---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-105883"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:37:14.507429+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PennyMac announces departure of Chief Capital Markets Officer Chang; Elbaum named interim successor

## Summary
- William Chang steps down as Chief Capital Markets Officer (PFSI) and Chief Investment Officer (PMT), effective Oct 11, 2024.
- Mark Elbaum, Managing Director, Strategic Initiatives, appointed interim Chief Capital Markets Officer for PFSI and CIO for PMT.
- Chang is leaving to pursue other interests in mortgage banking; CEO Spector thanks him for over a decade of service.
- Elbaum previously held capital markets leadership roles at Homepoint, Bank of America, and Countrywide.

## SEC filing metadata
- accession: 0001104659-24-105883
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465924105883/0001104659-24-105883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465924105883/tm2425559d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-105883
- JSON: https://secwatch.observer/filing/0001104659-24-105883.json
- Plain text: https://secwatch.observer/filing/0001104659-24-105883.txt

## Key facts
- Executive change
  William Chang departed as Senior Managing Director and Chief Capital Markets Officer at PennyMac Financial Services, Inc..
  - Action: stepping down
  - Role: Senior Managing Director and Chief Capital Markets Officer
  source text: On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Capital Markets Officer of PennyMac Financial Services, Inc. (the “Company”) effective October 11, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924105883/0001104659-24-105883-index.htm
- Executive change
  Mark Elbaum was appointed as Chief Capital Markets Officer at PennyMac Financial Services, Inc..
  - Action: appointed
  - Role: Chief Capital Markets Officer
  source text: On October 3, 2024, the Company announced that Mark Elbaum, Managing Director, Strategic Initiatives, will assume the responsibilities of Chief Capital Markets Officer upon Mr. Chang's departure on an interim basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924105883/0001104659-24-105883-index.htm

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