Current Report Filing (8-k)
October 28 2019 - 3:28PM
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)
October 22, 2019
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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):
☐ 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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, no par value
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CPSS
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The Nasdaq Stock Market LLC (Global Market)
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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 5.07 Submission of Matters to a Vote of Security Holders.
At our annual meeting of shareholders
held on October 22, 2019, four proposals were placed before our shareholders: proposal one, to elect directors; proposal two, to
ratify the appointment of Crowe LLP as our independent auditors for the fiscal year ending December 31, 2019; proposal three, to
adopt an advisory resolution approving our executive compensation; and proposal four, to adopt an advisory resolution on the frequency
of future advisory votes on executive compensation.
Seven 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 seven 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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8,281,728
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3,450,163
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8,646,185
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Chris A. Adams
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7,508,176
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4,223,715
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8,646,185
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Louis M. Grasso
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10,689,035
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1,042,856
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8,646,185
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Brian J. Rayhill
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8,339,492
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3,392,399
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8,646,185
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William B. Roberts
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7,846,861
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3,885,030
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8,646,185
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Gregory S. Washer
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8,371,756
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3,360,135
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8,646,185
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Daniel S. Wood
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8,009,394
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3,722,497
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8,646,185
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Proposals two and three 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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Proposal Two
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19,688,097
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688,979
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1,000
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0
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Proposal Three
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6,545,069
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5,185,722
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1,100
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8,646,185
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Proposal four offered multiple choices,
that future advisory votes on executive compensation be held every year, every two years, or every three years. The votes cast
were as follows:
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One Year
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Two Years
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Three Years
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Abstentions
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Broker Non-Votes
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Proposal Four
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9,552,295
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136,923
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1,752,893
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2,820
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8,646,185
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The resolution as adopted advised holding
future advisory votes on executive compensation every year.
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: October 28, 2019
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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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