Consumer Portfolio Services : Submission of Matters to a Vote of Security Holders - Form 8-K
November 20, 2023 at 01:34 pm EST
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Item 5.07 Submission of Matters to a Vote of Security Holders
Our annual meeting of shareholders was held on November 14, 2023, at which meeting three 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, 2023; and proposal three, to adopt an advisory resolution approving our executive compensation.
Nine individuals were nominated for election to our board of directors at the meeting, constituting the entire board. Such individuals received votes as follows, and each of the following nine was elected:
Votes for
Votes withheld
Broker Non-Votes
Charles E. Bradley, Jr.
11,284,773
367,485
5,705,209
Stephen H. Deckoff
9,512,571
2,139,687
5,705,209
Louis M. Grasso
11,329,088
323,170
5,705,209
William W. Grounds
8,942,774
2,709,484
5,705,209
Brian J. Rayhill
10,369,783
1,282,475
5,705,209
William B. Roberts
9,041,122
2,611,136
5,705,209
James E. Walker III
10,555,461
1,096,797
5,705,209
Gregory S. Washer
9,236,079
2,416,179
5,705,209
Daniel S. Wood
9,345,969
2,306,289
5,705,209
Proposals two and three were approved, on the following votes:
CPS - Consumer Portfolio Services Inc. published this content on 20 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2023 18:33:01 UTC.
Consumer Portfolio Services, Inc. is a specialty finance company. The Companyâs business is to provide purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers. It serves as an alternative source of financing for dealers, facilitating sales to customers from traditional sources, such as commercial banks, credit unions, and the finance companies affiliated with automobile manufacturers. It also originates vehicle purchase money loans by lending directly to consumers. It offers over eight different financing programs and prices each program according to relative credit risk. Its financing programs include First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
CONSUMER PORTFOLIO SERVICES, INC. 
