AGM 2021

Jun 3, 2021

Welcome to the Annual Meeting for PennyMac Financial Services. Our host for today's call is David Spector, Chairman and CEO. At this time, all participants will be in a listen only mode. I would now like to turn the call over to your host, Mr. Spector. You may begin. Thank you. Good morning. My name is David Spector, and I'm the Chairman and Chief Executive Officer of PennyMac Financial Services, Inc. At this time, I would like to call the meeting to order. I will chair today's Annual Meeting of Stockholders for PennyMac Financial Services, Inc. And Derek Stark, our Chief Legal Officer, will act as secretary. I would now like to turn the meeting over to Mr. Stark. Thank you, David. Our transfer agent has provided an affidavit confirming that the notice of this meeting, proxy statement, proxy card, return envelope and annual report were mailed on 04/14/2021 to all stockholders of record as of the close of business on 04/06/2021. A copy of this affidavit and copies of the material mail will be placed with the records of this meeting. Isaac Garden, our first vice president of investor relations, has been appointed to serve as the inspector of elections for the meeting and has previously taken his oath as inspector of elections. A list of the company's stockholders of record on 04/06/2021 is available for inspection by any stockholder during the annual meeting at our virtual meeting website. In addition, mister Garden has informed me that at least the majority of the company's issued and outstanding shares entitled to vote are represented in person or by proxy at today's meeting. Since the majority of the company shares is represented here today, a quorum is present. The three items for consideration today are the election of 11 director nominees, each for a one year term expiring at the twenty twenty two annual meeting stockholders, the ratification of the appointment of Deloitte and Touche LLP as our independent registered public accounting firm for the fiscal year ending 12/31/2021 and the approval by nonbinding vote of our executive compensation. The board recommends a vote for the election of each of the 11 directors for the ratification of Deloitte and Touche LLP as our independent registered public accounting firm and for our executive compensation. Any stockholder participating online may vote your shares during the annual meeting up until the closing of the polls on our virtual meeting website. We'll now allow time for stockholders to vote online. The voting polls for all items of business to be conducted at this meeting are now closed. The votes will now be tabulated. As it pertains to the results, the preliminary report indicates that election of the 11 director nominees, each for a one year term expiring at the twenty twenty two annual meeting of stockholders, was approved. The ratification of the appointment of Deloitte and Touche LLP as our independent registered public accounting firm for the fiscal year ending 12/31/2021 was approved, and executive compensation by nonbinding vote was approved. A written report of the final note count will be included in the minutes. We have not received any questions related to the items of business set forth in the agenda. That concludes the formal twenty twenty one Annual Meeting of Stockholders. I hereby declare this meeting adjourned. Thank you. This now concludes the meeting. Thank you for joining, and have a pleasant day.