---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-097758"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2024-09-06T23:59:59+00:00"
generated_at: "2026-05-31T06:05:40.135173+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PennyMac Financial Services elects Sunil Chandra to board; Hunt and Youssouf to retire Dec 31, 2024

## Summary
- Board size increased to 13; Sunil Chandra elected effective Sept 4, 2024.
- Chandra to receive $92,500 annual retainer, committee retainers, and $157,500 one-time RSU grant.
- James Hunt and Emily Youssouf to retire from board effective Dec 31, 2024; both served since 2013.
- Chandra brings experience from OakNorth, Google, Barclays Capital; will serve on Nominating & Risk Committees.
- Third Amended and Restated Stockholder Agreement with HC Partners LLC executed to support board expansion.

## SEC filing metadata
- accession: 0001104659-24-097758
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2024-09-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/0001104659-24-097758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/tm2423364d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-097758
- JSON: https://secwatch.observer/filing/0001104659-24-097758.json
- Plain text: https://secwatch.observer/filing/0001104659-24-097758.txt

## Key facts
- Executive change
  Emily Youssouf departed as director at PennyMac Financial Services, Inc..
  - Action: plan to retire
  - Role: director
  source text: James K. Hunt and Emily Youssouf each notified the Company that they plan to retire from the Board effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/0001104659-24-097758-index.htm
- Executive change
  James K. Hunt departed as director at PennyMac Financial Services, Inc..
  - Action: plan to retire
  - Role: director
  source text: James K. Hunt and Emily Youssouf each notified the Company that they plan to retire from the Board effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/0001104659-24-097758-index.htm
- Executive change
  Sunil Chandra was elected as director at PennyMac Financial Services, Inc..
  - Action: elected
  - Role: director
  source text: elected Sunil Chandra to the Board, effective on September 4, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/0001104659-24-097758-index.htm

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