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

On September 8, 2012, the Board of Directors of Checkpoint Systems, Inc. ("Checkpoint" or the "Company") appointed Stephen N. David to serve on the Board to fill a vacancy created by the recent resignation of Robert Wildrick. Mr. David will serve as a Class I director, with his initial term expiring at the Company's 2013 annual meeting of shareholders.

There were no arrangements or undertakings between Mr. David and any other persons pursuant to which he was selected as a director. There have been no transactions, nor are there any currently proposed transactions, to which the Company was or is to be a party and with which Mr. David or any member of his immediate family had, or will have, a direct or indirect material interest. The Board has determined that Mr. David meets the applicable independence requirements of the New York Stock Exchange and has not appointed him to any committees at this time.

Concurrently with his election to the Board, Mr. David was granted an option to purchase 10,000 shares of common stock at an exercise price of $8.0150 under the Company's Amended and Restated 2004 Omnibus Incentive Compensation Plan.

In connection with his appointment, Mr. David will receive the standard annual compensation for independent directors of $30,000. In addition, Mr. David will also be entitled to receive an annual equity grant of 7,000 restricted stock units. The non-employee director compensation program is described in further detail in the Company's Definitive Proxy Statement for its 2012 annual meeting of shareholders filed with the Securities and Exchange Commission on April 23, 2012.

The Company issued a press release on September 13, 2012 announcing the appointment of Mr. David to the Board of Directors. A copy of the press release is attached hereto as Exhibit 99.1.

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