CPI Card Group Inc. filings document formal disclosures for a payments technology company serving U.S. card issuers, processors, fintechs and prepaid program managers. Form 8-K reports furnish quarterly and annual earnings releases, Regulation FD presentations, segment realignment information and updates tied to the company's payment card, instant issuance, digital solutions and prepaid activities.
The filing record also includes governance and capital-structure matters. The definitive proxy statement covers board matters, executive compensation, equity awards and shareholder voting items, while material-event filings describe executive transitions, amendments to the company's asset-based revolving credit facility, senior secured note redemptions and related debt obligations.
CPI Card Group Inc. Controller and Chief Accounting Officer Donna Abbey Carmignani reported an open-market sale of Common Stock. On May 11, 2026, she sold 4,870 shares at an average price of $15.32 per share. Following this transaction, she directly holds 5,478 shares of CPI Card Group common stock.
CPI Card Group Inc. reported first-quarter 2026 revenue of $147.1 million, up 19.8% from $122.8 million a year earlier, driven mainly by Secure Card Solutions, including contributions from the Arroweye acquisition and higher volumes of contactless and metal cards.
Despite this growth, net income fell to $2.1 million from $4.8 million, and diluted EPS declined to $0.17 from $0.40 as gross margin compressed to 30.0% and selling, general and administrative expenses increased, including integration and compensation costs. Operating cash flow improved to $13.6 million, and the company ended the quarter with $19.3 million in cash and long-term debt of $276.9 million.
CPI Card Group Inc. reported first quarter 2026 results with strong top-line growth but lower profitability. Revenue rose 20% to $147.1 million, driven by the Arroweye acquisition and higher sales of contactless cards and personalization services. Net income declined 57% to $2.1 million, or $0.17 diluted EPS, mainly due to $3.0 million of Arroweye integration costs. Adjusted EBITDA increased 9% to $23.2 million, and Adjusted EBITDA margin was 15.7%. Free Cash Flow improved sharply to $10.1 million from $0.3 million, supported by stronger working capital management and lower capital spending. As of March 31, 2026, CPI held $19.3 million of cash, total debt of $311.3 million, and reported a Net Leverage Ratio of 3.0x. The company affirmed its 2026 outlook, calling for high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth.
CPI Card Group Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on May 21, 2026. Holders of 11,458,988 shares of common stock as of March 24, 2026 can participate and each share has one vote.
Stockholders will be asked to elect eight directors for one-year terms, ratify KPMG LLP as independent registered public accounting firm for 2026, and approve on an advisory basis the 2025 compensation of named executive officers. The board recommends voting in favor of all director nominees and the two additional proposals.
The proxy describes CPI’s governance practices, board structure, risk oversight, director pay, ownership of major stockholders, and a pay program that ties executive bonuses and long-term incentives to adjusted EBITDA, net sales, relative total shareholder return and cumulative free cash flow performance.
CPI Card Group Inc. director and non-executive chairman Riley H. Sanford reported equity compensation activity involving restricted stock units and common shares. On March 31, 2026, Sanford received a grant of 2,164 restricted stock units (RSUs), each representing one share of common stock, which vest on the first anniversary of the award date, subject to continued service or the award terms.
On the same date, 1,072 deferred RSUs that were originally awarded on March 31, 2025 vested after 12 months and were exercised into 1,072 shares of common stock. Following these transactions, Sanford directly holds 253,438 shares of CPI Card Group common stock. These entries reflect routine equity compensation grants and vesting, not open-market purchases or sales.
CPI Card Group Inc. director Marc Sheinbaum reported equity compensation activity involving restricted stock units (RSUs) and common shares. On March 31, 2026, he received a grant of 2,164 RSUs, each representing one share of common stock, which vest on the first anniversary of the award date, subject to continued service or the award agreement terms.
He also exercised 1,072 previously awarded deferred RSUs from the March 31, 2025 grant, which had vested after 12 months. These RSUs converted into 1,072 shares of common stock at no exercise price, bringing his directly held common stock position to 18,508 shares after the transactions.
CPI Card Group Inc. Chief Technology Officer Ernesto Boada reported compensation-related equity activity. He received a grant of 3,635 restricted stock units, each representing one common share, scheduled to vest in three substantially equal installments on March 31, 2027, 2028, and 2029, subject to continued service.
Boada was also granted 13,350 shares of phantom stock, economically equivalent to common stock and scheduled to vest shortly after December 31, 2028, settling in cash based on average closing price and performance metrics. In addition, 577 RSUs granted earlier vested and were converted into 577 common shares, with 166 of those shares withheld at $14.51 per share to cover mandatory tax obligations, leaving him with 4,161 common shares held directly.
CPI Card Group Inc. Chief Digital Officer Robert Michael Dixon reported routine equity compensation and a small related tax withholding. He received a grant of 2,596 restricted stock units, each representing one common share upon vesting. He also received 9,535 shares of phantom stock, economically equivalent to common stock and scheduled to vest and settle in cash after December 31, 2028, based on average share price and performance metrics.
Dixon exercised 288 previously awarded RSUs into 288 shares of common stock. Of these, 87 shares valued at $14.51 per share were withheld by the company to satisfy mandatory tax obligations, which is not an open-market sale. Following these transactions, he directly holds 7,918 shares of common stock.
CPI Card Group Inc.’s Chief Legal/Compliance Officer Darren Dragovich received new equity-based compensation and had prior awards vest. He was granted 2,594 restricted stock units, each representing one future common share, vesting in three equal installments on March 31, 2027, 2028, and 2029, subject to continued service.
He also received 9,527 phantom stock units, each economically equivalent to one common share, scheduled to vest shortly after December 31, 2028 and settle in cash based on average closing prices and performance metrics. In addition, 433 RSUs from a 2025 award vested and converted into 433 common shares, and 125 shares were withheld at $14.51 per share to satisfy mandatory tax withholding, leaving him with 3,119 common shares held directly. The tax withholding is not an open‑market sale.