secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001104659-26-015886
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CPI Card Group CFO Jeffrey Hochstadt departs; Terra Grantham named Interim CFO
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- Jeffrey Hochstadt ceased as CFO effective Feb 13, 2026; will remain as advisor through June 30, 2026.
- Terra Grantham, SVP Enterprise Strategy & Growth, appointed Interim CFO effective Feb 13, 2026.
- Grantham joined CPI in 2017, has 25+ years finance/strategy experience; previously SVP FP&A and Strategy.
- Hochstadt eligible for severance under existing Severance Guidelines; no material compensation changes for Grantham.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000110465926015886/0001104659-26-015886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000110465926015886/pmts-20260213x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-015886

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer