Attached files
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| EX-99.1 - CONSUMER PORTFOLIO SERVICES, INC. | cpss8kex991_dtd140530.htm |
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) May 30, 2014
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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 How Hughes Pkwy, Ste 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))
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At our annual meeting of shareholders held on May 30, 2014 (the “Annual Meeting”), our shareholders approved the material terms of our Executive Management Bonus Plan (the “Plan”). The compensation committee of our board of directors had previously adopted and approved the Plan, subject to shareholder approval.
We incorporate by reference the description of the Plan contained in our definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2014, on pages 8 through 9 and A-1 through A-3 of that proxy statement.
ITEM 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting 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, 2014; proposal three, to adopt an advisory resolution approving our executive compensation; and proposal four, to approve the revised material terms of our Executive Management Bonus Plan.
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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12,375,248
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737,616
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10,043,174
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Chris A. Adams
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12,387,612
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725,252
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10,043,174
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Brian J. Rayhill
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11,633,063
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1,479,801
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10,043,174
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William B. Roberts
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12,378,036
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734,828
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10,043,174
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Gregory S. Washer
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10,489,668
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2,623,196
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10,043,174
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Daniel S. Wood
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12,378,036
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734,828
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10,043,174
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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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Proposal Two
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22,378,827
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323,052
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454,159
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-
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Proposal Three
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12,233,443
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471,978
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407,443
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10,043,174
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Proposal Four
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12,450,750
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254,671
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407,443
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10,043,174
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Item 9.01 Financial Statements and Exhibits.
One exhibit is filed with this report:
99.1 Portions of the registrant’s definitive proxy statement filed April 30, 2014 (incorporated by reference into item 5.02 of this report).
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: June 5, 2014
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By:
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/s/ Mark Creatura
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Mark Creatura
Senior Vice President and Secretary
Signing on behalf of the registrant
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