Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
During the three months ended June 30, 2022, we
repurchased 1,016,274 shares from existing shareholders, as reflected in the table below.
Issuer Purchases of Equity Securities
Period(1)
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as
Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares
that May Yet be Purchased Under the Plans or Programs (2)
April 2022
432,654
$ 11.45
432,654
$ 6,947,806
May 2022
188,907
$ 13.23
188,907
$ 4,448,824
June 2022
394,713
$ 11.04
394,713
$ 92,591
Total
1,016,274
$ 11.62
1,016,274
____________________
(1) Each monthly period is the calendar month.
(2) Our board of directors authorized the purchase of an additional $5.0 million, $10.0 million and $20
million of our outstanding securities in January, March and July 2022, respectively. Through June 30, 2022, our board of directors had
authorized the purchase of up to $103.2 million of our outstanding securities, under a program first announced in our annual report for
the year 2002, filed on June 26, 2003. All purchases described in the table above were under the program announced in June 2003,
which has no fixed expiration date.
Item 6. Exhibits
The Exhibits listed below are filed with this
report.
4.14
Instruments defining the rights of holders of long-term
debt of certain consolidated subsidiaries of the registrant are omitted pursuant to the exclusion set forth in subdivisions
(b)(iv)(iii)(A) and (b)(v) of Item 601 of Regulation S-K (17 CFR 229.601). The registrant agrees to provide copies of such
instruments to the United States Securities and Exchange Commission upon request.
31.1
Rule 13a-14(a) Certification of the Chief Executive Officer of the registrant .
31.2
Rule 13a-14(a) Certification of the Chief Financial Officer of the registrant .
32
Section 1350 Certifications .*
* These Certifications
shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject
to the liability of that section. These Certifications shall not be deemed to be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except to the extent that the registration statement specifically states that such Certifications
are incorporated therein.
51
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
CONSUMER PORTFOLIO SERVICES, INC.
(Registrant)
Date: August 8, 2022
By: /s/ CHARLES E. BRADLEY, JR.
Charles E. Bradley, Jr.
President and Chief Executive Officer
(Principal Executive Officer)
Date: August 8, 2022
By: / s/ JEFFREY P. FRITZ
Jeffrey P. Fritz
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
52
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.