[SCHEDULE 13D/A] Consumer Portfolio Services SEC Filing
Amendment No. 5 to Schedule 13D reports that Black Diamond Holdings, LLLP and Stephen H. Deckoff replaced BDCM CT, L.L.C. as the primary registered investment adviser exercising investment discretion over accounts holding Consumer Portfolio Services, Inc. common stock. The Continuing Reporting Persons report beneficial ownership of 5,127,165 shares, representing approximately 23.1% of the company's outstanding common stock based on 22,224,186 shares outstanding as of August 8, 2025. The filing notes shared voting and dispositive power over these shares and attaches a joint filing agreement as Exhibit G.
Emendamento n. 5 al Schedule 13D segnala che Black Diamond Holdings, LLLP e Stephen H. Deckoff hanno sostituito BDCM CT, L.L.C. come consulente di investimento registrato principale con discrezionalit脿 sugli account titolari di azioni ordinarie di Consumer Portfolio Services, Inc. I soggetti che continuano a presentare la segnalazione dichiarano una partecipazione beneficiaria pari a 5.127.165 azioni, che rappresentano approssimativamente il 23,1% del capitale sociale ordinarie in circolazione, basato su 22.224.186 azioni in circolazione al 8 agosto 2025. La comunicazione indica che i diritti di voto e dispositivi su tali azioni sono condivisi e allega un accordo di deposito congiunto come Exhibit G.
Enmienda n.潞 5 al Schedule 13D informa que Black Diamond Holdings, LLLP y Stephen H. Deckoff sustituyeron a BDCM CT, L.L.C. como asesor de inversiones registrado principal con discreci贸n de inversi贸n sobre las cuentas que poseen acciones ordinarias de Consumer Portfolio Services, Inc. Las Personas Informantes Continuas declaran propiedad beneficiaria de 5.127.165 acciones, que representan aproximadamente el 23,1% del capital social ordinario en circulaci贸n, con base en 22.224.186 acciones en circulaci贸n al 8 de agosto de 2025. La presentaci贸n se帽ala que los poderes de voto y disposicional sobre dichas acciones son compartidos y adjunta un acuerdo de presentaci贸n conjunta como Exhibit G.
Schedule 13D 靾橃爼靹� 鞝�5順�電� Black Diamond Holdings, LLLP鞕� Stephen H. Deckoff臧� Consumer Portfolio Services, Inc.鞚� 氤错喌欤茧ゼ 氤挫湢頃� 瓿勳鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橂姅 欤检殧 霌彪 韴瀽鞛愲靷靹� BDCM CT, L.L.C.毳� 雽�觳错枅雼り碃 氤搓碃頃╇媹雼�. 瓿勳啀 氤搓碃頃橂姅 鞛愲摛鞚� 5,127,165欤茧ゼ 靾橃澋鞝侅溂搿� 氤挫湢頃橁碃 鞛堨潓鞚� 氤搓碃頃橂┌, 鞚措姅 2025雲� 8鞗� 8鞚� 旮办 氚滍枆欤检嫕靾� 22,224,186欤茧ゼ 旮办鞙茧 須岇偓 氚滍枆 氤错喌欤检潣 鞎� 23.1%鞐� 頃措嫻頃╇媹雼�. 鞁犼碃靹滊姅 頃措嫻 欤检嫕鞐� 雽�頃� 鞚橁舶甓� 氚� 觳橂秳甓岇澊 瓿惦彊鞙茧 頄夓偓霅滊嫟瓿� 氇呾嫓頃橁碃 瓿惦彊 鞝滌稖 瓿勳暯靹�(Exhibit G)毳� 觳秬頃╇媹雼�.
