Consumer Portfolio Services Moves HQ to Las Vegas
Ticker: CPSS · Form: 8-K · Filed: Mar 22, 2024 · CIK: 889609
| Field | Detail |
|---|---|
| Company | Consumer Portfolio Services, Inc. (CPSS) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $50.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, filing-update
TL;DR
CPS moved its HQ from CA to NV, effective 3/22/24.
AI Summary
Consumer Portfolio Services, Inc. filed an 8-K on March 22, 2024, reporting on other events and financial statements. The filing details the company's principal executive offices are now located at 3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169, with the previous address being in Irvine, CA. This change is effective as of March 22, 2024.
Why It Matters
A change in principal executive offices can signal operational shifts or strategic realignments for the company.
Risk Assessment
Risk Level: low — The filing primarily concerns a change in the company's principal executive office location, which is a routine administrative update.
Key Players & Entities
- CONSUMER PORTFOLIO SERVICES, INC. (company) — Registrant
- March 22, 2024 (date) — Date of Report
- 3800 Howard Hughes Pkwy , Suite 1400 , Las Vegas , NV 89169 (location) — New Principal Executive Offices
- Irvine, CA (location) — Former Principal Executive Offices
FAQ
What is the new address for Consumer Portfolio Services, Inc.'s principal executive offices?
The new address for Consumer Portfolio Services, Inc.'s principal executive offices is 3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169.
When was the change in principal executive offices effective?
The change in principal executive offices was effective as of March 22, 2024.
What was the previous location of the principal executive offices?
The previous location of the principal executive offices was in Irvine, CA.
What type of filing is this 8-K report?
This 8-K report is a Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting on Other Events and Financial Statements and Exhibits.
What is the company's state of incorporation?
The company's state of incorporation is California.
Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-03-22 17:12:24
Key Financial Figures
- $50.0 million — e registrant announced the closing of a $50.0 million securitization of residual interests fr
Filing Documents
- cps_8k.htm (8-K) — 26KB
- cps_ex9901.htm (EX-99.1) — 5KB
- pressheader.jpg (GRAPHIC) — 23KB
- 0001683168-24-001644.txt ( ) — 237KB
- cpss-20240322.xsd (EX-101.SCH) — 3KB
- cpss-20240322_lab.xml (EX-101.LAB) — 34KB
- cpss-20240322_pre.xml (EX-101.PRE) — 22KB
- cps_8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On March 22, 2024, the registrant announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations secured by an 80% interest in a CPS affiliate that owns the residual interests in five CPS securitizations issued from January 2022 through January 2023. Collateral for the notes includes 80% of the amounts on deposit in the underlying spread accounts for each related securitization and 80% of the over-collateralization of each related securitization, which is the difference between the outstanding principal balance of the related receivables less the outstanding principal balance of the notes associated with the securitization. On each monthly payment date, the notes will be paid interest at the coupon rate and, if necessary, a principal payment necessary to maintain a specified minimum collateral ratio. CPS disclaims any implication that the agreements described in this report are other than agreements entered into in the ordinary course of CPS's business.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Neither financial statements nor pro forma financial information are filed with this report. (d) Exhibits One exhibit is included with this report: 99.1 News release re March 22, 2024 transaction . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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: March 22, 2024 By: /s/ Denesh Bharwani Denesh Bharwani Executive Vice President and Chief Financial Officer Signing on behalf of the registrant 2