secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001104659-24-097758
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/0001104659-24-097758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924097758/tm2423364d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097758

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer