CPI Card Group CEO Scott Scheirman to retire by Feb 28, 2024; board chairman resigns

CPI Card Group Inc.

CEO Scheirman to retire on Feb 28, 2024; will remain until successor named; board expects new CEO late 2023/early 2024.
Chairman Bradley Seaman resigns from board effective June 15, 2023; no disagreement with company.
Compensation committee awards $801k RSUs to EVP John Lowe and $567k RSUs to EVP Lane Dubin as retention incentives.
Scheirman receives $3.92M in 2023 equity grants and up to $5M severance plus extended benefits if employed through retention date.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Scott Scheirman

President and Chief Executive Officer

PMTS · CPI Card Group Inc.

Effective: 2024-02-28
Filed: June 5, 2023, 7:59 PM ET

On May 31, 2023, Scott Scheirman, the Company’s President and Chief Executive Officer, notified the Company of his intent to retire from the Company in order to have more time for family.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Scheirman departed as President and Chief Executive Officer at CPI Card Group Inc..

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On May 31, 2023, Scott Scheirman, the Company’s President and Chief Executive Officer, notified the Company of his intent to retire from the Company in order to have more time for family.

View on SEC.gov

CPI Card Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-010793

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.