Business
CPI Card Group Announces Results of Annual Meeting; Welcomes Tom Furey as Director
LITTLETON, Colo.--(BUSINESS WIRE)-- CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider
About this update from Cpi Card Group Inc.
[{"type":"text","content":" LITTLETON, Colo.--(BUSINESS WIRE)--\nCPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, announced that at its annual meeting of stockholders, held virtually yesterday, its stockholders voted to re-elect all six sitting directors to serve for a one-year term: Robert Pearce, Nicholas Peters, Scott Scheirman, Bradley Seaman, Marc Sheinbaum and Valerie Soranno Keating. Stockholders also voted to elect Thomas Furey as a new independent director.\n\nThomas Furey brings to CPI’s board over 25 years of experience in high volume manufacturing, operations and executive leadership. Mr. Furey currently serves as the Chairman and Chief Executive Officer of Sagetech Avionics, Inc. (“Sagetech”), a privately held aerospace electronics company. From 2014 to 2015, Mr. Furey served as Vice President of manufacturing and engineering at Unitec, Inc., a point-of-sale payments equipment company, before which he led his own operations consultancy firm from 2012-2013. From 2004 to 2012, Mr. Furey held various executive positions at Standard Register Company. He began his career as a Naval Flight Officer in the U.S. Navy. Mr. Furey holds a Bachelor of Science degree in mathematics from the U.S. Naval Academy, a Master of Science degree in Industrial Engineering from California State University Northridge, as well as a Master of Science degree in Mechanical Engineering and a Master of Business Administration degree from the Massachusetts Institute of Technology.\n\n“We are pleased to welcome Tom to CPI’s Board of Directors,” said Bradley Seaman, Chairman of CPI’s Board of Directors. “Tom’s deep operational experience in manufacturing and strong executive leadership skills will be invaluable to CPI as we pursue our strategic plan to be the partner of choice by providing market-leading quality products and customer service with a market-competitive business model.”\n\nIn addition to the election of directors to CPI’s Board of Directors, CPI stockholders (i) ratified the retention of KPMG LLP as its independent registered public accounting firm for the year ending December 31, 2021, (ii) voted to approve, on an advisory basis, the compensation of the Company’s named executive officers, as described in CPI’s Proxy Statement filed with the Securities ...