---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062270"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T20:53:08.413034+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler shareholders approve 1.5M share increase in incentive plan and officer exculpation amendment

## Summary
- Shareholders approved amendment to 2003 Incentive Plan, increasing shares from 9.4M to 10.9M (10,119,677 for, 4,628,423 against).
- Amendment to certificate of incorporation to add officer exculpation under Delaware law approved (13,121,817 for, 1,619,906 against).
- All 10 director nominees elected with votes ranging from 14.1M to 14.6M; broker non-votes of 921,015.
- Advisory say-on-pay passed (14,308,346 for); board will hold future say-on-pay votes annually.
- Ratification of Ernst & Young as auditor for FY2023 approved (15,335,631 for).

## SEC filing metadata
- accession: 0001104659-23-062270
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000110465923062270/0001104659-23-062270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000110465923062270/tm2316172d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062270
- JSON: https://secwatch.observer/filing/0001104659-23-062270.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062270.txt

## Key facts
- Governance Changes
  PIPER SANDLER COMPANIES: Shareholders approved an amendment to the Amended and Restated Certificate of Incorporation to add officer exculpation provisions permitted under new Delaware law (effective 2023-05-18).
  - Change: charter amendment
  - Effective: 2023-05-18
  source text: On May 17, 2023, the Company’s shareholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000110465923062270/0001104659-23-062270-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.