Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
During the three months ended September 30, 2022,
we repurchased 678,911 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
Shares Purchased as Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs
Value of Shares that Approximate
Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (2)
July 2022
400,011
$ 11.23
400,011
$ 15,599,147
August 2022
6,000
$ 11.30
6,000
$ 15,531,377
September 2022
272,900
$ 9.63
272,900
$ 12,903,598
Total
678,911
$ 10.59
678,911
____________________
(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 September 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. *
101.INS
Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH
Inline XBRL Taxonomy Extension Schema Document
101.CAL
Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase Document
104
Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101).
* 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.
45
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: November 14, 2022
By:
/s/ CHARLES E. BRADLEY, JR.
Charles E. Bradley, Jr.
President and Chief Executive
Officer
(Principal Executive Officer)
Date: November 14, 2022
By:
/s/ DENESH
BHARWANI
Denesh Bharwani
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
46
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.