PennyMac Financial Services Inc
For the period ended Jun 5, 2024. Filed Apr 19, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 5, 2024 · Filed Apr 19, 2024
Contents
PROXY STATEMENT SUMMARY
This summary contains highlights about our Board of Directors, or our Board, and the upcoming 2024 Annual Meeting of Stockholders, or the Annual Meeting. References in this Proxy Statement to “we,” “us,” “our,” the “Company,” and “PNMAC” refer to PennyMac Financial Services, Inc. and its affiliates, unless the context otherwise requires. This summary does not contain all of the information that you should consider in advance of the Annual Meeting and we encourage you to read the entire Proxy Statement before voting. This Proxy Statement has been made available to our stockholders on the Internet on or about April 19, 2024.
2024 Annual Meeting of Stockholders
| Date and Time: | Wednesday, June 5, 2024, at 11:00 a.m. Pacific Time |
|---|---|
| Location: | Online via live webcast at www.virtualshareholdermeeting.com/PFSI2024 |
| Record Date: | April 10, 2024 |
| Mail Date: | April 19, 2024 |
Voting Matters and Board Recommendations
| Matter | Our Board Vote Recommendation | |
|---|---|---|
| Proposal I: | Election of twelve (12) director nominees identified in the Proxy Statement to serve on our Board, each for a one year term expiring at the 2025 annual meeting of stockholders | FOR each Director Nominee |
| Proposal II: | Ratification of the appointment of our independent registered public accounting firm for the fiscal year ending December 31, 2024 | FOR |
| Proposal III: | Approval, by non-binding advisory vote, the compensation for our named executive officers | FOR |
Director Nominees
| Director Nominees | Age | Director Since | Principal Occupation / Key Experience | Committee Membership |
|---|---|---|---|---|
| David A. Spector | 61 | 2012 | Chairman and Chief Executive Officer of PennyMac Financial Services, Inc. | None |
| Doug Jones | 67 | 2023 | Director, President and Chief Mortgage Banking Officer of PennyMac Financial Services, Inc. | None |
| James K. Hunt | 72 | 2013 | Former Managing Partner and CEO, Middle Market Credit at Kayne Anderson Capital Advisors LLC | Nominating & Corp. Gov. Compensation |
| Jonathon S. Jacobson | 62 | 2021 | Assistant Head Coach and Senior Advisor, UNC Charlotte Football, Non-Executive Chair, HighSage Ventures, LLC and Founder, Highfields Capital Management, LP | Nominating & Corp. Gov. Finance |
| | 2024 Proxy Statement | 1 |
|---|
PROXY STATEMENT SUMMARY
| Director Nominees | Age | Director Since | Principal Occupation / Key Experience | Committee Membership |
|---|---|---|---|---|
| Patrick Kinsella † | 70 | 2014 | Former Adjunct Professor at USC Marshall School of Business and Retired Senior Audit Partner with KPMG, LLP | Audit Related Party Matters Risk |
| Joseph Mazzella | 71 | 2012 | Retired Managing Director and General Counsel of Highfields Capital Management L.P. | Nominating & Corp. Gov. Related Party Matters |
| Anne D. McCallion | 69 | 2018 | Former Senior Managing Director and Chief Enterprise Operations Officer of PennyMac Financial Services, Inc. | Finance Risk |
| Farhad Nanji | 45 | 2012 | Co-Founder of MFN Partners Management, L.P. | Compensation |
| Jeffrey A. Perlowitz* | 67 | 2019 | Retired Managing Director and Co-Head of Global Securitized Markets of Citigroup and/or its Predecessors | Compensation Finance Risk |
| Lisa M. Shalett | 57 | 2020 | Former Goldman Sachs Partner and Former Managing Partner of Brookfield Asset Management | Audit Nominating & Corp. Gov. |
| Theodore W. Tozer | 67 | 2017 | Non-resident fellow at the Urban Institute and Former President of Government National Mortgage Association | Audit Related Party Matters Risk |
| Emily Youssouf | 72 | 2013 | Clinical Professor at NYU Schack Institute of Real Estate | Audit Finance |
† Audit Committee Financial Expert
- Independent Lead Director
We believe our Board possesses deep and broad skill sets and specific experience and expertise that facilitate strong oversight and strategic direction for us as a leading specialty financial services firm focused on the production and servicing of mortgage loans and the management of investments related to the mortgage market.
| 2 | | 2024 Proxy Statement |
PROXY STATEMENT SUMMARY
Director Skills and Qualifications
| | 2024 Proxy Statement | 3 |
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PROXY STATEMENT SUMMARY
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.