---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-003297"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:21:02.688273+00:00"
event_type: "other"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group enters stock repurchase agreement with Parallel49 to buy up to 325k shares at 98% of VWAP

## Summary
- Agreement with Tricor Pacific (Parallel49) for CPI to buy shares equal to 3x its open market purchases from other holders during Apr-Jun 2024.
- Maximum repurchase from Parallel49 capped at 325,000 shares; price set at 98% of volume-weighted average price (VWAP) of open market buys.
- Repurchase expected to settle in early July 2024; all repurchased shares to be cancelled immediately.
- Parallel49 granted option to sell additional shares in any privately negotiated repurchases CPI undertakes before June 30, 2024.
- Independent Audit Committee of CPI's Board approved the agreement; share repurchase program remains unchanged at $20M authorization through Dec 2024.

## SEC filing metadata
- accession: 0001558370-24-003297
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: other
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837024003297/0001558370-24-003297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837024003297/pmts-20240314x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-003297
- JSON: https://secwatch.observer/filing/0001558370-24-003297.json
- Plain text: https://secwatch.observer/filing/0001558370-24-003297.txt

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