secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001104659-25-000828
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465925000828/0001104659-25-000828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465925000828/tm251720d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-000828

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