Monitor the say-on-pay vote outcome given the 62% approval last year and the significant decline in net income and TSR. The CEO's bonus structure (720% of base salary maximum) and actual payout (330%) may face increased scrutiny from shareholders.
Price Chart
Executive Summary
Consumer Portfolio Services, Inc. filed its definitive proxy statement for the 2026 Annual Meeting of Shareholders, scheduled for October 27, 2026. The filing seeks shareholder votes on the election of nine director nominees, ratification of Crowe LLP as independent auditors, and an advisory say-on-pay vote on named executive officer compensation. Key governance items include the appointment of Scott W. Carnahan as a new director, a 62% say-on-pay approval rate from the prior year, and significant related-party transactions including stock repurchases from the CEO and a director.
Key Facts
- Annual Meeting scheduled for October 27, 2026; record date September 21, 2026.
- 21,905,185 shares of common stock outstanding as of record date.
- Board recommends FOR all nine director nominees, ratification of Crowe LLP, and advisory say-on-pay approval.
- 2025 say-on-pay vote received 62% approval from voted shares.
- CEO Charles E. Bradley, Jr. received total compensation of $5,439,647 in 2025, including $995,000 salary and $3,283,500 non-equity incentive plan compensation.
- CEO's maximum bonus opportunity was 720% of base salary; actual payout was $3,283,500 (330% of base salary).
- Net income declined from $45,343,000 in 2023 to $19,325,000 in 2025.
- Total shareholder return (TSR) for a $100 investment: $105.42 in 2025, down from $122.71 in 2024.
- Black Diamond Capital Management beneficially owns 23.4% of shares; CEO Bradley owns 25.3%.
- Insider trading compliance: three late filings noted for executive officers in 2025.
- Director Stephen H. Deckoff attended less than 75% of Board and committee meetings in 2025.
- Related-party transactions include stock repurchases from CEO Bradley ($1,182,500 in August 2026) and former director Roberts ($990,000 in May 2026).
- CEO's sister, Noel Jackson, is an executive officer (SVP of Asset Recovery) with 2025 base salary of $201,000.
- Audit fees for 2025 were $1,000,000; total fees to Crowe LLP were $1,475,850.
Financial Impact
Net income declined from $45.3M in 2023 to $19.3M in 2025; TSR fell from $122.71 to $105.42 per $100 invested over the same period. CEO total compensation rose from $4.0M in 2023 to $5.4M in 2025.
Risk Factors
- Declining net income and TSR may lead to increased shareholder dissent on say-on-pay.
- Concentrated insider ownership (63.8% by directors and officers) limits minority shareholder influence.
- Related-party stock repurchases from CEO and directors raise governance concerns.
- Director attendance issues (Deckoff below 75%) could signal governance weaknesses.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001683168-26-007507 |
| Document: 0001683168-26-007507-index-headers.html | 0001683168-26-007507 |
| Document: 0001683168-26-007507.txt | 0001683168-26-007507 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.30 (−6.06%) |
Oct 22, 2026 4d ago | Press Release | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.30 (−6.06%) |
Oct 22, 2026 4d ago | Press Release | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.30 (+0.54%) |
Oct 21, 2026 5d ago | 8-K | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.30 (+0.54%) |
Oct 19, 2026 7d ago | Court Ruling | $8.97 $8.97 | · 0.00% | ▼ −0.53% | $9.30 (+3.68%) |
Oct 13, 2026 13d ago | 8-K | $9.07 $9.17 | ▲ +1.10% | ▲ +0.82% | $9.30 (+2.54%) |
Sep 30, 2026 26d ago | DEF 14A | $9.33 $9.09 | ▼ −2.57% | ▼ −3.31% | $9.30 (−0.32%) |
Sep 3, 2026 7w ago | Insider Cluster | $8.81 $9.40 | ▼ −6.70% | ▼ −7.08% | $9.30 (−5.56%) |
Aug 21, 2026 9w ago | 8-K | $9.30 $9.16 | ▼ −1.51% | ▼ −1.21% | $9.30 (+0.00%) |
Aug 4, 2026 11w ago | Press Release | $9.18 $9.57 | ▲ +4.25% | ▲ +4.41% | $9.30 (+1.31%) |
US Market Status
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