---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000522"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:21:04.656991+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-000522
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/pmts-20240124x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000522
- JSON: https://secwatch.observer/filing/0001558370-24-000522.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000522.txt

## Key facts
- Executive change
  Scott Scheirman resigned as Director at CPI Card Group Inc..
  - Action: resigned
  - Role: Director
  source text: Mr. Scheirman will resign and step down from the Board, effective January 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm
- Executive change
  John Lowe was appointed as President and Chief Executive Officer at CPI Card Group Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm
- Executive change
  John Lowe was appointed as Director at CPI Card Group Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed Mr. Lowe to serve on the Board, effective January 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm
- Executive change
  Scott Scheirman resigned as President and Chief Executive Officer at CPI Card Group Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: Mr. Scheirman will end his service as President and Chief Executive Officer on January 25, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm

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