Hi Code Spartan -
I was able to replicate (sorry) this issue and have entered a bug, UE-14949 for reference. As we continue to investigate a solution I will keep you informed here.
UPDATE: So I was talking with our Networking Team and currently the engine only supports replication with the Character Movement Component and not the Pawn Component. I can change the bug into a feature request if you wish, let me know.
Thank You
Eric Ketchum