SCHEDULE: Black Diamond Shifts Adviser Role for CPSI Stake

Black Diamond Holdings, LLLP has replaced BDCM CT, L.L.C. as the primary investment adviser for its 23.1% beneficial ownership in Consumer Portfolio Services, Inc.

Summary

• This Amendment No. 5 updates the Schedule 13D filing for Consumer Portfolio Services, Inc. (CPSI).
• Effective August 22, 2025, Black Diamond Holdings, LLLP replaced BDCM CT, L.L.C. as the primary registered investment adviser exercising investment discretion for investment vehicles holding CPSI shares.
• Stephen H. Deckoff remains the Managing Principal of Black Diamond Holdings, LLLP and continues to be a Reporting Person.
• BDCM CT, L.L.C. will no longer be a Reporting Person on this Schedule 13D.
• The Continuing Reporting Persons (Black Diamond Holdings, LLLP and Stephen H. Deckoff) beneficially own 5,127,165 shares of Common Stock.
• This ownership represents approximately 23.1% of the 22,224,186 shares outstanding as of August 8, 2025, based on the Company's Form 10-Q filed August 11, 2025.
• The Reporting Persons share voting and dispositive power over these 5,127,165 shares.
• None of the Reporting Persons have been convicted in a criminal proceeding or been party to a civil proceeding related to securities laws in the last five years.

Sentiment

Score: 5

Explanation: The filing is an administrative update regarding beneficial ownership and does not contain information that would significantly alter the perception of the issuer's financial health or operational outlook. It is neutral in sentiment.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is an administrative update regarding beneficial ownership and does not contain forward-looking statements or guidance related to the issuer's operational or financial performance.

Industry Context

This filing primarily concerns an internal restructuring of the investment advisory relationship for a significant beneficial owner of Consumer Portfolio Services, Inc. It does not provide insights into broader industry trends or competitive dynamics within the subprime auto finance sector.

Comparison to Industry Standards

• NA

Legal Proceedings

• None of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
• None of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws during the last five years.

Stakeholder Impact

• Shareholders: The change in reporting entity for a significant beneficial owner is an administrative update and does not directly impact the company's operations or financial performance. The beneficial ownership percentage remains unchanged.
• Employees, Customers, Suppliers, Creditors: No direct impact is expected as this filing pertains to the ownership structure of a major shareholder, not the operational aspects of Consumer Portfolio Services, Inc.

Next Steps

• NA

Key Dates

Keywords

Consumer Portfolio Services, CPSI, Schedule 13D, Beneficial Ownership, Black Diamond Holdings, BDCM CT, Stephen H. Deckoff, Investment Adviser, SEC Filing