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Consumer Portfolio Services Reports Discussions With Black Diamond Capital Management, L.L.C.

Globe Newswire - Fri Apr 1, 2022

LAS VEGAS, Nevada, April 01, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (the “Company”) today reported on discussions between its executive officers and representatives of Black Diamond Capital Management L.L.C. (“Black Diamond”). In those discussions, Black Diamond proposed that the Company should nominate Stephen H. Deckoff and James E. Walker III (together, the “Nominees”) for election to the Company’s Board of Directors (the “Board”). The Company’s chief executive officer, Charles E. Bradley, Jr., announced his endorsement of the Nominees for election at the Company’s 2022 annual meeting of shareholders.

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