PMT CIO William Chang steps down; Mark Elbaum named interim CIO

PennyMac Mortgage Investment Trust

William Chang stepping down as PMT Senior Managing Director and CIO, effective Oct 11, 2024, to pursue other interests.
Mark Elbaum appointed interim CIO of PMT and interim Chief Capital Markets Officer of PFSI.
Elbaum previously held capital markets leadership roles at Homepoint, Bank of America, and Countrywide.
Chairman and CEO David Spector expressed full confidence in Elbaum to lead capital markets during transition.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed (interim)

William Chang

Senior Managing Director and Chief Investment Officer

PMT · PennyMac Mortgage Investment Trust

Effective: 2024-10-11
Successor: Mark Elbaum
Filed: October 3, 2024, 7:59 PM ET

On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust (the “Company”) effective October 11, 2024.

Appointed (interim)

Mark Elbaum

Chief Investment Officer

PMT · PennyMac Mortgage Investment Trust

Effective: 2024-10-11
Filed: October 3, 2024, 7:59 PM ET

On October 3, 2024, the Company announced that Mark Elbaum will assume the responsibilities of Chief Investment Officer upon Mr. Chang’s departure on an interim basis.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Chang departed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.

Action: step down
Role: Senior Managing Director and Chief Investment Officer

Exact text from the filing

On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust (the “Company”) effective October 11, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Elbaum was appointed as Chief Investment Officer at PennyMac Mortgage Investment Trust.

Action: assume
Role: Chief Investment Officer

Exact text from the filing

On October 3, 2024, the Company announced that Mark Elbaum will assume the responsibilities of Chief Investment Officer upon Mr. Chang’s departure on an interim basis.

View on SEC.gov

PennyMac Mortgage Investment Trust filing history →

Source: SEC EDGAR

accession 0001193125-24-232282

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