UNITED STATES
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 (Date of earliest event reported): April 3, 2012
MITEK SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 001-35231 | 87-0418827 | ||
| (State or other jurisdiction of incorporation) |
Commission file number |
(I.R.S. Employer identification number) |
8911 Balboa Ave., Suite B, San Diego, California 92123
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (858) 309-1700
N/A
(Former name, or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
On March 29, 2012, United Services Automobile Association (“USAA”) filed a complaint in the United States District Court for the Western District of Texas San Antonio Division, as Case No. 12-cv-00282-FB, against Mitek Systems, Inc. (the “Company”) seeking, among other things, a declaratory judgment that USAA does not infringe certain patents of the Company relating to Mobile Deposit, and that such patents are not enforceable against USAA. USAA is also seeking to prevent Mitek from using USAA’s proprietary information. The Company believes that the claims are without merit and intends to vigorously defend its intellectual property rights.
On April 3, 2012, the Company issued a press release regarding its comments with respect to the above referenced complaint. The full text of the Company’s press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| 99.1 | Press Release issued on April 3, 2012. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MITEK SYSTEMS, INC. | ||
| By: | /s/ Russell C. Clark | |
| Russell C. Clark | ||
| Chief Financial Officer | ||
Date: April 3, 2012
Exhibit 99.1
Mitek Systems Comments on USAA Lawsuit
SAN DIEGO – April 3, 2012 – On March 29, 2012, United Services Automobile Association (USAA) filed a complaint against Mitek Systems (NASDAQ: MITK, www.miteksystems.com), a leading mobile imaging software solutions provider. USAA is seeking, among other things, a declaratory judgment that USAA does not infringe certain patents of Mitek relating to Mobile Deposit and that such patents are not enforceable against USAA. USAA is also seeking to prevent Mitek from using USAA’s proprietary information.
Mitek is currently a party to a software license agreement with USAA and today provided its comment regarding the complaint:
“It’s unfortunate when business negotiations break down; however, Mitek is the proven leader in mobile imaging software, as evidenced by the numerous U.S. patents we have been awarded,” stated James DeBello, president and CEO of Mitek Systems. “We believe these claims are without merit and we intend to vigorously defend our intellectual property rights, as necessary.”
About Mitek Systems
Headquartered in San Diego, Calif., Mitek Systems (NASDAQ: MITK) is a mobile imaging software solutions provider that allows users to remotely deposit checks, pay their bills, get insurance quotes, and transfer credit card balances by snapping a picture with their camera-equipped smartphones and tablets instead of using the device keyboard. Mitek’s technology increases convenience for the consumer by eliminating the need to go to the bank branch or automated teller machine, and dramatically reduces processing and customer acquisition costs while increasing customer retention. With a strong patent portfolio, Mitek is positioned as the leading innovator in mobile imaging software and currently provides its solutions to Fortune 500 financial services companies. For more information about Mitek Systems, please visit www.miteksystems.com.
Investor Relations Contact:
Julie Cunningham
858.309.1780
ir@miteksystems.com