SEC Form SC 13G filed by Consumer Portfolio Services, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ 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

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

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

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 investment advisory affiliates that serve as investment advisers to Black Diamond investment vehicles 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.

The principal business address of Black Diamond is 2187 Atlantic Street, 9^th Floor, Stamford, CT 06902. 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.

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

Common Stock, no par value (the “Shares”)

210502100

(e) ☒ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(g) ☒ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

As of May 31, 2021, each of the Reporting Persons may be deemed the beneficial owner of (i) 3,615,799 Shares held for the account of Black Diamond Credit Strategies Master Fund, Ltd. and (ii) 380,740 Shares held for the account of certain Black Diamond investment vehicles.

As of May 31, 2021, each of the Reporting Persons may be deemed the beneficial owner of approximately 17.6% of Shares outstanding. (There were 22,668,520 Shares outstanding as of May 3, 2021, according to the Issuer’s quarterly report on Form 10-Q, filed May 11, 2021).

BLACK DIAMOND AND MR. DECKOFF:

Not applicable.

See disclosure in Item 2 hereof.

Not applicable.

Not applicable.

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.

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
	Stephen H. Deckoff

June 10, 2021

EXHIBIT INDEX

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, 2021 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.

June 10, 2021

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