View:
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: FEBRUARY 4, 2004
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 February 4, 2004, Mitek Systems, Inc. issued a press release announcing
the election of Michael W. Bealmear to 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 February 4, 2004.
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: February 4, 2004 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 FEBRUARY 4, 2004.
Exhibit 99.1
Mitek Systems Elects HyperRoll Executive, Michael W. Bealmear,
To Board of Directors
POWAY, Calif., Feb. 4 /PRNewswire-FirstCall/ -- Mitek Systems, Inc.
(Nasdaq: MITK), a leading developer of fraud protection, automated check
imaging and document processing solutions, today announced the election of
Michael W. Bealmear, chief executive officer of HyperRoll, Inc., a leading
provider of data aggregation software for business intelligence applications,
to its board of directors. With the election of Mr. Bealmear, the Company's
board complies with the Nasdaq Stock Market's majority board independence
requirement. Mitek's board now consists of seven members, of which four are
independent.
As the newly appointed chief executive officer of HyperRoll, Mr. Bealmear
brings more than 20 years of database and business intelligence experience to
his position and more than 30 years in the IT arena. Most recently, Mr.
Bealmear was executive vice president of Sybase, where he served as president
of Worldwide Field Operations. In this role, Mr. Bealmear was responsible for
developing and implementing the company's growth strategies, overseeing all
customer relations, and driving global sales for Sybase's geographies in North
America, Latin America, Asia Pacific, and Europe.
"We are very pleased to have Michael as a member of our board of
directors," said James DeBello, Mitek Systems' president and chief executive
officer. "He brings to our board a wealth of knowledge and experience in
business development, global operations and channel partnerships. Michael is
a growth strategist with a remarkable ability to find and capitalize on
opportunities. His track record in the technology sector speaks for itself.
We believe his insight will be invaluable in guiding Mitek's future."
Prior to joining Sybase, Mr. Bealmear was chief executive officer of
Covansys, Inc. Before his tenure at Covansys, he was chief executive officer
of Spear Technologies and executive vice president of Cadence Design Systems,
Inc.
Mr. Bealmear earned a Bachelor of Science in Engineering from University
of Texas at Austin and did his graduate work in mathematics and computer
science at Rice University in Houston.
"I am delighted to join the board of Mitek Systems," said Michael
Bealmear. "Mitek has a strong product set in a market abundant with
opportunity. This is an exciting time in Mitek's history, and I look forward
to being an advisor to the team."
About Mitek Systems
Mitek Systems is a premier provider of 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 achieve or
sustain any growth in sales and revenue and the increase in sales
representatives and other personnel. 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, President and
CEO of Mitek Systems, +1-858-513-4600; Linda Chien, General Information,
+1-310-407-6547, or Jocelyn Hunter, Investor Contact, +1-415-248-3433, both of
Financial Relations Board, for Mitek Systems.
SOURCE Mitek Systems, Inc.
-0- 02/04/2004
/CONTACT: James B. DeBello, President and CEO of Mitek Systems,
+1-858-513-4600; Linda Chien, General Information, +1-310-407-6547, or Jocelyn
Hunter, Investor Contact, +1-415-248-3433, both of Financial Relations Board,
for Mitek Systems/
/Web site: http://www.miteksys.com /
(MITK)
CO: Mitek Systems, Inc.; HyperRoll, Inc.; Sybase; Covansys, Inc.; Spear
Technologies; Cadence Design Systems, Inc.
ST: California
IN: CPR HTS ECM STW OTC
SU: PER