PennyMac Mortgage Investment Trust 8-K, filed Mar 10, 2023
PennyMac Mortgage Investment Trust (PMT)
About this 8-K
PennyMac Mortgage Investment Trust filed this 8-K on March 10, 2023, reporting on events of March 7, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Directors. On March 7, 2023, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Doug Jones, the Company’s President and Chief Mortgage Banking Officer as a non-independent Class III Trustee. Mr. Jones will serve as a Class III Trustee until the Company’s next annual meeting of shareholders in 2024 and until his successor is duly elected and qualified or until his earlier death, resignation or removal. Mr. Jones will not receive any additional compensation for serving on the Board or attending any Board meetings. In addition, there are no other agreements or understandings pursuant to which Mr. Jones was elected as a trustee, and there are no related party transactions between the Company and Mr. Jones.
Item 8.01 Other Events.
On March 10, 2023, the Company also issued a press release announcing the appointment of Mr. Jones as referenced in Item 5.02 above. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PENNYMAC MORTGAGE INVESTMENT TRUST |
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Dated: March 10, 2023 |
/s/ Daniel S. Perotti |
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Daniel S. Perotti Senior Managing Director and Chief Financial Officer |
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Exhibit 99.1
PennyMac Mortgage Investment Trust Announces
Doug Jones Joined Its Board of Trustees
Westlake Village, CA, March 10, 2023 – PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Trustees effective March 7, 2023.
In his role as President of PennyMac Mortgage Investment Trust, Mr. Jones is responsible for the company’s mortgage banking activities, including correspondent loan production and loan servicing. He previously served as Chief Correspondent Lending Officer and has been a member of the company's executive management team since 2011.
“I am delighted to announce Doug Jones’ election to our Board of Trustees,” said PennyMac Mortgage Investment Trust’s Chairman and Chief Executive Officer David Spector. “Doug has a long track record of success in mortgage banking and the contributions he has made since joining our executive management team more than 10 years ago have driven Pennymac to become the largest correspondent lender, supporting nearly 800 independent mortgage companies, community banks and credit unions across the country. On behalf of our Board, I welcome Doug with great enthusiasm.”
Prior to joining PennyMac Mortgage Investment Trust, Mr. Jones worked in several executive positions at both Countrywide Financial Corporation and Bank of America Corporation, as its successor, where he was responsible for correspondent and warehouse lending, the management and oversight of retail sales, and other ancillary mortgage businesses. He earned a B.A. in Economics from California State University, Sacramento.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at pmt.pennymac.com.
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Media |
Investors |
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Kristyn Clark |
Kevin Chamberlain |
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kristyn.clark@pennymac.com |
Isaac Garden |
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805.395.9943 |
investorrelations@pennymac.com |
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818.224.7028 |