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 August 9, 2017, the Compensation Committee (the “Committee”) of the Board of Directors of Piper Jaffray Companies (the “Company”) approved the discontinuance of future deferral elections by participants under the Piper Jaffray Companies Deferred Compensation Plan (the “Plan”), in accordance with the terms and conditions of the Plan, effective as of December 31, 2017. The Committee further authorized the Company to make all applicable payments to existing Plan participants and beneficiaries in the manner and at the time as further described in the Plan.
About PIPER JAFFRAY COMPANIES (NYSE:PJC)
Piper Jaffray Companies is an investment bank and asset management company, which serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company provides products and services, including equity and debt capital markets products, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research, and asset management services. Its segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products. The Capital Markets segment also includes the alternative asset management funds and its principal investments. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds or partnerships that it manages.