---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-23-000142"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T19:57:52.860272+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler names Kate Clune as next CFO; Tim Carter to retire in Q1 2024

## Summary
- Tim Carter will retire as CFO in Q1 2024 and remain an employee through April 2024 for transition.
- Katherine P. Clune, former Evercore Treasurer and Morgan Stanley finance executive, named successor.
- Clune to join in November 2023 as SVP Finance; base salary $500k, restricted cash $720k, and stock awards totaling $1.55M.

## SEC filing metadata
- accession: 0001230245-23-000142
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000142/0001230245-23-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000142/pipr-20230912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-23-000142
- JSON: https://secwatch.observer/filing/0001230245-23-000142.json
- Plain text: https://secwatch.observer/filing/0001230245-23-000142.txt

## Key facts
- Executive change
  Timothy L. Carter departed as Chief Financial Officer at PIPER SANDLER COMPANIES.
  - Action: retire
  - Role: Chief Financial Officer
  source text: Timothy L. Carter will retire as the Company’s Chief Financial Officer in the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000142/0001230245-23-000142-index.htm
- Executive change
  Katherine P. Clune was appointed as Chief Financial Officer at PIPER SANDLER COMPANIES.
  - Action: selected
  - Role: Chief Financial Officer
  source text: Katherine P. Clune has been selected to serve as the Company’s Chief Financial Officer following Mr. Carter’s retirement as CFO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1230245/000123024523000142/0001230245-23-000142-index.htm

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