---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-003364"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:53:05.452614+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PennyMac CIO Vandad Fartaj departs; William Chang appointed as replacement

## Summary
- Vandad Fartaj stepped down as Senior Managing Director and CIO of both PFSI and PMT effective March 3, 2023.
- William Chang appointed Senior Managing Director and Chief Capital Markets Officer for PFSI and CIO for PMT on March 9, 2023.
- Chang previously served as Deputy CIO for both companies and spent 10+ years at PennyMac.
- Prior to PennyMac, Chang spent over a decade in M&A at Credit Suisse advising on $100B+ transactions.

## SEC filing metadata
- accession: 0001564590-23-003364
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000156459023003364/0001564590-23-003364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000156459023003364/pmt-8k_20230303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-003364
- JSON: https://secwatch.observer/filing/0001564590-23-003364.json
- Plain text: https://secwatch.observer/filing/0001564590-23-003364.txt

## Key facts
- Executive change
  Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.
  - Action: ceased serving
  - Role: Senior Managing Director and Chief Investment Officer
  source text: On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Mortgage Investment Trust’s (the “Company”) Senior Managing Director and Chief Investment Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000156459023003364/0001564590-23-003364-index.htm
- Executive change
  William Chang was appointed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.
  - Action: appointed
  - Role: Senior Managing Director and Chief Investment Officer
  source text: On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Investment Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000156459023003364/0001564590-23-003364-index.htm

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