secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001558370-24-000522
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/0001558370-24-000522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837024000522/pmts-20240124x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000522

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