Business Context and Reporting Period
Company: Piper Jaffray Companies
Filing Type: Form 8-K (Current Report)
Date of Report: November 11, 2008
Subject: Temporary Suspension of Trading Under Registrant's Employee Benefit Plans (Item 5.04)
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The Company announced a rescheduled transition of its Retirement Plan third-party administrator from Milliman to Wells Fargo Retirement Plan Solutions. The transition, originally scheduled for October 1, 2008, was postponed due to market volatility and is now set to become effective on December 1, 2008.
Guidance, Outlook, and Management Commentary
- Blackout Period: A trading blackout period has been imposed for directors and executive officers regarding Company equity securities, and for employees regarding Plan investment changes, loans, or distributions.
- Dates: The blackout period begins on November 20, 2008, and is expected to end no later than December 19, 2008.
- Contact: Inquiries regarding the blackout period should be directed to Anne Johnson, Head of Human Resources.
Investor Verification Checklist
- Confirm the effective date of the administrator transition (December 1, 2008).
- Verify the specific blackout dates (November 20, 2008 to December 19, 2008) for trading restrictions.
- Note that the filing cites "market volatility" as the reason for the initial postponement of the transition.