UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): February 14, 2018

 

 

CASS INFORMATION SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Missouri		000-20827		43-1265338
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)
12444 Powerscourt Drive, Suite 550 St. Louis, Missouri				63131
(Address of principal executive offices)				(Zip Code)

(314) 506-5500

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act.

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act.

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).    ☐  Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

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Item 8.01.

Other Events.

On February 14, 2018, Cass Information Systems, Inc. (the “Company”) announced that its Board of Directors has appointed James Cavellier to fill the Company’s newly created position of chief information officer (“CIO”). As CIO, Mr. Cavellier will oversee the Company’s global information technology strategy and operations. Mr. Cavellier has over 25 years of experience in information technology planning, development and management, having most recently served as chief information officer for payment and wealth management technologies within Comerica Bank.

A copy of the press release announcing Mr. Cavellier’s appointment is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit Number		Description
99.1		Press release issued by Cass Information Systems, Inc. dated February 14, 2018.

 

2

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 14, 2018

 

 

3

Exhibit 99.1

 

Contact Kenn Entringer at Casey Communications, (314) 721-2828 or kentringer@caseycomm.com

 

NEWS RELEASE		February 14, 2018

James Cavellier is New Chief Information Officer (CIO)

At Cass Information Systems, Inc. (NASDAQ: CASS)

ST. LOUIS – Cass Information Systems, Inc. (NASDAQ: CASS) has selected James Cavellier to fill the newly created position of chief information officer (CIO). Cass is the nation’s leading provider of transportation, energy, telecom and environmental invoice payment and information services.

At Cass, Cavellier will oversee the company’s global information technology strategy and operations.

He has more than 25 years of experience in strategic technology planning and development of critical systems. His background includes streamlining operations, implementing Agile and Lean methodologies and enhancing business partner alignment.

Immediately prior to joining Cass, Cavellier was a domain chief information officer for payment and wealth management technologies within Comerica Bank. Over 16 years at Comerica, he held numerous technology leadership positions ranging from strategic technology planning to operational responsibility for all technology across the U.S.

Previously, he held technology leadership positions with The Auto Club Group, Ernst & Young, LLP and General Motors/Electronic Data Systems.

“The rapid pace of change in today’s world of commerce makes the continuing investment in and growth of our IT function a corporate imperative,” said Eric H. Brunngraber, Cass chairman and chief executive officer. “With more than two decades of experience in leading IT innovation for companies in various lines of business, Mr. Cavellier offers a proven record of performance.”

Cavellier earned a bachelor’s degree in management information systems and a master’s degree in business administration from Oakland University, Rochester Hills, Michigan.

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He served on multiple advisory boards within the university’s School of Business Administration and was a supporter and mentor to such organizations as We Build Character and the Michigan Council of Women in Technology.

END

About Cass Information Systems

Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Disbursing $50 billion annually on behalf of clients, and with total assets of $1.6 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®.

More information is available at www.cassinfo.com.