Terra Grantham was appointed as Chief Financial Officer at CPI Card Group Inc..
“On June 29, 2026 (the “Appointment Date”), the Board of Directors (the “Board”) of CPI Card Group Inc. (the “Company”) appointed Terra Grantham as the Company’s Chief Financial Officer, effective as of the same date.”
Shareholder Votes
CPI Card Group Inc. shareholders approved Stockholder Advisory Vote to Approve Named Executive Officer Compensation at the 2026-05-21 meeting.
“The Company’s stockholders voted to approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Proxy Statement, by the following votes:”
Shareholder Votes
CPI Card Group Inc. shareholders approved Ratification of Appointment of KPMG LLP as Independent Registered Public Accounting Firm at the 2026-05-21 meeting.
“The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 by the following votes:”
Shareholder Votes
CPI Card Group Inc. shareholders approved Election of Directors at the 2026-05-21 meeting.
“The Company’s stockholders elected the following individuals to the Board for a one-year term expiring at the Company’s annual meeting of stockholders in 2027:”
Earnings Releases
CPI Card Group Inc. reported the quarter ended March 31, 2026 results: revenue $147.1 million, net income $2.1 million, EPS $0.17 diluted earnings per share. Guidance reaffirmed.
“First Quarter Revenue Increased 20% to $147 Million Net Income Decreased 57% to $2 Million due to Non-recurring Integration Costs; Adjusted EBITDA Increased 9% to $23 Million”
Earnings Releases
CPI Card Group Inc. reported the full year ended December 31, 2025 results: revenue $543.5 million, net income $15.0 million. Guidance initiated.
“For the full year, revenue increased 13% to $543.5 million, driven by Arroweye, contactless cards, and instant issuance solutions. Net income was impacted by acquisition and integration costs and decreased 23% to $15.0 million, while Adjusted EBITDA increased 5% to $96.5 million.”
Earnings Releases
CPI Card Group Inc. reported the quarter ended December 31, 2025 results: revenue $153.1 million, net income $7.4 million. Guidance initiated.
“CPI’s fourth quarter revenue increased 22% to $153.1 million, driven by the addition of Arroweye and increased sales of contactless cards. Net income in the quarter increased 9% to $7.4 million and Adjusted EBITDA increased 34% to $29.4 million.”
Material Agreements
CPI Card Group Inc. entered into Director Nomination Agreement with Tricor PMT25 Holdings Inc. (the "Tricor Family Office") (effective 2025-12-04).
“In connection with the Share Transfer, the Company entered into a director nomination agreement (the “Director Nomination Agreement”) with the Tricor Family Office.”
Debt Financings
CPI Card Group Inc. amended revolving credit of $100 million with JPMorgan Chase Bank, N.A..
“The Amendment, among other things, increases the available borrowing capacity under the ABL Revolver to $100 million from $75 million.”
Governance Changes
CPI Card Group Inc.: Adopted Fourth Amended and Restated Bylaws to align with Delaware law, update meeting procedures, clarify stockholder nomination and proposal requirements, address Universal Proxy Rules, require director nominee interviews, and make administrative updates (effective 2024-12-10).
“On December 10, 2024, in connection with a periodic review of the Third Amended and Restated Bylaws of CPI Card Group Inc. (the “Company”), the Board of Directors adopted and approved the Company’s Fourth Amended and Restated Bylaws (the “Fourth A&R Bylaws”), effective immediately.”
Earnings Releases
CPI Card Group Inc. reported first quarter ended March 31, 2024 results: revenue $111.9 million, net income $5.5 million, EPS $0.46 diluted earnings per share.
“Release is attached hereto as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- CPI Card Group Inc. Reports First Quarter 2024 Results Date: May 7, 2024 Net Sales Decreased 7% to $112 Million; Net Income Decreased 50% to $5 Million; Adjusted EBITDA Decreased 8% to $23 Million Net Sales, Net Income, and Adjusted EBITDA Increased from Fourth Quarter Levels Company”
Earnings Releases
CPI Card Group Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $102.9 million, net income $2.7 million, EPS $0.23 diluted earnings per share. Guidance initiated.
