CPI Card Group Inc. appointed Brennan Hughes as Chief Accounting Officer effective August 24, 2026, succeeding Donna Abbey Carmignani who departed on August 20, 2026. The company disclosed Hughes' compensation package, including a $350,000 annual base salary, $200,000 target short-term incentive, and $200,000 target long-term incentive. Additionally, the board approved a one-time restricted stock unit award valued at $100,000 and a cash sign-on bonus of $150,000 for Hughes. Carmignani is eligible for severance under existing executive guidelines. CPI Card Group Inc. operates in the payments technology industry, providing physical and digital payment solutions to financial institutions and fintechs.

CPI Card Group Inc. reported second quarter fiscal 2026 results ending June 30, 2026, with revenue increasing 15% to $149.2 million and net income rising 294% to $2.0 million. Adjusted EBITDA grew 7% to $24.1 million, while the company generated a record first-half free cash flow of $36.1 million. Management raised its full-year revenue growth guidance to high-single-digit or low-double-digit and increased free cash flow expectations to $45–$50 million. The firm also acquired TRISM to double its addressable market in U.S. instant issuance solutions and redeemed $26.5 million of Senior Notes in July to reduce leverage, which fell to 2.7x.

CPI Card Group Inc. 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 on July 15, 2026. The redemption is being made at a redemption price of 103.000% of par plus accrued and unpaid interest. CPI Card Group Inc. provides payment technology solutions and payment card manufacturing services.

CPI Card Group Inc. appointed Terra Grantham as Chief Financial Officer, effective June 29, 2026. Ms. Grantham, who has been serving as Interim CFO, appointed to the permanent position, will receive an annual base salary of $450,000, a target annual short-term incentive of $275,000, and a target annual long-term incentive of $400,000. She also received a one-time restricted stock unit award valued at $300,000. CPI Card Group Inc. operates in the payment technology and card manufacturing industry.