Scott Carter, Previous Executive Chair of the Board and Current Chairman of the Board, Appointed Interim CEO

Search Underway to Identify Permanent CEO

Mitek, a global leader in digital identity and fraud prevention, announces the appointment of Scott Carter as Interim CEO, effective June 1, 2024. This strategic move comes as the company undergoes a CEO transition process, ensuring continuity and momentum in its digital identity initiatives.

1. CEO Transition Announcement:

   • Scott Carter appointed Interim CEO, effective June 1, 2024.
   • Current CEO Max Carnecchia's employment to terminate on May 31, 2024.
   • Max Carnecchia to remain as a member of the Board of Directors to assist in the transition process.

2. Rationale Behind Leadership Change:

   • Board's decision driven by Mitek's successful navigation through a period of delayed SEC filings.
   • Aim to capitalize on significant growth opportunities with new leadership.

3. Qualifications of Scott Carter:

   • Extensive experience in technology leadership, particularly in identity and financial technology sectors.
   • Previously served as Executive Chairman of Mitek, deeply involved in daily operations and customer engagement.
   • Possesses in-depth understanding of Mitek's operations and established relationships within the company.

4. Vision for Mitek's Future:

   • Emphasis on recent product innovations driving market acceptance.
   • Commitment to advancing business strategy through operational discipline and execution.
   • Focus on people, operations, and customer-centric approach to drive growth.

5. Acknowledgement of Max Carnecchia's Contributions:

   • Appreciation for Max's pivotal role in establishing and growing Mitek's identity and fraud management business.
   • Recognition of Max's contributions in positioning Mitek for future success.

6. Statements from Key Figures:

   • Donna Wells, Mitek’s Nominating and Governance Committee Chairperson, and Scott Carter share insights on leadership transition and strategic focus.
   • Max Carnecchia expresses gratitude for his tenure and pride in Mitek's achievements under his leadership.

The appointment of Scott Carter as Interim CEO marks a significant step in Mitek's leadership transition, ensuring continuity and driving forward its vision in digital identity and fraud prevention. With a focus on innovation, operational excellence, and customer-centric approach, Mitek remains committed to its trajectory of growth and success in the evolving digital landscape.