“were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels. Net sales decreased 19% to $102.9 million in the quarter; net income decreased 78% to $2.7 million, reflecting the impact of the sales decline and an executive retention accrual; and Adjusted EBITDA decreased 27% to”
Scott Scheirman resigned as Director at CPI Card Group Inc..
“Mr. Scheirman will resign and step down from the Board, effective January 25, 2024.”
Scott Scheirman resigned as President and Chief Executive Officer at CPI Card Group Inc..
“Mr. Scheirman will end his service as President and Chief Executive Officer on January 25, 2024”
John Lowe was appointed as Director at CPI Card Group Inc..
“the Board appointed Mr. Lowe to serve on the Board, effective January 25, 2024.”
John Lowe was appointed as President and Chief Executive Officer at CPI Card Group Inc..
“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.”
Earnings Releases
CPI Card Group Inc. reported first nine months ended September 30, 2023 results: revenue Net sales decreased 2% year-over-year to $341.7 million, net income net income decreased 12% to $21.3 million, EPS $1.79 diluted earnings per share.
“Third Quarter Net Sales Decreased 15% to $106 Million; Net Income Decreased 68% to $4 Million; Adjusted EBITDA Decreased 25% to $21 Million First Nine Months Net Sales Decreased 2%; Net Income Decreased 12%; Adjusted EBITDA Decreased 1% Company Updates 2023 Outlook; Announces $20 Million Share Repurchase Authorization Littleton, CO . November 7, 2023 --”
Earnings Releases
CPI Card Group Inc. reported third quarter ended September 30, 2023 results: revenue $105.9 million, net income decreasing 68% to $3.9 million, EPS $0.33 diluted earnings per share.
“CPI Card Group Inc. Reports Third Quarter 2023 Results Date: November 7, 2023 Third Quarter Net Sales Decreased 15% to $106 Million; Net Income Decreased 68% to $4 Million; Adjusted EBITDA Decreased 25% to $21 Million”
Ravi Mallela was appointed as Director at CPI Card Group Inc..
“On November 1, 2023, the Board of Directors (the “Board”) of the Company appointed Ravi Mallela to serve on the Board of Directors effective November 15, 2023 to fill the current vacancy on the Board.”
Earnings Releases
CPI Card Group Inc. updated its Full year 2023 guidance (lowered).
“The Company updated its full-year net sales outlook for 2023 to a range of flat to low single-digit growth and affirmed its outlook for mid-to-high single-digit Adjusted EBITDA growth, as well as its projections for Free Cash Flow to more than double and the year-end Net Leverage Ratio to improve to between 2.5x and 3.0x. The previous outlook for net sales was mid-single digit growth.”
Earnings Releases
CPI Card Group Inc. reported First half 2023 results: revenue $235.8 million, net income $17.4 million, EPS $1.46 diluted earnings per share.
“a higher effective tax rate compared to prior year, partially offset by lower interest expense. First Half 2023 Financial Highlights Net sales increased 5% year-over-year to $235.8 million in the first half of 2023. ● Debit and Credit segment net sales increased 5% to $195.2 million, driven by higher sales of contactless cards, services related to personalization”
Earnings Releases
CPI Card Group Inc. reported Second quarter ended June 30, 2023 results: revenue $115 million, net income $6.5 million, EPS $0.55 diluted earnings per share.
“Second quarter net sales increased 1% to $115 million, as strong growth from the Prepaid Debit segment was largely offset by a slight decline in the Debit and Credit segment.”
Scott Scheirman departed as President and Chief Executive Officer at CPI Card Group Inc..
“On May 31, 2023, Scott Scheirman, the Company’s President and Chief Executive Officer, notified the Company of his intent to retire from the Company in order to have more time for family.”
Governance Changes
CPI Card Group Inc.: Amendment to Certificate of Incorporation to limit liability of certain officers as permitted by Delaware law (effective 2023-05-24).
“As described under Item 5.07 of this report, on May 24, 2023, at the Annual Meeting of Stockholders (“Annual Meeting”) of CPI Card Group, Inc. (the “Company”), the Company's stockholders approved an amendment (“Amendment”) to the Company's Fourth Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”) to reflect new Delaware law provisions regarding officer exculpation.”
