Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On January 25, 2021, Jorg Schneewind notified CPI Card Group Inc. (the "Company") of his decision to resign as a member of the Company's board of directors, effective immediately. Mr. Schneewind has accepted a senior leadership position with one of the Company's suppliers, and he decided to resign as a member of the Company's board of directors to avoid any potential conflict of interest. Mr. Schneewind's decision was not based on any disagreement with the Company or its management.


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