Avenant n掳5 au Schedule 13D indique que Black Diamond Holdings, LLLP et Stephen H. Deckoff ont remplac茅 BDCM CT, L.L.C. en tant que conseiller en investissement enregistr茅 principal exer莽ant la discr茅tion d'investissement sur des comptes d茅tenant des actions ordinaires de Consumer Portfolio Services, Inc. Les personnes continuant les d茅clarations rapportent une propri茅t茅 b茅n茅ficiaire de 5 127 165 actions, repr茅sentant environ 23,1% du capital social ordinaire en circulation, sur la base de 22 224 186 actions en circulation au 8 ao没t 2025. Le d茅p么t pr茅cise que les pouvoirs de vote et de disposition sur ces actions sont partag茅s et joint un accord de d茅p么t conjoint en tant qu'Exhibit G.
脛nderung Nr. 5 zu Schedule 13D berichtet, dass Black Diamond Holdings, LLLP und Stephen H. Deckoff BDCM CT, L.L.C. als den prim盲ren registrierten Investmentberater ersetzt haben, der die Anlageentscheidung f眉r Konten aus眉bt, die Stammaktien von Consumer Portfolio Services, Inc. halten. Die fortlaufend berichtenden Personen geben eine wirtschaftliche Beteiligung von 5.127.165 Aktien an, was etwa 23,1% des ausstehenden Stammkapitals entspricht, basierend auf 22.224.186 ausstehenden Aktien zum 8. August 2025. Die Einreichung weist darauf hin, dass Stimm- und Verf眉gungsmacht 眉ber diese Aktien geteilt werden, und f眉gt eine gemeinsame Einreichungsvereinbarung als Exhibit G bei.
- Continuing Reporting Persons disclose a large stake: 5,127,165 shares representing 23.1% of outstanding common stock
- Clear disclosure of adviser change: Black Diamond replaced BDCM CT as primary registered investment adviser, improving reporting clarity
- Joint Filing Agreement filed (Exhibit G) formalizes the reporting relationship among the Reporting Persons
- None.
Insights
TL;DR: A single investor group now reports shared control of 23.1% of CPSS, a material ownership stake that can influence governance and strategic outcomes.
The amendment documents a change in the registered investment adviser relationship: Black Diamond Holdings and its Managing Principal, Stephen Deckoff, are the continuing reporting persons and may be deemed to beneficially own 5,127,165 shares (23.1%). For investors, a nearly quarter-sized stake is material because it confers meaningful voting influence and potential to affect board composition or corporate actions. The filing is procedural in nature but discloses a concentration of ownership that market participants will view as impactful.
TL;DR: Ownership consolidation under Black Diamond and Deckoff increases clarity on who holds voting discretion for a 23.1% stake in CPSS.
The Schedule 13D amendment replaces BDCM CT with Black Diamond as the primary adviser exercising investment discretion, with Mr. Deckoff identified as Managing Principal. The disclosure of shared voting and dispositive power over 5,127,165 shares is significant for governance monitoring: it clarifies the responsible decision-makers and formalizes their reporting obligations via the attached joint filing agreement. This transparency is material for governance assessments and shareholder engagement considerations.
Emendamento n. 5 al Schedule 13D segnala che Black Diamond Holdings, LLLP e Stephen H. Deckoff hanno sostituito BDCM CT, L.L.C. come consulente di investimento registrato principale con discrezionalit脿 sugli account titolari di azioni ordinarie di Consumer Portfolio Services, Inc. I soggetti che continuano a presentare la segnalazione dichiarano una partecipazione beneficiaria pari a 5.127.165 azioni, che rappresentano approssimativamente il 23,1% del capitale sociale ordinarie in circolazione, basato su 22.224.186 azioni in circolazione al 8 agosto 2025. La comunicazione indica che i diritti di voto e dispositivi su tali azioni sono condivisi e allega un accordo di deposito congiunto come Exhibit G.
