CPI Card Group Announces Results of Annual Meeting of Stockholders
May 31 2018 - 4:10PM
Business Wire
CPI Card Group Inc. (Nasdaq: PMTS; TSX: PMTS) (“CPI Card Group”
or the “Company”), a global leader in financial and EMV® chip card
production and related services, announced that at its annual
meeting of stockholders, held in Littleton, Colorado today, its
stockholders re-elected seven directors to serve for a one-year
term: Douglas Pearce, Robert Pearce, Nicholas Peters, David
Rowntree, Scott Scheirman, Bradley Seaman, and Silvio Tavares.
Stockholders also voted to elect Valerie Soranno Keating as a new
independent director to fill the vacancy created by Diane Fulton’s
previously announced retirement from the Company’s Board of
Directors.
Valerie Soranno Keating brings to the board of CPI Card Group
over 25 years of experience in the payments industry. From November
2009 through May 2015, Ms. Soranno Keating was the CEO of
Barclaycard, the global payments division of Barclays PLC. Before
joining Barclays, Ms. Soranno Keating held a variety of executive
positions at American Express from May 1993 through May 2009. Most
recently, Ms. Soranno Keating has been a senior advisor to a number
of private equity firms in the U.S. and Europe. Ms. Soranno Keating
holds a Bachelor of Science Degree in Business Administration from
Lehigh University.
“We are pleased to welcome Valerie to CPI’s Board of Directors,”
said Bradley Seaman, Chairman of the CPI Card Group Board of
Directors. “Valerie brings a wealth of executive leadership and
operational experience across a broad spectrum of payments-related
businesses, which will be a great asset to CPI as we continue to
execute our strategy to be the partner of choice by providing
market-leading quality products and customer service with a
market-competitive business model.”
Mr. Seaman continued, “On behalf of the entire Board, I would
also like to thank Diane Fulton for her dedicated service to the
Company. We wish Diane the very best.”
In addition to the Board of Directors elections, CPI
stockholders ratified the retention of KPMG LLP as its independent
registered public accounting firm for 2018.
During the meeting Scott Scheirman, CPI President and Chief
Executive Officer, provided an overview of the Company's strategies
and its results for 2017. Detailed voting results of CPI’s annual
meeting of stockholders can be found in an 8-K filed today with the
Securities Exchange Commission, which is located on CPI’s investor
relations website https://investor.cpicardgroup.com or on the SEC
website.
About CPI Card Group
CPI Card Group is a leading provider in payment card production
and related services, offering a single source for credit, debit
and prepaid debit cards, including EMV® chip, personalization,
instant issuance, fulfillment and mobile payment services. With
more than 20 years of experience in the payments market and as a
trusted partner to financial institutions, CPI’s solid reputation
of product consistency, quality and outstanding customer service
supports our position as a leader in the market. Serving our
customers from locations throughout the United States, Canada and
the United Kingdom, we have a leading network of high security
facilities in the United States and Canada, each of which is
certified by one or more of the payment brands: Visa, MasterCard,
American Express, Discover and Interac in Canada. Learn more at
www.cpicardgroup.com.
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.
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CPI Card Group Inc. Investor RelationsWilliam Maina, (877)
369-9016InvestorRelations@cpicardgroup.comorCPI Card Group Inc.
Media RelationsMedia@cpicardgroup.com