PennyMac COO Andrew Chang to step down Dec 31; takes Special Advisor role

PennyMac Mortgage Investment Trust

Andrew S. Chang to step down as COO of PFSI and PMT effective Dec 31, 2021.
Chang will become Special Advisor to Chairman and CEO David Spector.
Kurland Family Investments sold substantially all its remaining PFSI shares.
Chang had been a founding executive since 2008; succession plan in place.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Andrew S. Chang

Senior Managing Director and Chief Operating Officer

PMT · PennyMac Mortgage Investment Trust

Effective: 2021-12-31
Filed: November 18, 2021, 6:59 PM ET

On November 18, 2021, PennyMac Mortgage Investment Trust (the “Company”) announced that Andrew S. Chang has decided to step down as the Company’s Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Company’s Chairman and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew S. Chang changed role as Senior Managing Director and Chief Operating Officer at PennyMac Mortgage Investment Trust.

Action: stepped down
Role: Senior Managing Director and Chief Operating Officer

Exact text from the filing

On November 18, 2021, PennyMac Mortgage Investment Trust (the “Company”) announced that Andrew S. Chang has decided to step down as the Company’s Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Company’s Chairman and Chief Executive Officer.

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PennyMac Mortgage Investment Trust filing history →

Source: SEC EDGAR

accession 0001564590-21-057636

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