Piper Sandler adds Wendy Schoppert to board
Piper Sandler Companies (PIPR) reported that its board of directors elected Wendy L. Schoppert as a director, effective September 22, 2026, for an initial term expiring at the 2027 annual meeting of shareholders.
Rhea-AI Filing Summary
Piper Sandler Companies (PIPR) reported that its board of directors elected Wendy L. Schoppert as a director, effective September 22, 2026, for an initial term expiring at the 2027 annual meeting of shareholders. Her election increases the board size from 10 to 11 directors, and she will serve on the Audit Committee.
For her board service, Ms. Schoppert will receive a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant, and a pro-rated $150,000 annual equity grant for the remainder of the fiscal year ending December 31, 2026, under the 2026 non-employee director compensation program. The company states there are no arrangements with other persons regarding her selection and no related person transactions with her as defined in Regulation S-K.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Board size after election: 11 directors
Annual cash retainer (pro-rated): $100,000
Initial equity grant: $60,000
+3 more
6 metrics
Board size after election
11 directors
Board size increased from 10 to 11 following Wendy L. Schoppert’s election effective September 22, 2026
Annual cash retainer (pro-rated)
$100,000
Pro-rated annual cash retainer for Wendy L. Schoppert under the 2026 non-employee director compensation program
Initial equity grant
$60,000
Initial equity grant to Wendy L. Schoppert in connection with her board service
Annual equity grant (pro-rated)
$150,000
Pro-rated annual equity grant for the remainder of fiscal year ending December 31, 2026
Initial board term end
2027 annual meeting
Initial term of Wendy L. Schoppert’s service as a director
Fiscal year end
December 31, 2026
End of fiscal year for which director equity compensation is pro-rated
Key Terms
Regulation FD, non-employee director compensation program, related person transactions, Item 404(a) of Regulation S-K, +1 more
5 terms
Regulation FD regulatory
"The information contained in this Item 7.01 and Exhibit 99 is being furnished"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
non-employee director compensation program financial
"will participate in the Company’s 2026 non-employee director compensation program"
Item 404(a) of Regulation S-K regulatory
"related person transactions (as defined in Item 404(a) of Regulation S-K)"
Inline XBRL technical
"cover page XBRL tags are embedded in the Inline XBRL document"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did Piper Sandler Companies (PIPR) announce on September 22, 2026?
Piper Sandler Companies added Wendy L. Schoppert to its board of directors, effective September 22, 2026, for an initial term expiring at the company’s 2027 annual meeting of shareholders. Her election increased the board size from 10 to 11 directors and includes service on the Audit Committee.
What compensation will Wendy L. Schoppert receive as a Piper Sandler (PIPR) director?
Under the 2026 non-employee director compensation program, Wendy L. Schoppert will receive a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant, and a pro-rated $150,000 annual equity grant for the remainder of the fiscal year ending December 31, 2026.
Will Wendy L. Schoppert serve on any Piper Sandler (PIPR) board committees?
Yes. Wendy L. Schoppert has been appointed to serve on the Audit Committee of the Piper Sandler board of directors, in addition to her role as a director for an initial term running through the 2027 annual meeting of shareholders.
What other public company boards does Wendy L. Schoppert serve on while joining PIPR?
Wendy L. Schoppert currently serves on the boards of DaVita Inc. and Fossil Group, Inc.. The press release also notes her prior board service at Sun Country Airlines Holdings, The ODP Corporation, The Hershey Company, and Big Lots, Inc.
How did Piper Sandler (PIPR) communicate Wendy L. Schoppert’s appointment to investors?
Piper Sandler issued a press release dated September 22, 2026, furnished as Exhibit 99 to the report. The company specifies this information is being furnished under Regulation FD and is not deemed filed or incorporated by reference into its Securities Act or Exchange Act filings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Date of report (Date of earliest event reported)
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| (Exact Name of Registrant as Specified in its Charter) | ||||||||||||||
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| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||||||||||||||
| (Registrant’s Telephone Number, Including Area Code) | |||||||||||||||||||||||
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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 | ||||||
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 as of September 22, 2026, upon the recommendation of the Nominating and Governance Committee of the Board of Directors (the “Board”) of Piper Sandler Companies (the “Company”), the Board elected Wendy L. Schoppert to serve as a director of the Company for an initial term expiring at the Company’s 2027 annual meeting of shareholders. Following Ms. Schoppert’s election to the Board, the size of the Company’s Board increased by one, from 10 to 11 directors. Ms. Schoppert has been appointed to serve on the Audit Committee of the Board.
Ms. Schoppert was executive vice president and chief financial officer of Sleep Number Corporation from 2011 to 2014; senior vice president and chief information officer from 2008 to 2011; and senior vice president and general manager, International and New Channel Development from 2005 to 2008. Ms. Schoppert is also currently a director of DaVita, Inc., and Fossil Group, Inc.
In connection with her service on the Board, Ms. Schoppert will participate in the Company’s 2026 non-employee director compensation program, receiving a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant, and a pro-rated $150,000 annual equity grant for the remainder of the fiscal year ending December 31, 2026.
There are no arrangements or understandings between Ms. Schoppert and any other persons pursuant to which Ms. Schoppert was selected as a director of the Company. Ms. Schoppert has not engaged in any related person transactions (as defined in Item 404(a) of Regulation S-K) with the Company.
Item 7.01. Regulation FD Disclosure.
On September 22, 2026, the Company issued a press release announcing the event discussed in Item 5.02 above, 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 September 22, 2026. | |||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). | |||||||
SIGNATURE
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: September 22, 2026 | By | /s/ John W. Geelan | ||||||
| John W. Geelan | ||||||||
| General Counsel and Secretary | ||||||||
Exhibit 99
Piper Sandler Companies
350 North 5th Street, Suite 1000
Minneapolis, MN 55401
Contact
Kate Clune
Chief Financial Officer
Tel: 212 466-7799
investorrelations@psc.com
FOR IMMEDIATE RELEASE
Piper Sandler Companies Elects Wendy L. Schoppert to
Board of Directors
Board of Directors
MINNEAPOLIS – September 22, 2026 – Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Wendy L. Schoppert to its board of directors.
“Wendy’s deep functional expertise and proven leadership will bring a valued perspective to our Board,” said Chad Abraham, Piper Sandler chairman and chief executive officer. “Her experience as CFO and a director on multiple public company boards, including within the healthcare and consumer sectors, will be important as we continue to grow and drive value creation for our shareholders.”
Schoppert previously served as executive vice president and chief financial officer of Sleep Number Corporation from 2011 to 2014, where she also served as senior vice president and chief information officer from 2008 to 2011, and senior vice president and general manager, international and new channel development from 2005 to 2008. Before joining Sleep Number, Schoppert held senior roles at U.S. Bank after having begun her career in the airline industry with positions at America West Airlines, Northwest Airlines, and American Airlines.
Schoppert currently serves on the board of directors at DaVita Inc. and Fossil Group, Inc. She previously served on the boards of Sun Country Airlines Holdings, Inc., The ODP Corporation (Office Depot/OfficeMax), The Hershey Company, and Big Lots, Inc. Schoppert earned a bachelor’s degree in mathematics and operations research, and an M.B.A., both from Cornell University.
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 the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, a tied agent of AHP Capital Management GmbH, authorized and regulated by BaFin; in the Abu Dhabi Global Market through Piper Sandler MENA Ltd., authorized and regulated by the ADGM Financial Services Regulatory Authority; and in Hong Kong through Piper Sandler Hong Kong Ltd., authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.
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