PennyMac Mortgage Investment Trust (NYSE:PMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On December 13, 2016, PennyMac Mortgage Investment Trust (the
Company) issued a press release announcing changes in the roles
of some of its executive officers in conjunction with
organizational changes announced today by PennyMac Financial
Services, Inc. (NYSE: PFSI), the Companys manager and service
provider. Stanford L. Kurland, the Companys Chairman and Chief
Executive Officer, will assume the role of Executive Chairman of
the Company, effective January 1, 2017.As Executive Chairman, Mr.
Kurland will continue to lead the Companys strategy,
organizational development and governance and will represent the
Company with its business partners, investors and other key
external stakeholders, with a focus on advising and helping guide
the senior management team in their areas of responsibility.

David A. Spector, currently the Companys Executive Managing
Director, President and Chief Operating Officer, will become its
President and Chief Executive Officer, reporting directly to Mr.
Kurland, effective January 1, 2017.Mr. Spector, age 53, has been
a member of the Companys Board since its formation in May 2009.
Mr. Spector is also the Companys President and Chief Operating
Officer. He also has been a member of the board of directors of
PFSI since its formation and the president and chief operating
officer of PFSI since February 2013. Mr. Spector also has been
the president and chief operating officer of Private National
Mortgage Acceptance Company, LLC (PNMAC) since March 2015 and,
prior thereto, its president and chief investment officer
beginning in January 2008. Prior to joining PNMAC, Mr. Spector
was co-head of global residential mortgages for Morgan Stanley, a
global financial services firm, based in London. Before joining
Morgan Stanley in September 2006, Mr. Spector was the senior
managing director, secondary marketing, at Countrywide Financial
Corporation, where he was employed from May 1990 to August 2006.
Mr. Spector holds a BA from the University of California, Los
Angeles. Mr. Spector is an experienced mortgage banking executive
with broad expertise in portfolio investments, interest rate and
credit risk management, and capital markets activity that
includes pricing, trading and hedging.

The compensation payable to Mr. Spector will not change as a
result of the appointment. There are no arrangements or
understandings between Mr. Spector and any other persons to which
he was appointed as an executive officer. There are no family
relationships between Mr. Spector and any director, executive
officer or any other person nominated or chosen by the Company to
become a director or executive officer. There are no related
person transactions within the meaning of Item 404(a) of
Regulation S-K promulgated by the Securities and Exchange
Commission (the SEC) between Mr. Spector and the Company.

Andrew S. Chang, currently the Companys Senior Managing Director
and Chief Business Development Officer, will become its Senior
Managing Director and Chief Financial Officer, effective January
1, 2017.Mr. Chang, age 39, has been the Companys Chief Business
Development Officer since its formation in May 2009. Mr. Chang
also has served as Chief Business Development Officer of PNMAC
since May 2009. Mr. Chang has been responsible for the Companys
corporate development, portfolio acquisitions and investor
relations, including communications with shareholders and the
government-sponsored entities and other mortgage agencies. Prior
to joining PNMAC, from June 2005 to May 2008, Mr. Chang was
employed at BlackRock, Inc., a global investment management firm,
and a senior member in its advisory services practice,
specializing in financial strategy and risk management for banks
and mortgage companies. Mr. Chang is an experienced financial
services executive with substantial experience in corporate
finance and mortgage banking.

The compensation payable to Mr. Chang will not change as a result
of the appointment. There are no arrangements or understandings
between Mr. Chang and any other persons to which he was appointed
as an executive officer. There are no family relationships
between Mr. Chang and any director, executive officer or any
other person nominated or chosen by the Company to become a
director or executive officer. There are no related person
transactions within the meaning of Item 404(a) of Regulation S-K
promulgated by the SEC between Mr. Chang and the Company.

Effective January 1, 2017, Anne D. McCallion, currently the
Companys Senior Managing Director and Chief Financial Officer,
will become its Senior Managing Director and Chief Enterprise
Operations Officer, with management responsibility for the
Companys legal, human resources, corporate administration and
enterprise operations functions.

Item 7.01 Regulation FD Disclosure.

On December 13, 2016, the Company issued a press release
announcing the matters described above in Item 5.02. A copy of
the press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.

The information contained in this Item 7.01, including the
related information set forth in the press release attached
hereto and incorporated by reference herein, is being furnished
and shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of Section 18 of the
Exchange Act. The information in this Item 7.01 shall not be
incorporated by reference into any registration statement or
other document to the Securities Act of 1933, as amended, or into
any filing or other document to the Exchange Act, except as
otherwise expressly stated in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

About PennyMac Mortgage Investment Trust (NYSE:PMT)

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It operates through two segments: correspondent production and investment activities. The correspondent production segment represents its operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS), using the services of PNMAC Capital Management and PennyMac Loan Services, LLC. The investment activities segment represents its investments in mortgage-related assets, which include distressed mortgage loans, real estate acquired in settlement of loans, MBS, mortgage servicing rights and excess servicing spread.

PennyMac Mortgage Investment Trust (NYSE:PMT) Recent Trading Information

PennyMac Mortgage Investment Trust (NYSE:PMT) closed its last trading session down -0.16 at 16.65 with 510,427 shares trading hands.