On March 7, 2023, CPI Card Group Inc. announced that Amintore Schenkel informed the Company that he will be resigning from his position as Chief Financial Officer of the Company due to family-related reasons. Mr. Schenkel has agreed to remain in his role and assist the Company with the transition of his responsibilities. Mr. Schenkel's decision to resign was not related to any disagreement with the Company on any matter relating to the Company's accounting, strategy, leadership, operations, policies or practices (financial or otherwise).

The Company intends to commence a search for a new Chief Financial Officer immediately.