---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019577"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:12:26.470711+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group enters stock repurchase agreement with major shareholder Parallel49 for up to 325K shares

## Summary
- CPI agrees to buy up to 325,000 shares from Parallel49 at 98% of open-market VWAP through March 31, 2024.
- Parallel49 will sell three times the number of shares CPI repurchases in the open market from other holders.
- The repurchase is part of CPI's existing $20M board-authorized share repurchase program.
- Parallel49 also gets an option to sell shares at the same terms if CPI does a privately negotiated repurchase.
- The independent audit committee approved the agreement; shares repurchased will be cancelled.

## SEC filing metadata
- accession: 0001558370-23-019577
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837023019577/0001558370-23-019577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837023019577/pmts-20231206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019577
- JSON: https://secwatch.observer/filing/0001558370-23-019577.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019577.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.