PennyMac Financial Services (PFSI) Proxy filing summary

Executive summary

• The annual meeting is scheduled for June 3, 2026, via online webcast, with shareholders of record as of April 6, 2026, eligible to vote on key proposals.

• Shareholders will vote on the election of ten directors, ratification of the independent auditor, and a non-binding advisory vote on executive compensation.

• The company reported strong financial performance in 2025, with net income of $501.1 million, a 25% increase in loan production, and a 31% total return to shareholders.

• The proxy materials and annual report are available online, and shareholders are encouraged to vote by proxy, mail, internet, or phone.

Voting matters and shareholder proposals

• Proposal 1: Election of ten director nominees for one-year terms expiring at the 2027 annual meeting.

• Proposal 2: Ratification of Deloitte as the independent registered public accounting firm for fiscal year 2026.

• Proposal 3: Advisory (non-binding) vote to approve executive compensation (Say-on-Pay).

• Board recommends a vote FOR all proposals.

Board of directors and corporate governance

• Board consists of ten nominees with diverse backgrounds in finance, technology, and mortgage banking; 82% are independent.

• Majority voting standard for uncontested director elections; director resignation policy in place.

• Regular board and committee evaluations, robust stock ownership guidelines, and annual elections for all directors.

• Independent lead director presides over executive sessions of independent directors.

• Succession planning and director education are ongoing priorities.