Enmienda n.潞 5 al Schedule 13D informa que Black Diamond Holdings, LLLP y Stephen H. Deckoff sustituyeron a BDCM CT, L.L.C. como asesor de inversiones registrado principal con discreci贸n de inversi贸n sobre las cuentas que poseen acciones ordinarias de Consumer Portfolio Services, Inc. Las Personas Informantes Continuas declaran propiedad beneficiaria de 5.127.165 acciones, que representan aproximadamente el 23,1% del capital social ordinario en circulaci贸n, con base en 22.224.186 acciones en circulaci贸n al 8 de agosto de 2025. La presentaci贸n se帽ala que los poderes de voto y disposicional sobre dichas acciones son compartidos y adjunta un acuerdo de presentaci贸n conjunta como Exhibit G.
Schedule 13D 靾橃爼靹� 鞝�5順�電� Black Diamond Holdings, LLLP鞕� Stephen H. Deckoff臧� Consumer Portfolio Services, Inc.鞚� 氤错喌欤茧ゼ 氤挫湢頃� 瓿勳鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橂姅 欤检殧 霌彪 韴瀽鞛愲靷靹� BDCM CT, L.L.C.毳� 雽�觳错枅雼り碃 氤搓碃頃╇媹雼�. 瓿勳啀 氤搓碃頃橂姅 鞛愲摛鞚� 5,127,165欤茧ゼ 靾橃澋鞝侅溂搿� 氤挫湢頃橁碃 鞛堨潓鞚� 氤搓碃頃橂┌, 鞚措姅 2025雲� 8鞗� 8鞚� 旮办 氚滍枆欤检嫕靾� 22,224,186欤茧ゼ 旮办鞙茧 須岇偓 氚滍枆 氤错喌欤检潣 鞎� 23.1%鞐� 頃措嫻頃╇媹雼�. 鞁犼碃靹滊姅 頃措嫻 欤检嫕鞐� 雽�頃� 鞚橁舶甓� 氚� 觳橂秳甓岇澊 瓿惦彊鞙茧 頄夓偓霅滊嫟瓿� 氇呾嫓頃橁碃 瓿惦彊 鞝滌稖 瓿勳暯靹�(Exhibit G)毳� 觳秬頃╇媹雼�.
Avenant n掳5 au Schedule 13D indique que Black Diamond Holdings, LLLP et Stephen H. Deckoff ont remplac茅 BDCM CT, L.L.C. en tant que conseiller en investissement enregistr茅 principal exer莽ant la discr茅tion d'investissement sur des comptes d茅tenant des actions ordinaires de Consumer Portfolio Services, Inc. Les personnes continuant les d茅clarations rapportent une propri茅t茅 b茅n茅ficiaire de 5 127 165 actions, repr茅sentant environ 23,1% du capital social ordinaire en circulation, sur la base de 22 224 186 actions en circulation au 8 ao没t 2025. Le d茅p么t pr茅cise que les pouvoirs de vote et de disposition sur ces actions sont partag茅s et joint un accord de d茅p么t conjoint en tant qu'Exhibit G.
脛nderung Nr. 5 zu Schedule 13D berichtet, dass Black Diamond Holdings, LLLP und Stephen H. Deckoff BDCM CT, L.L.C. als den prim盲ren registrierten Investmentberater ersetzt haben, der die Anlageentscheidung f眉r Konten aus眉bt, die Stammaktien von Consumer Portfolio Services, Inc. halten. Die fortlaufend berichtenden Personen geben eine wirtschaftliche Beteiligung von 5.127.165 Aktien an, was etwa 23,1% des ausstehenden Stammkapitals entspricht, basierend auf 22.224.186 ausstehenden Aktien zum 8. August 2025. Die Einreichung weist darauf hin, dass Stimm- und Verf眉gungsmacht 眉ber diese Aktien geteilt werden, und f眉gt eine gemeinsame Einreichungsvereinbarung als Exhibit G bei.
FAQ
Who filed the Schedule 13D/A for Consumer Portfolio Services, Inc. (CPSS)?
How many CPSS shares do the reporting persons beneficially own?
Why was Amendment No. 5 filed?
What voting and dispositive powers are reported?
On what share count is the 23.1% figure based?
