Marqeta, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Marqeta, Inc. on May 8, 2026. The filing discloses the appointment of a new Chief Technology Officer (CTO) effective May 18, 2026.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change is the appointment of Lukasz Strozek as Chief Technology Officer. Mr. Strozek joins from LendingClub Corp., where he served as CTO from June 2024 to May 2026. He will lead the Company's technology and engineering organization.
Compensation and Management Commentary
Mr. Strozek's compensation package includes the following components:
- Base Salary: $475,000 annually.
- Annual Bonus: Target of 75% of base salary, prorated for the year of hire.
- Sign-on Bonus: One-time discretionary bonus of $100,000, contingent on remaining employed for at least one year.
- Restricted Stock Units (RSUs): Estimated value of $7,600,000, vesting over approximately three years (1/3 after one year, then quarterly).
- Performance Stock Units (PSUs): Estimated value of $1,900,000, subject to executive team goals and targets.
Mr. Strozek will also be eligible for severance and change in control benefits under the Company's Executive Severance Plan. The filing states there are no family relationships between Mr. Strozek and other executives or directors.
Investor Verification Checklist
- Verify the vesting schedule and performance metrics for the $1,900,000 PSU grant in the Company's 2021 Stock Option and Incentive Plan.
- Review the full text of the Offer Letter (to be filed as an exhibit in future filings) for complete terms and conditions.
- Confirm the impact of the new CTO appointment on the Company's technology roadmap and engineering strategy.
- Monitor future filings for any changes to the Executive Severance Plan or Executive Bonus Plan referenced in the appointment.