Piper Sandler Adds Director Wendy L. Schoppert to Audit Committee

What Happened
Piper Sandler Companies (PIPR) announced on September 22, 2026 that its Board of Directors elected Wendy L. Schoppert as a director, effective that same date. Her appointment increases the Board from 10 to 11 directors and she has been named to the Board’s Audit Committee. The company issued a press release the same day to announce the appointment.

Key Details

• Election effective: September 22, 2026; initial term expires at the 2027 annual meeting.
• Board size: increased from 10 to 11 directors.
• Committee assignment: appointed to the Audit Committee.
• Background: Ms. Schoppert was EVP & CFO of Sleep Number Corporation (2011–2014); previously SVP & CIO (2008–2011) and SVP & GM, International & New Channel Development (2005–2008). She currently serves on the boards of DaVita, Inc. and Fossil Group, Inc.
• Compensation: under the company’s 2026 non-employee director program — pro‑rated $100,000 cash retainer, a $60,000 initial equity grant, and a pro‑rated $150,000 annual equity grant for the remainder of fiscal 2026.
• Related-party note: the filing states there are no arrangements or understandings related to her selection and no related‑person transactions between Ms. Schoppert and the company.

Why It Matters
This filing updates shareholders on a governance change: an experienced finance executive with prior CFO and senior operating roles has joined Piper Sandler’s Board and Audit Committee, and the Board size has grown to 11 members. Investors may view the appointment as a strengthening of financial oversight given her CFO background; the filing also discloses the specific compensation she will receive as a non‑employee director.