SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: DECEMBER 30, 2003
Commission File Number: 0-15235
MITEK SYSTEMS, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 87-0418827
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
14145 DANIELSON STREET, SUITE B
POWAY, CA 92064
(Address of principal executive offices)
(858) 513-4600
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On December 30, 2003, Mitek Systems, Inc. issued a press release
announcing the resignation of Daniel E. Steimle from its Board of Directors. A
copy of the release is attached as Exhibit 99.1 and incorporated by reference
herein.
ITEM 7(c). EXHIBITS
99.1 Press release dated December 30, 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MITEK SYSTEMS, INC.
Date: December 30, 2003 By: /s/ John M. Thornton
-------------------------------------
John M. Thornton
Chairman of the Board of Directors and
Chief Financial Officer
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
99.1 PRESS RELEASE DATED DECEMBER 30, 2003.
Exhibit 99.1
Daniel E. Steimle to Leave Board of Mitek Systems
POWAY, Calif., Dec. 30 /PRNewswire-FirstCall/ -- Mitek Systems, Inc.
(Nasdaq: MITK), a leading developer of check imaging and automated document
processing solutions, today announced that Daniel E. Steimle resigned from the
Company's Board of Directors effective December 22, 2003.
"We sincerely appreciate Dan's many years of service to Mitek Systems. We
thank him for his invaluable dedication and numerous contributions for the
benefit of our shareholders. We wish him all the best and good luck with his
future endeavors."
With the departure of Mr. Steimle, the Company's board will consist of an
equal number of independent and non-independent directors. The Company is
conducting a search for a successor in order to comply with the Nasdaq Stock
Market's majority board independence requirement going into effect next year.
About Mitek Systems
Mitek Systems is a premier provider of check imaging software and check
fraud protection solutions for the banking industry, and an established global
supplier of embedded software recognition engines. Mitek develops recognition
technology using advanced neural networking techniques and deploys this
expertise in fraud prevention, check, financial document and forms processing
applications. These applications automatically process over 8 billion
documents per year for a variety of OEMs, reseller partners and end users.
For more information about Mitek Systems, contact us at 14145 Danielson
Street, Suite B, Poway, CA 92064; 858-513-4600 or visit our Web site at
www.miteksys.com.
Forward-Looking Statement Disclosure
With the exception of historical matters, the matters discussed in this
news release are forward-looking statements that involve risks and
uncertainty. Forward-looking statements include, but are not limited to,
statements relating to the development and pace of sales of the Company's
products, expected trends and growth in the Company's results of operations,
projections concerning the Company's available cash flow and liquidity,
anticipated penetration in new and existing markets for the Company's products
and the size of such markets, anticipated acceptance of the Company's products
by existing and new customers, the ability of the Company to sustain any
growth in sales and revenue and the increase in sales representatives and
other personnel. The Company's actual results could differ in such forward-
looking statements. There can be no assurance that the Company will achieve
the results set forth herein. Mitek and Mitek Systems are registered
trademarks of Mitek Systems, Inc. All other product or company names may be
trademarks or registered trademarks of their respective holders.
For further information please contact: James B. DeBello of Mitek
Systems, Inc., +1-858-513-4600, jdebello@miteksys.com.
SOURCE Mitek Systems, Inc.
-0- 12/30/2003
/CONTACT: James B. DeBello of Mitek Systems, Inc., +1-858-513-4600,
jdebello@miteksys.com/
/Web site: http://www.miteksys.com /
(MITK)
CO: Mitek Systems, Inc.
ST: California
IN: CPR STW ECM OTC
SU: PER