PennyMac investors approve directors, pay and auditor
PennyMac Financial Services, Inc. reported the results of its Annual Meeting of Stockholders held on June 3, 2026.
Rhea-AI Filing Summary
PennyMac Financial Services, Inc. reported the results of its Annual Meeting of Stockholders held on June 3, 2026. Stockholders voted on electing ten directors, ratifying the independent auditor, and approving executive compensation on an advisory basis.
There were 51,923,059 shares of common stock entitled to vote as of the record date, and 47,547,797 shares, or 91.6%, were represented in person or by proxy. All ten director nominees received strong majorities of votes cast and were elected for one-year terms expiring at the 2027 annual meeting.
Stockholders also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 47,183,413 votes for. The non-binding resolution approving the Company’s executive compensation received 41,064,673 votes for and passed with a clear majority.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares entitled to vote: 51,923,059 shares
Shares represented at meeting: 47,547,797 shares (91.6%)
Votes for auditor ratification: 47,183,413 votes
+3 more
6 metrics
Shares entitled to vote
51,923,059 shares
Common stock entitled to vote as of record date
Shares represented at meeting
47,547,797 shares (91.6%)
Present in person or by proxy at Annual Meeting
Votes for auditor ratification
47,183,413 votes
For ratification of Deloitte & Touche LLP for 2026
Votes for say-on-pay
41,064,673 votes
For non-binding approval of executive compensation
Votes for David A. Spector
42,462,444 votes
Votes for director nominee David A. Spector
Votes against say-on-pay
1,453,740 votes
Votes against executive compensation proposal
Key Terms
Annual Meeting of Stockholders, independent registered public accounting firm, non-binding vote, broker non-votes
4 terms
Annual Meeting of Stockholders financial
"On June 3, 2026, PennyMac Financial Services, Inc. held its Annual Meeting of Stockholders"
independent registered public accounting firm financial
"ratifying the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
non-binding vote financial
"approving, by non-binding vote, the Company’s executive compensation"
A non-binding vote is an advisory vote where shareholders or stakeholders express their opinion on a proposal without creating a legal obligation for the board or management to follow the result. It matters to investors because the outcome acts like a public opinion poll—informing market participants about shareholder sentiment and often influencing future corporate decisions, governance changes, or investor confidence even though it does not force action.
broker non-votes financial
"Broker Non-Votes ... 4,799,772"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
FAQ
What did PennyMac Financial Services (PFSI) stockholders vote on at the 2026 annual meeting?
Stockholders voted on three key items: electing ten directors for one-year terms, ratifying Deloitte & Touche LLP as the 2026 independent auditor, and approving the Company’s executive compensation in a non-binding advisory vote at the June 3, 2026 Annual Meeting of Stockholders.
Were PennyMac Financial Services (PFSI) directors elected at the 2026 annual meeting?
Yes, all ten director nominees were elected. Each candidate, including David A. Spector and other nominees, received a strong majority of votes cast, with broker non-votes reported separately, and will serve one-year terms expiring at the 2027 Annual Meeting of Stockholders.
Did PennyMac Financial Services (PFSI) stockholders approve the company’s executive compensation?
Yes. The advisory vote on executive compensation received 41,064,673 votes for, 1,453,740 votes against, and 229,612 abstentions, with 4,799,772 broker non-votes. This non-binding approval indicates clear majority support for the Company’s current executive pay program as disclosed to stockholders.
Was Deloitte & Touche LLP ratified as PennyMac Financial Services (PFSI) auditor for 2026?
Yes. Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 47,183,413 votes for, 284,212 votes against, and 80,172 abstentions, and no broker non-votes reported on this proposal.
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