Current Report Filing (8-k)
July 30 2018 - 6:24PM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 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)
July 24, 2018
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CONSUMER PORTFOLIO
SERVICES, INC.
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(Exact Name of Registrant as Specified in Charter)
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CALIFORNIA
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1-11416
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33-0459135
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169
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(Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including
area code (949) 753-6800
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Not Applicable
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(Former name or former address, if changed since last report)
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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 (see General Instruction
A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
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 2.02 RESULTS OF OPERATIONS
AND FINANCIAL CONDITION.
On July 24, 2018, the registrant announced its earnings for
the quarter ended June 30, 2018. A copy of the announcement is attached as an exhibit to this report.
As disclosed in the announcement, the registrant hosted a conference
call on Wednesday, July 25, 2018, to discuss its results of operation and financial condition. A replay of the conference call
will be available through August 1, 2018, by dialing 855 859-2056 or 404 537-3406, with conference identification number 3392867.
A broadcast of the conference call will also be available for 90 days after the call via the Company’s web site at www.consumerportfolio.com.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
On July 25, 2018, we held our annual meeting of shareholders.
Four proposals were placed before our shareholders: proposal one, to elect directors; proposal two, to ratify the appointment of
Crowe Horwath LLP as our independent auditors for the fiscal year ending December 31, 2018; proposal three, to approve an advisory
resolution to approve executive compensation; and proposal four, to approve an amendment to our 2006 Long-Term Equity Incentive
Plan, which increases the number of shares issuable thereunder by 2,000,000.
Six individuals were nominated for election to our board of
directors at the meeting, comprising the entire board. Such individuals received votes as follows, and each of the following six
was elected to our board of directors:
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Votes for
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Votes withheld
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Broker non-votes
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Charles E. Bradley, Jr.
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12,132,926
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3,395,177
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4,766,673
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Chris A. Adams
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9,492,670
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6,035,433
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4,766,673
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Brian J. Rayhill
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12,254,124
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3,273,979
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4,766,673
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William B. Roberts
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9,225,213
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6,302,890
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4,766,673
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Gregory S. Washer
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12,288,326
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3,239,777
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4,766,673
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Daniel S. Wood
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8,973,317
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6,554,786
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4,766,673
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Proposals two, three and four were approved, on the following
votes:
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Votes for
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Votes against
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Abstentions
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Broker non-votes
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To ratify the appointment of Crowe Horwath LLP as the Company's independent auditors for the fiscal year ending December 31, 2018.
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20,029,417
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262,592
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2,767
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0
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To approve an advisory resolution on executive compensation.
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8,462,909
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6,497,657
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567,537
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4,766,673
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To approve an amendment to the Company’s 2006 Long-Term Equity Incentive Plan, which increases the number of shares issuable by 2,000,000.
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9,568,656
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5,944,032
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15,415
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4,766,673
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ITEM 9.01. FINANCIAL STATEMENTS
AND EXHIBITS.
One exhibit is included in this report:
99.1
News release re earnings.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CONSUMER PORTFOLIO SERVICES, INC.
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Dated: July 30, 2018
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By:
/s/ JEFFREY P. FRITZ
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Jeffrey P. Fritz
Executive Vice President and Chief Financial Officer
Signing on behalf of the registrant
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