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Mitek Systems general manager Michael Diamond sells $65,560 in stock

Published 11/12/2024, 02:46
MITK
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Additionally, on December 6, Diamond was awarded 55,187 restricted stock units under the company's 2020 Incentive Plan. These units were granted at a price of $9.06 per share, contributing to a total acquisition value of $499,994. The vesting of these shares is subject to performance criteria over the next three years, as outlined in the plan. With a moderate debt-to-equity ratio of 0.7 and current ratio of 4.46, InvestingPro subscribers can access detailed analysis of the company's financial health and growth potential through comprehensive Pro Research Reports. With a moderate debt-to-equity ratio of 0.7 and current ratio of 4.46, InvestingPro subscribers can access detailed analysis of the company's financial health and growth potential through comprehensive Pro Research Reports.

Additionally, on December 6, Diamond was awarded 55,187 restricted stock units under the company's 2020 Incentive Plan. These units were granted at a price of $9.06 per share, contributing to a total acquisition value of $499,994. The vesting of these shares is subject to performance criteria over the next three years, as outlined in the plan. With a moderate debt-to-equity ratio of 0.7 and current ratio of 4.46, InvestingPro subscribers can access detailed analysis of the company's financial health and growth potential through comprehensive Pro Research Reports.

Additionally, on December 6, Diamond was awarded 55,187 restricted stock units under the company's 2020 Incentive Plan. These units were granted at a price of $9.06 per share, contributing to a total acquisition value of $499,994. The vesting of these shares is subject to performance criteria over the next three years, as outlined in the plan.

In other recent news, Mitek Systems (NASDAQ:MITK) held its annual stockholders meeting where six directors were re-elected and the company's independent auditor was ratified for the upcoming fiscal year. The directors, Scott R. Carter, Rahul Gupta, James C. Hale, Susan J. Repo, Kimberly S. Stevenson, and Donna C. Wells, will continue to serve until the 2025 annual meeting. The appointment of BDO USA, P.C. as Mitek's independent registered public accounting firm for the fiscal year ending September 30, 2024, was approved with a significant majority. The meeting also saw shareholders cast an advisory vote on the compensation of the company's named executive officers, which was approved. These are among the recent developments concerning Mitek Systems.

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