Form 8-K

8-K — PennyMac Financial Services, Inc.

Accession: 0001104659-26-072973

Filed: 2026-06-11

Period: 2026-06-05

CIK: 0001745916

SIC: 6162 (MORTGAGE BANKERS & LOAN CORRESPONDENTS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — tm2617203d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2617203d1_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 5, 2026

PennyMac

Financial Services, Inc.

(Exact name of registrant as specified in

its charter)

Delaware

001-38727

83-1098934

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

3043

Townsgate Road,

Westlake Village,

California

91361

(Address of principal executive

offices)

(Zip Code)

(818) 224-7442

(Registrant’s telephone number, including

area code)

Former name or former address, if changed

since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of exchange on which

registered

Common Stock, $0.0001 par value

PFSI

New York Stock Exchange

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the

Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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.

Election of Directors. On

June 5, 2026, the Board of Directors (the “Board”) of PennyMac Financial Services, Inc. (the “Company”)

elected Tiffany To as a member of the Board. Ms. To will serve until the Company’s next annual meeting of stockholders or until

her successor is duly elected and qualified or until her earlier death, resignation or removal. Ms. To has not been appointed to

serve on any Board committees.

In consideration for her services

as a director of the Company, Ms. To will be entitled to receive compensation on the same terms and in the same amounts as the other

independent directors. Accordingly, Ms. To is expected to receive an annual base retainer of $107,500. In connection with her election

to the Board, Ms. To will receive a one-time equity grant of restricted stock units with a value of $177,500 under the Company’s

2022 Equity Incentive Plan (with such amount to be prorated based on days of service on the Board during the annual equity award cycle)

that vests in full on the first anniversary of the date of grant.

In connection

with her election, Ms. To will enter into an indemnification agreement with the Company in the same form of indemnification agreement

that the Company has entered into with its other directors. There are no other arrangements or understandings between Ms. To and

any other persons pursuant to which she was selected as a director. Ms. To is not a party to any transaction required to be disclosed

pursuant to Item 404(a) of Regulation S-K and has no family relationship with any director or executive officer of the Company.

A copy of the press release announcing the appointment of Ms. To is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

99.1

Press Release

104*

Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith.

SIGNATURES

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.

PENNYMAC FINANCIAL SERVICES, INC.

Date: June 11, 2026

/s/ Daniel S. Perotti

Daniel S. Perotti

Senior Managing Director and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2617203d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

PennyMac Financial Services, Inc.

Announces

Tiffany To Has Joined Its Board of Directors

Ontollo CEO brings deep scaling

and technology transformation experience to the mortgage industry's premier tech-first platform

WESTLAKE VILLAGE, Calif. – June 9, 2026 — PennyMac

Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today that Tiffany To, enterprise AI expert and CEO and Co-Founder of

AI and operational intelligence software company Ontollo, has joined its Board of Directors.

“We are pleased to welcome Tiffany to PFSI’s Board of Directors,”

said David Spector, Chairman and CEO of Pennymac. “She has spent her career at the forefront of AI and business transformation,

building products, leading organizations, and helping enterprises turn technology into real competitive advantage. Tiffany’s experience

and perspective as a cutting-edge founder, operator, and technology leader will be valuable as Pennymac continues to leverage its tech-first

platform in leading the mortgage industry. We are confident Tiffany will make an immediate and lasting impact.”

Throughout her career, Ms. To has guided both startups and global

enterprises through transformations that connect new technology directly to business outcomes. She is currently the CEO and Co-Founder

of Ontollo, a software development and operational intelligence platform. Prior to her current role, she was EVP and GM of Enterprise &

Platform at Atlassian, where she led the Enterprise business and Platform teams to build an AI-driven knowledge work system for their

300,000 customers. Earlier in her career, she served as Chief Operating Officer and Member of the Board of Directors at ForAllSecure,

where she built a go-to-market strategy for transforming cybersecurity technology from Carnegie Mellon into enterprise-ready product for

the Department of Defense, as well as clients in the aerospace, automotive, and high-tech industries. She has also held leadership roles

at Cohesity, Coho Data, Nutanix, VMware, and Intel, Silicon Graphics, and Symbol Technologies. Ms. To holds a Bachelor of Science

in Computer Systems Engineering from Stanford University, and an MBA from UC Berkeley Haas School of Business.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services

firm focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs approximately 5,300 people

across the country. For the twelve months ended March 31, 2026, PFSI’s production of newly originated loans totaled $154 billion

in unpaid principal balance, making it a top lender in the nation. As of March 31, 2026, PFSI serviced loans totaling $720 billion

in unpaid principal balance, making it a top mortgage servicer in the nation. Additional information about PFSI is available at pfsi.pennymac.com.

Media

Investors

Kristyn Clark

Kevin Chamberlain

mediarelations@pennymac.com

Isaac Garden

805.395.9943

PFSI_IR@pennymac.com

818.264.4907

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