PennyMac Financial reduces board to 11 directors; stockholder agreement amended after retirements

PennyMac Financial Services, Inc.

Board maximum reduced from 13 to 11 following retirements of James K. Hunt and Emily Youssouf on Dec 31, 2024.
Fourth Amended and Restated Stockholder Agreement signed with HC Partners to reflect the change.
Bylaws amended accordingly (Third Amendment to Bylaws filed as Exhibit 3.1).
HCP retains nomination rights: 2 directors if holding 15%+ voting power, 1 if 10%+ (excluding charitable entities).
Stockholder agreement also provides consent rights for charter/bylaw amendments adverse to HCP.

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