The latest announcement is out from Mitek Systems Inc (MITK).
The company announced a leadership transition as CEO Scipio “Max” Carnecchia will step down on May 31, 2024, and remain on the board to help with the transition. Scott Carter, with a strong background in executive roles and advisory services, will take over as Interim CEO and Principal Executive Officer starting June 1, 2024. Alongside this change, the company has authorized a $50 million share repurchase program, effective May 16, 2024, signaling potential confidence in the company’s value despite the executive shuffle.
For a thorough assessment of MITK stock, go to TipRanks’ Stock Analysis page.
