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[8-K] CPI Card Group Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

CPI Card Group Inc. plans to redeem $26.5 million of its outstanding $265.0 million 10.000% senior secured notes due 2029. The notes are scheduled to be redeemed on July 15, 2026 at a redemption price of 103.000% of par plus accrued and unpaid interest, in line with the indenture governing these notes.

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Insights

CPI trims high-cost 10% debt by $26.5M under note terms.

CPI Card Group Inc. is redeeming $26.5M of its 10.000% senior secured notes due 2029, out of a total $265.0M aggregate principal amount. The transaction follows the redemption mechanics set out in the indenture.

The company will pay a redemption price of 103.000% of par plus accrued and unpaid interest to the redemption date on July 15, 2026. This partially reduces outstanding high-coupon debt, though the broader balance sheet impact depends on how the redemption is funded and subsequent financing choices.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Notes redeemed $26.5 million Principal amount to be redeemed on July 15, 2026
Total notes outstanding $265.0 million Aggregate principal amount of 10.000% senior secured notes due 2029
Coupon rate 10.000% Interest rate on senior secured notes due 2029
Redemption price 103.000% of par Price for redeemed principal, plus accrued and unpaid interest
Redemption date July 15, 2026 Scheduled date for partial note redemption
senior secured notes financial
"outstanding $265.0 million aggregate principal amount of 10.000% senior secured notes due 2029"
Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.
aggregate principal amount financial
"outstanding $265.0 million aggregate principal amount of 10.000% senior secured notes"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
indenture financial
"The redemption is being made pursuant to the terms of the indenture governing the terms of the Senior Notes"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
redemption price financial
"at a redemption price of 103.000% of par plus accrued and unpaid interest"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
accrued and unpaid interest financial
"103.000% of par plus accrued and unpaid interest to the date of redemption"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
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Understanding 8-K Material Events →
0001641614False00016416142026-07-022026-07-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2026
CPI CARD GROUP INC.
(Exact name of registrant as specified in its charter)
Delaware
001-37584
26-0344657
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
CPI Card Group Inc.

10368 W. Centennial Road
Littleton,
CO80127
(Address of principal executive offices)
(Zip Code)
(720) 681-6304
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par valuePMTSNasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 8.01 Other Events.
On July 2, 2026, the Company issued a notice of redemption to redeem $26.5 million of its outstanding $265.0 million aggregate principal amount of 10.000% senior secured notes due 2029 (the “Senior Notes”), to be redeemed on July 15, 2026. The redemption is being made pursuant to the terms of the indenture governing the terms of the Senior Notes, at a redemption price of 103.000% of par plus accrued and unpaid interest to the date of redemption.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CPI CARD GROUP INC.
Dated: July 6, 2026By:/s/ Darren Dragovich
Name:Darren Dragovich
Title:Chief Legal and Compliance Officer


Source: View Original Filing on SEC EDGAR

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