8-K

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

March 18, 2021

Date of report (Date of earliest event reported)

PIPER SANDLER COMPANIES

(Exact Name of Registrant as Specified in its Charter)

Delaware	1-31720	30-0168701
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

800 Nicollet Mall Suite 1000 Minneapolis Minnesota	55402
(Address of Principal Executive Offices)	(Zip Code)

(612) 303-6000

(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 (see General Instruction A.2):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange On Which Registered
Common Stock, par value $0.01 per share	PIPR	The New York Stock Exchange

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. ¨

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

Effective March 18, 2021 (the “Effective Date”), as part of a planned transition, R. Scott LaRue has stepped down from his role as Global Co-Head of Investment Banking and Capital Markets of Piper Sandler Companies (the “Company”). Mr. LaRue was a named executive officer in the Company’s definitive proxy statement for its 2020 annual meeting of shareholders. Mr. LaRue will remain with the Company as Vice Chairman of Investment Banking. The Company has named Michael Dillahunt as Mr. LaRue’s successor as Global Co-Head of Investment Banking and Capital Markets commencing on the Effective Date.

Item 7.01. Regulation FD Disclosure.

On March 18, 2021, the Company issued a press release announcing Mr. LaRue’s transition to Vice Chairman of Investment Banking and Mr. Dillahunt’s appointment as Global Co-Head of Investment Banking and Capital Markets, the text of which is furnished as Exhibit 99 hereto. The information contained in this Item 7.01 and Exhibit 99 is being furnished, and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under Section 18 of the Exchange Act. Furthermore, the information contained in this Item 7.01 and Exhibit 99 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.

(d) Exhibits.

99 Press Release dated March 18, 2021

104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)

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.

	PIPER SANDLER COMPANIES
Date:  March 18, 2021	By:	/s/ John W. Geelan
		John W. Geelan
		General Counsel and Secretary

EX-99

Exhibit 99

Piper Sandler Companies
800 Nicollet Mall, Suite 900
Minneapolis, MN 55402   CONTACT Pamela Steensland
Tel: 612 303-8185
pamela.steensland@psc.com

F O R I M M E D I A T E R E L E A S E

Mike Dillahunt Named Global Co-Head of Piper Sandler
Investment Banking and Capital Markets

Dillahunt will partner with James Baker to lead the group

MINNEAPOLIS – March 18, 2021 – Piper Sandler Companies (NYSE: PIPR), a leading investment bank, has named Mike Dillahunt global co-head of investment banking and capital markets, effective immediately. Scott LaRue is transitioning to the role of vice chairman of investment banking after over a decade of serving as global co-head of investment banking and capital markets. Dillahunt will co-lead the group alongside James Baker who has served as global co-head of investment banking and capital markets since 2018.

“Mike is an exceptional banker, as well as a growth-oriented team builder and culture carrier for the firm. We are confident that Mike and James will successfully lead our investment banking business to accomplish its many near and long term goals including growing revenue to $1B+ in the coming years,” said Chad Abraham, chairman and chief executive officer.

Dillahunt joined Piper Sandler in 1998, and served as head of the Diversified Industrials & Services (DIS) group from 2011 to 2020. Following the acquisition of Edgeview Partners in 2013, he co-headed DIS and led the expansion of the group’s sector coverage and the growth of its private equity advisory business. Since 2020, Dillahunt has served as chairman of M&A and private equity coverage and has held the title of vice chairman of investment banking.

“I am looking forward to leading the group with Mike as we continue to grow Piper Sandler’s investment banking business. He is a demonstrated leader that understands our strategic priorities and the culture of the firm,” said Baker.

 

Dillahunt began his career as an M&A and corporate attorney with Milbank LLP working in both New York and London. He earned his undergraduate degree magna cum laude from the University of Wisconsin.

He graduated Order of the Coif from the University of Wisconsin Law School where he received the Daniel B. Grady Award, which is awarded to the highest-ranking student in the graduating class.

ABOUT PIPER SANDLER

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.

Follow Piper Sandler: LinkedIn | Facebook | Twitter

©2021. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036

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Cover [Abstract]
Document Type	8-K
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Document Period End Date	Mar. 18, 2021
Entity File Number	1-31720
Entity Registrant Name	PIPER SANDLER COMPANIES
Entity Central Index Key	0001230245
Entity Tax Identification Number	30-0168701
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	800 Nicollet Mall
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55402
City Area Code	612
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Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	PIPR
Security Exchange Name	NYSE
Entity Emerging Growth Company	false