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) August 13, 2007
CONSUMER PORTFOLIO SERVICES, INC.
---------------------------------
(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 0-51027 33-0459135
---------- --------- ----------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) dentification No.)
16355 Laguna Canyon Road, Irvine, CA 92618
------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (949) 753-6800
Not Applicable
--------------
(Former name or former address, if changed since last report)
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
ExchangeAct (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.
On August 13, 2007, the board of directors of the registrant (i) increased the
authorized number of directors from seven to eight, and (ii) elected Chris A.
Adams of Latrobe, Pennsylvania to fill the vacancy thereby created.
Mr. Adams has not been named to any of the standing committees of the Board of
Directors.
It is anticipated that Mr. Adams will be granted, under the registrant's 2006
Long-Term Equity Incentive Plan, five-year options to purchase up to 30,000
shares of the registrant's common stock, at an exercise price per share equal to
the prevailing market price of such shares on the date of such grant.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL
YEAR.
On August 13, 2007, the board of directors of the registrant amended the bylaws
to increase the authorized number of directors from seven to eight
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
One exhibit is filed herewith:
3.2.1 Bylaws (as of August 13, 2007).
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.
CONSUMER PORTFOLIO SERVICES, INC.
Dated: August 17, 2007 By: /s/ Robert E. Riedl
---------------------------------------
Robert E. Riedl
Sr. Vice President