Management ChangeJun 16, 2026, 05:16 PM
PennyMac Mortgage Investment Trust Appoints Scott Sauer to Board
AI Summary
PennyMac Mortgage Investment Trust announced the election of Scott Sauer as a Class III Trustee to its Board, bringing over three decades of financial sector experience. Mr. Sauer will also serve on the Risk Committee and receive standard non-management trustee compensation, including an annual retainer and a one-time equity grant. Additionally, the company held its Annual Meeting of Shareholders, where three Class II trustees were elected, Deloitte & Touche LLP was ratified as the independent auditor for 2026, and executive compensation was approved by a non-binding vote.
Key Highlights
- Scott Sauer elected as a Class III Trustee to PennyMac Mortgage Investment Trust's Board.
- Mr. Sauer will serve on the Risk Committee.
- Mr. Sauer will receive an annual base retainer of $105,000 and a committee retainer of $7,750.
- He will also receive a one-time equity grant of $130,000 in restricted share units.
- Shareholders elected three Class II trustees: Preston DuFauchard, Nancy McAllister, and Stacey D. Stewart.
- Deloitte & Touche LLP was ratified as the independent auditor for 2026 with 68,988,146 votes for.
- Executive compensation was approved by non-binding vote with 50,034,544 votes for.
Price Impact