8-K filed January 25, 2024, 6:59 PM ET ticker PMTS CIK 0001641614

leadership confidence high sentiment neutral materiality 0.60

CPI Card Group names John Lowe as President and CEO, succeeding retiring Scott Scheirman

CPI Card Group Inc.

John Lowe appointed President & CEO effective Jan 25, 2024; succeeds Scott Scheirman who retires but stays as Senior Advisor through Feb 28.
Lowe receives base salary of $625k, target annual bonus of 100% of base, and equity grants targeting $2M annually.
Promotion awards: 60,000 PSUs vesting at stock price hurdles $35/$50/$65; 40,000 RSUs vesting over 4 years.
Lane Dubin, EVP and Chief Development & Digital Officer, will depart on June 30, 2024; separation agreement expected.
Peggy O'Leary promoted to SVP Prepaid Solutions and Chief Development and Digital Officer, reporting to Lowe.

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

Director

PMTS · CPI Card Group Inc.

Effective: 2024-01-25
Successor: John Lowe
Filed: January 25, 2024, 6:59 PM ET

Mr. Scheirman will resign and step down from the Board, effective January 25, 2024.

Appointed

John Lowe

President and Chief Executive Officer

PMTS · CPI Card Group Inc.

Effective: 2024-01-25
Filed: January 25, 2024, 6:59 PM ET

On January 24, 2024, the Board of Directors (the “Board”) of CPI Card Group Inc. (the “Company”) appointed John Lowe, who currently serves as Executive Vice President, End-to-End Payment Solutions, as President and Chief Executive Officer of the Company, effective January 25, 2024.

Appointed

John Lowe

Director

PMTS · CPI Card Group Inc.

Effective: 2024-01-25
Filed: January 25, 2024, 6:59 PM ET

the Board appointed Mr. Lowe to serve on the Board, effective January 25, 2024.

Departed

Scott Scheirman

President and Chief Executive Officer

PMTS · CPI Card Group Inc.

Effective: 2024-01-25
Successor: John Lowe
Filed: January 25, 2024, 6:59 PM ET

Mr. Scheirman will end his service as President and Chief Executive Officer on January 25, 2024

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 resigned as Director at CPI Card Group Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Scheirman will resign and step down from the Board, effective January 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Lowe was appointed as President and Chief Executive Officer at CPI Card Group Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 24, 2024, the Board of Directors (the “Board”) of CPI Card Group Inc. (the “Company”) appointed John Lowe, who currently serves as Executive Vice President, End-to-End Payment Solutions, as President and Chief Executive Officer of the Company, effective January 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Lowe was appointed as Director at CPI Card Group Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Mr. Lowe to serve on the Board, effective January 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Scheirman will end his service as President and Chief Executive Officer on January 25, 2024

View on SEC.gov

CPI Card Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-000522

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