Business Context and Reporting Period
This Form 8-K Current Report was filed by Piper Jaffray Companies on August 30, 2006. The report addresses corporate governance changes effective as of the filing date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and board composition changes.
Material Changes
Effective August 30, 2006, Richard A. Zona resigned from the Board of Directors for personal reasons. Consequently, the Board approved changes to the membership of its three standing committees:
- Audit Committee: Frank L. Sims (Chair), B. Kristine Johnson, Samuel L. Kaplan.
- Compensation Committee: Michael R. Francis (Chair), Frank L. Sims, Jean M. Taylor.
- Nominating and Governance Committee: Samuel L. Kaplan (Chair), Michael R. Francis, Jean M. Taylor.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Richard A. Zona's resignation from the Board of Directors.
- The specific new composition of the Audit, Compensation, and Nominating and Governance committees.
- The effective date of these changes (August 30, 2006).