Bradley Seaman to Resign and Step Down from the Board of Directors and as Its Chairman of CPI Card Group Inc., Effective June 15, 2023
June 05, 2023 at 08:30 am EDT
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On June 2, 2023, Bradley Seaman notified CPI Card Group Inc. of his intent to resign and step down from the Board of Directors and as its chairman, effective as of June 15, 2023. Mr. Seaman has been the Chair of the Board and member of the Board since 2007. Mr. Seaman's decision to resign was not due to any disagreements with the Company on any matter relating to the Company's operations, policies or
practices.
CPI Card Group Inc. is a payments technology company and provider of comprehensive financial payment card solutions in the United States. The Companyâs segments include Debit and Credit, Prepaid Debit and Other. The Debit and Credit segment produces financial payment cards and provides integrated card services, including digital services, for card-issuing financial institutions and fintechs primarily in the United States. Products produced by this segment include EMV and non-EMV Financial Payment Cards, including contact and contactless (dual interface) cards and plastic and encased metal cards, and Second Wave payment cards featuring a core made with ROBP, and other private label credit cards that are not issued on the networks of the Payment Cards Brands. The Prepaid Debit segment primarily provides integrated prepaid card services to Prepaid Debit Card providers in the United States, including tamper-evident security packaging. This segment also produces financial payment cards.