Shareholder Votes
CPI Card Group Inc. shareholders approved Amendment to Certificate of Incorporation to limit liability of certain officers as permitted by Delaware law at the 2023-05-24 meeting.
“The Company’s stockholders voted to approve an amendment of the Company’s Certificate of Incorporation to limit the liability of certain officers of the Company as permitted by amendments to Delaware law, by the following votes:”
Shareholder Votes
CPI Card Group Inc. shareholders approved Stockholder advisory vote to approve named executive officer compensation at the 2023-05-24 meeting.
“The Company’s stockholders voted to approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Proxy Statement, by the following votes:”
Shareholder Votes
CPI Card Group Inc. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for year ending December 31, 2023 at the 2023-05-24 meeting.
“The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 by the following votes:”
Shareholder Votes
CPI Card Group Inc. shareholders approved Election of Directors for a one-year term expiring at the annual meeting in 2024 at the 2023-05-24 meeting.
“The Company’s stockholders elected the following individuals to the Board for a one-year term expiring at the Company’s annual meeting of stockholders in 2024:”
Earnings Releases
CPI Card Group Inc. reported first quarter ended March 31, 2023 results: revenue $120.9 million, net income $10.9 million, EPS $0.91 diluted earnings per share. Guidance reaffirmed.
“CPI Card Group Inc. Reports First Quarter 2023 Results Date: May 9, 2023 Net Sales Increased 8% to $121 Million; Net Income Increased 81% to $11 Million; Adjusted EBITDA Increased 11% to $25 Million”
Robert Pearce resigned as Director at CPI Card Group Inc..
“On March 22, 2023, Robert Pearce submitted his resignation from the Board of Directors (the “Board”) of CPI Card Group Inc. (the “Company”) to the Chair of the Board, effective as of that date.”
Earnings Releases
CPI Card Group Inc. updated its fourth quarter and full year ended December 31, 2022 guidance (initiated).
“On March 8, 2023, CPI Card Group Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended December 31, 2022 (the “Earnings Release”).”
Amintore Schenkel departed as Chief Financial Officer at CPI Card Group Inc..
“On March 7, 2023, Amintore Schenkel informed the Company that he will be resigning from his position as Chief Financial Officer of the Company due to family-related reasons.”
Earnings Releases
CPI Card Group Inc. reported fiscal quarter ended September 30, 2022 results: revenue $124.6 million, net income $11.9 million, EPS $1.01 diluted earnings per share. Guidance raised.
“is attached hereto as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- CPI Card Group Inc. Reports Third Quarter 2022 Results Date: November 3, 2022 Net Sales Increased 25% to $125 Million; Net Income Increased 80% to $12 Million; Adjusted EBITDA Increased 32% to $28 Million Strong Sales Growth Across Portfolio and Improved Margins Drove Third Quarter Results”
Donna Abbey was appointed as Controller and Chief Accounting Officer at CPI Card Group Inc..
“On March 30, 2022, the Board of Directors of CPI Card Group Inc. (“CPI” or the “Company”) appointed Donna Abbey as the Company’s Controller and Chief Accounting Officer (“CAO”), effective March 31, 2022.”
Kevin O'Brien departed as Chief Accounting Officer at CPI Card Group Inc..
“On January 17, 2022, Kevin O’Brien informed the Company that he will be resigning from his position as Chief Accounting Officer of the Company.”
Amintore Schenkel was appointed as Chief Financial Officer at CPI Card Group Inc..
“the appointment of Amintore Schenkel to succeed Mr. Lowe as CFO.”
John Lowe changed role as Senior Vice President and General Manager of Secure Card at CPI Card Group Inc..
“the transition of the Company’s Chief Financial Officer (“CFO”), John Lowe, from his position as CFO to the Company’s Senior Vice President and General Manager of Secure Card (“Secure Card GM”)”
Guy DiMaggio departed as Senior Vice President and General Manager, Secure Card at CPI Card Group Inc..
“On August 4, 2021, CPI Card Group Inc. (the “Company”) announced that Guy DiMaggio ceased serving as Senior Vice President and General Manager, Secure Card, effective as of August 5, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.