---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-057636"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T06:56:45.535396+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-21-057636
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000156459021057636/0001564590-21-057636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000156459021057636/pmt-8k_20211118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-057636
- JSON: https://secwatch.observer/filing/0001564590-21-057636.json
- Plain text: https://secwatch.observer/filing/0001564590-21-057636.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000156459021057636/0001564590-21-057636-index.htm

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