Teruel
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scipio Carnecchia
Former Chief Executive Officer
Departed during or after this year
◇—◇◇——◇◇
Jason L. Gray
Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
◇—◇—◇—◇◇
David Lyle
Chief Financial Officer
◇—◇—◇—◇◇
Michael E. Diamond
Senior Vice President, Deposit Solutions
◇—◇—◇—◇◇
Scott Carter
Interim Chief Executive Officer and Executive Chair of the Board
Served on an interim basis
◇—◇———◇◇
Christopher Briggs
Chief Product Officer
◇—◇—◇—◇◇
Fuad Ahmad
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇——————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward H. West
Chief Executive Officer
◇◇◇—◇—◇◇
Garrett Gafke
Chief Operating Officer
◇◇◇—◇——◇
David Lyle
Chief Financial Officer
◇—◇—◇—◇◇
Michael E. Diamond
Senior Vice President, Digital Banking
◇—◇—◇—◇◇
Jason L. Gray
Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David LylePSU◇◇◇◇◇—◇
Edward H. WestPSU◇◇◇◇◇—◇
Garrett GafkePSU◇◇◇◇◇—◇
Jason L. GrayPSU◇◇◇◇◇—◇
Michael E. DiamondPSU◇◇◇◇◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael DiamondOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jason GrayOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
Garrett GafkeRSU◇◇——
RSU◇◇——
Edward WestRSU◇◇——
RSU◇◇——
RSU◇◇——
David LyleRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Lyle
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Edward H. West
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Garrett Gafke
Chief Operating Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Jason L. Gray
Chief Legal Officer, Chief Compliance Officer and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Michael E. Diamond
Senior Vice President, Digital Banking · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James D. Fay
◇◇————◇
Scott Carter
Board chair
◇◇————◇
Susan J. Repo
◇◇————◇
Kimberly S. Stevenson
◇◇————◇
Donna C. Wells
◇◇————◇
Rahul Gupta
◇◇————◇
Mark Rossi
◇◇————◇
James C. Hale
◇—————◇
Edward H. West served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Stock ownership guideline: These requirements provide that each of our non-employee directors must have equity positions in the Company with a value equal to five times his or her annual base retainer amount.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A10 Networks, Inc. ATEN
  • Agilysys, Inc. AGYS
  • American Software, Inc. symbol not shown
  • Asure Software, Inc. ASUR
  • Brightcove, Inc. BCOV
  • Domo, Inc. DOMO
  • eGain Corporation EGAN
  • Enfusion, Inc. ENFN
  • MeridianLink, Inc. MLNK
  • Model N, Inc. MODN
  • ON24, Inc. ONTF
  • OneSpan, Inc. OSPN
  • PROS Holdings, Inc. PRO
  • SecureWorks Corp. SCWX
  • Upland Software, Inc. UPLD
  • Weave Communications, Inc. WEAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 3, 2026=◇◇◇
2024March 4, 2025=◇◇◇
2023September 10, 2024=◇◇◇
2022October 2, 2023=◇◇◇
2021March 2, 2022=◇◇◇
2020March 3, 2021=◇◇◇
2019March 4, 2020=◇◇◇
2018March 6, 2019=◇◇◇
2017March 7, 2018=◇◇◇
2016March 10, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Edward H. West (Chief Executive Officer), FY2025 total compensation $9,414,057 (base salary $500,000) [exec_comp, SEC accession 0001628280-26-003469, filed 2026-01-26]

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What this page does not include

Everything above is a fact Mitek Systems disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Mitek Systems sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
266 figures on this page: 256 cited to the filing that reported them, 10 calculated from figures it prints.
256 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000807863-26-000011
  2. 0001628280-26-003469
    Compensation Discussion and Analysis · Director Compensation · Director Compensation for Fiscal 2025 · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0000807863-25-000069
    Employment Agreement
  4. 0000807863-25-000056
  5. 0000807863-25-000007
    Summary Compensation Table
  6. 0000807863-24-000097
  7. 0000807863-24-000086
    Summary Compensation Table
  8. 0000807863-23-000100
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000807863-23-000073
    Summary Compensation Table
  10. 0000807863-22-000049
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000807863-21-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000807863-20-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000807863-19-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000807863-18-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001564590-17-004657
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Mitek Systems executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MITK (accessed 2026).
Short form: data: Velarion

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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Mitek Systems discloses

The companies named in MITK's own disclosed peer group.

A10 Networks, Inc.Agilysys, Inc.Asure Software, Inc.Brightcove, Inc.Domo, Inc.eGain CorporationEnfusion, Inc.MeridianLink, Inc.Model N, Inc.ON24, Inc.OneSpan, Inc.PROS Holdings, Inc.SecureWorks Corp.Upland Software, Inc.Weave Communications, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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