PIPER JAFFRAY COMPANIES (NYSE:PJC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December27, 2017, Piper Jaffray Companies (the “Company”) announced that, upon recommendation of the Nominating and Governance Committee of the Board of Directors (the “Board”) of the Company, Chad R. Abraham was appointed as a member of the Board for an initial term beginning on January1, 2018 (the “Effective Date”) and expiring at the Company’s 2018 annual meeting of shareholders. In connection with Mr.Abraham’s appointment, the Board increased the size of the Board by one, to ten directors. As previously announced, Mr.Abraham will also assume the role of Chief Executive Officer of the Company on the Effective Date.
There are no arrangements or understandings between Mr.Abraham and any other persons to which Mr.Abraham was selected as a director of the Company. There are no relationships or related transactions between Mr.Abraham and the Company that would be required to be reported under Item 404(a)of Regulation S-K. As an employee director, Mr.Abraham will not serve on any committees of the Board and will not receive any additional compensation for his service as a member of the Board.
Item 7.01. Regulation FD Disclosure.
On December27, 2017, the Company issued a press release announcing the event discussed in Item 5.02 above, the text of which is furnished as Exhibit99 hereto. The information contained in this Item 7.01 and Exhibit99 is being furnished, and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under Section18 of the Exchange Act. Furthermore, the information contained in this Item 7.01 and Exhibit99 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
99 Press Release dated December27, 2017.