CPI Card Group Inc. 8-K

What Happened
CPI Card Group Inc. (PMTS) announced on Form 8-K that the Board appointed Terra Grantham as Chief Financial Officer effective June 29, 2026. Ms. Grantham had served as Interim CFO since February 2026 and will continue as the Company’s principal financial officer. The company furnished a press release about the appointment on July 1, 2026.

Key Details

• Appointment date: June 29, 2026; press release furnished July 1, 2026 (Exhibit 99.1).
• Compensation approved by the Compensation Committee: annual base salary $450,000; 2026 target short-term incentive $275,000; target long-term incentive $400,000.
• One-time restricted stock unit award granted June 30, 2026 with grant-date value $300,000, vesting in equal annual installments over three years beginning on the first anniversary, subject to continued service.
• Background: age 55; joined CPI Card Group in 2017; held roles in finance, strategy and treasury (including SVP, Enterprise Strategy and Growth since Oct 2025).

Why It Matters
A named, permanent CFO provides leadership continuity for CPI Card Group’s finance organization after an interim period, which can affect investor confidence in financial oversight and planning. The disclosed compensation and equity award show the company’s incentives for the new CFO and the near-term cash and equity expense implications. The filing also notes there are no family relationships or reportable related-party transactions tied to her appointment.