SAN DIEGO—Christopher H. Briggs, Senior Vice President of Identity at Mitek Systems Inc. (NASDAQ:MITK), recently executed stock transactions that resulted in the sale of approximately $30,132 worth of common stock. The sales, which took place on December 3, involved 3,320 shares with prices ranging from $9.06 to $9.09 per share. The transaction occurred as Mitek Systems, currently valued at $422.3 million, maintains impressive gross profit margins of 85% and strong liquidity with a current ratio of 4.46.
In addition to these sales, Briggs acquired 27,593 shares of common stock on December 6. This acquisition, valued at around $249,992, was part of a grant of restricted stock units under Mitek Systems' 2020 Incentive Plan.
Following these transactions, Briggs holds a total of 123,549 shares in Mitek Systems, reflecting his ongoing involvement and stake in the company's future performance.
In other recent news, Mitek Systems Inc., a technology company, held its annual stockholders meeting, revealing significant developments. The meeting resulted in the re-election of six directors and the ratification of the company's independent auditor for the upcoming fiscal year. Directors Scott R. Carter, Rahul Gupta, James C. Hale, Susan J. Repo, Kimberly S. Stevenson, and Donna C. Wells were re-elected 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, received considerable support, with 37,405,252 votes in favor, 1,374,852 against, and 283,610 abstentions. Additionally, stockholders approved an advisory vote on the compensation of the company's named executive officers, with 16,625,949 votes for, 8,763,305 against, and 504,378 abstentions. These are among the latest developments at Mitek Systems.
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