0000905148-19-000631.txt : 20190610 0000905148-19-000631.hdr.sgml : 20190610 20190610114055 ACCESSION NUMBER: 0000905148-19-000631 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190610 DATE AS OF CHANGE: 20190610 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSUMER PORTFOLIO SERVICES INC CENTRAL INDEX KEY: 0000889609 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 330459135 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43172 FILM NUMBER: 19888012 BUSINESS ADDRESS: STREET 1: 19500 JAMBOREE ROAD CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 9497536800 MAIL ADDRESS: STREET 1: 19500 JAMBOREE ROAD CITY: IRVINE STATE: CA ZIP: 92612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. CENTRAL INDEX KEY: 0001282197 IRS NUMBER: 364054516 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE SOUND SHORE DRIVE STREET 2: SUITE 200 CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-552-0888 MAIL ADDRESS: STREET 1: ONE SOUND SHORE DRIVE STREET 2: SUITE 200 CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: BLACK DIAMOND CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20040301 SC 13G 1 efc19-416_sc13g.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

 

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. )*
 
CONSUMER PORTFOLIO SERVICES INC.
 (Name of Issuer)
 
Common Stock, no par value
 (Title of Class of Securities)
 
210502100
 (CUSIP Number)
 
May 31, 2019
 (Date of Event which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[ X ] Rule 13d-1(b)
 
[    ] Rule 13d-1(c)
 
[    ] Rule 13d-1(d)
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

Continued on following pages
Page 1 of 8 Pages
Exhibit Index: Page 7

 
SCHEDULE 13G
  
     
CUSIP No. 2105021000
 
Page 2 of 8 Pages

1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 0
 
 
 
 
6
SHARED VOTING POWER
 
 
 2,593,162
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 2,593,162
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 2,593,162
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 11.7%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 OO, IA
 
 
 
 


 
SCHEDULE 13G
  
     
CUSIP No. 2105021000
 
Page 3 of 8 Pages

1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
STEPHEN H. DECKOFF
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    
(a)☐
    
(b)☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 0
 
 
 
 
6
SHARED VOTING POWER
 
 
 2,593,162
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 2,593,162
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 2,593,162
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 11.7%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN, HC
 
 
 
 




 
Page 4 of 8 Pages

Item 1(a).
Name of Issuer

Consumer Portfolio Services, Inc. (the “Issuer” or the “Company”)

Item 1(b).
Address of Issuer’s Principal Executive Offices

The Company’s principal executive offices are located at 3800 Howard Hughes Parkway, Suite 1400, Las Vegas, Nevada 89169.

Item 2(a).
Name of Person Filing

This statement is filed by Black Diamond Capital Management, L.L.C. (“Black Diamond”) and Stephen H. Deckoff (“Mr. Deckoff”). Black Diamond and Mr. Deckoff are each referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Black Diamond exercises investment discretion on behalf of an investment advisory affiliate that serves as investment adviser to a Black Diamond investment vehicle for whose account the Shares reported herein are held. Mr. Deckoff is the Managing Principal of Black Diamond. Black Diamond and Mr. Deckoff accordingly may be deemed to be the beneficial owner of all of the Shares reported herein. The agreement among the Reporting Persons to file this statement jointly in accordance with Rule 13d-1(k) of the Act is attached as Exhibit A to this statement.

Item 2(b).
Address of Principal Business Office or, if None, Residence:

The principal business address of Black Diamond is One Sound Shore Drive, Suite 200, Greenwich, CT 06830. The principal business address of Mr. Deckoff is c/o Black Diamond Capital Management, L.L.C., 5330 Yacht Haven Grande, Suite 100, St. Thomas, U.S. Virgin Islands 00802.
 
Item 2(c).
Citizenship:

Black Diamond is a Delaware limited liability company.  Mr. Deckoff is a citizen of the United States of America.

Item 2(d).
Title of Class of Securities:
 
Common Stock, no par value (the “Shares”)

Item 2(e).
CUSIP Number:

210502100

Item 3.
If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),             Check Whether the Person Filing is a:

(e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
(g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
Page 5 of 8 Pages

Item 4.
Ownership:
Item 4(a)
Amount Beneficially Owned:

As of May 31, 2019, each of the Reporting Persons may be deemed the beneficial owner of 2,593,162 Shares held for the account of Black Diamond Credit Strategies Master Fund, Ltd.

Item 4(b)
Percent of Class:

As of May 31, 2019, each of the Reporting Persons may be deemed the beneficial owner of approximately 11.7% of Shares outstanding. (There were 22,149,142 Shares outstanding as of May 2, 2019, according to the Issuer’s quarterly report on Form 10-Q, filed May 8, 2019).
 
Item 4(c)
Number of Shares as to which such person has:

BLACK DIAMOND AND MR. DECKOFF:
(i) Sole power to vote or direct the vote:
                                                   0
(ii) Shared power to vote or direct the vote:
                                     2,593,162
(iii) Sole power to dispose or direct the disposition of:
0
(iv) Shared power to dispose or direct the disposition of:
   2,593,162
 
Item 5.
Ownership of Five Percent or Less of a Class:

Not applicable.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

Black Diamond Credit Strategies Master Fund, Ltd. (and its investment adviser, Black Diamond Credit Strategies Fund Adviser, L.L.C.) has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

See disclosure in Item 2 hereof.

Item 8.
Identification and Classification of Members of the Group:

Not applicable.

Item 9.
Notice of Dissolution of Group:

Not applicable.

Item 10.
Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
 
Page 6 of 8 Pages

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

  BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.  
       

By:
/s/ Stephen H. Deckoff  
    Name: Stephen H. Deckoff  
    Title:   Managing Principal  
       

  STEPHEN H. DECKOFF  
       


/s/ Stephen H. Deckoff  

 
June 10, 2019
 
 

 
Page 7 of 8 Pages

EXHIBIT INDEX
 
Ex.
  
Page No.
A
Joint Filing Agreement
8


 
Page 8 of 8 Pages

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Consumer Portfolio Services, Inc. dated as of June 10, 2019 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.


 BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.  
       

By:
/s/ Stephen H. Deckoff  
    Name: Stephen H. Deckoff  
    Title:   Managing Principal  
       

  STEPHEN H. DECKOFF  
       


/s/ Stephen H. Deckoff  

 
June 10, 2019