Mitek Systems, Inc. announced the appointment of Garrett Gafke as Chief Operating Officer on April 28, 2025. Mr. Gafke is a recognized entrepreneur and Fortune 500 executive with decades of experience scaling and transforming technology businesses across risk, fraud, and digital identity. His appointment is a pivotal step in Mitek’s strategy to accelerate growth through innovation and operational excellence.
Mr. Gafke joins the executive team with a clear mandate to streamline operations, accelerate innovation, and expand the company’s position as a global leader in digital identity verification and fraud prevention. He is known as the founder and former CEO of IdentityMind, a SaaS company that helped define the digital identity landscape. CEO Ed West emphasized that Mr. Gafke's expertise will be instrumental in optimizing product development, bolstering data and analytics capabilities, and driving automation at scale.
In connection with his appointment, Mr. Gafke received employment inducement awards with a grant date fair value of $4,000,000. These awards are heavily weighted towards performance-based vesting requirements, with 75% in performance-vesting restricted stock units (PSUs) tied to stock price performance goals compared to the Russell 2000, and 25% in service-based vesting restricted stock units (RSUs). This compensation structure aligns his efforts with building stockholder value.
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