PennyMac Financial Services, Inc. was renamed PNMAC Holdings, Inc. (company). Pursuant to the Reorganization, the company is now a wholly-owned subsidiary of PennyMac Financial Services, Inc. which was formerly known as New PennyMac Financial Services, Inc. (the “Successor”). The Successor currently has 100% control over the company and now conducts all of the operations that were conducted by the company prior to the Closing of the Reorganization. On November 1, 2018, in connection with the Closing of the Reorganization, all of the members of the company’s board of directors immediately prior to the Closing were removed without cause after the Closing; the size of the company’s board of directors was reduced from eleven to three directors after the Closing; and Anne D. McCallion, David A. Spector, and Stanford L. Kurland were elected and appointed to serve as directors of the company.