Mitek Systems, Inc. develops and sells software products with a focus on intelligent character recognition and forms processing technology, products and services for the document imaging markets.
Value
Total number of shares outstanding as of Jan. 31, 2000 7,420,000
Price of each share of common stock on Jan. 31, 2000 $6.125
Aggregate market value as of Jan. 31, 2000 $45,447,500.00
Performance Record
For year ended Sept. 30, in thousands, except per-share data
1999 1998 1997
Sales $9,741 $6,501 $4,842
Net income (loss) $2,026 $(1,497) $(2,566)
Net income (loss) per share $0.19 $(0.13) $(0.25)
Total assets $7,389 $6,136 $7,188
Directors
John M. Thornton, 67, has been director since March 1986 and chairman since October 1987. He also served as president, CEO and CFO since September 1998. He is also chairman of Thornton Winery Corp.
Gerald I. Farmer, 65, has been a director since May 1994, and was executive vice president from November 1992 to June 1997.
James B. DeBello, 41, has been a director since November 1994 and president, COO and director of CollegeClub.com since April 1999.
Daniel E. Steimle, 51, has been director since February 1987, and has been CFO of Transmeta Corp. since November 1998.
Sally B. Thornton, 65, has been director since April 1988. She is also a director of Thornton Winery Corp. and trustee of the Sjorgren’s Syndrome Foundation in New York and Stephens College in Missouri.
Executive Compensation
Officers Cash Compensation
John Thornton, chairman $285,000
David Pintsov, senior vice president $162,500
William Boersing, vice president of North American sales $225,000
Noel Flynn, vice president of operations $143,000
Dennis Brittain, chief technical officer $156,000
Significant Stock Ownership
Number of shares Percent
Jan. 4, 2000
John and Sally Thornton 2,749,959 26.15
Directors and officers as a group (9 persons) 3,807,488 33.36
Other Information
Headquarters: 10070 Carroll Canyon Road, San Diego CA 92131; (858) 635-5900;
(858) 635-5908; (www.miteksys.com)
Auditors: Deloitte & Touche LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
