Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (Mar 19, 2014)
  • 8-K (Mar 17, 2014)
  • 8-K (Mar 7, 2014)
  • 8-K (Feb 5, 2014)
  • 8-K (Jan 29, 2014)
  • 8-K (Nov 6, 2013)

 
Other

Piper Jaffray Companies 8-K 2012

Documents found in this filing:

  1. 8-K
  2. Ex-10.1
  3. Ex-10.1
Form 8-K

 

 

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

May 2, 2012

Date of report (Date of earliest event reported)

 

 

PIPER JAFFRAY COMPANIES

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   1-31720   30-0168701

(State of

Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

800 Nicollet Mall, Suite 800

Minneapolis, Minnesota

  55402
(Address of Principal Executive Offices)   (Zip Code)

(612) 303-6000

(Registrant’s Telephone Number, Including Area Code)

 

 

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))

 

 

 


Item 1.01. Entry into a Material Definitive Agreement.

On May 2, 2012, Piper Jaffray Companies (the “Company”) entered into a Third Amendment to Credit Agreement (the “Amendment”) with SunTrust Bank, as administrative agent (the “Agent”), and the lenders party thereto providing for certain amendments to its Credit Agreement with the Agent and the lenders party thereto dated as of December 29, 2010 (as amended, the “Credit Agreement”).

Among other things, the Amendment amends existing covenants in the Credit Agreement requiring the Company to maintain certain levels of cash and regulatory net capital and requiring the Company’s asset management segment to achieve minimum earnings before interest, taxes, depreciation and amortization, in both cases making such covenants less restrictive. The Amendment also amends the covenant in the Credit Agreement that limits the Company’s ability to make payments on its capital stock by permitting $25 million of additional repurchases of common stock during the 2012 fiscal year.

In connection with the Amendment, the Company is required to make a prepayment of the term loan under the Credit Agreement in the principal amount of $15,000,000, and will pay certain fees and expenses of the Agent and the lenders.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference in this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits.

 

  10.1 Third Amendment to Credit Agreement, dated May 2, 2012, by and among the Company, SunTrustBank, as administrative agent, and the lenders party thereto


SIGNATURES

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 JAFFRAY COMPANIES
Date: May 4, 2012     By   /s/ Timothy L. Carter
      Timothy L. Carter
      Treasurer

 

 

 


EXHIBIT INDEX

 

No.

  

Description

  

Manner of Filing

 
10.1    Third Amendment to Credit Agreement, dated May 2, 2012, by and among the Company, SunTrust Bank, as administrative agent, and the lenders party thereto      Filed Electronically   
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki