secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001558370-23-010793
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837023010793/0001558370-23-010793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837023010793/pmts-20230530x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010793

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