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Mitek Systems, Inc. (MITK)



Faruqi & Faruqi, LLP Launches An Investigation Against Mitek Systems, Inc. (MITK) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mitek Systems, Inc. ("Mitek Systems" or the "Company") (NASDAQ: MITK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment of the Company's 2012 Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 21, 2014, the Board of Directors recommends that Mitek Systems' shareholders vote to approve an amendment to the Company's 2012 Incentive Plan to increase the number of shares available for issuance thereunder from 2,000,000 to 4,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Mitek Systems common stock.

If you own common stock in Mitek Systems and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 01/24/2014

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