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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 23, 2022, Consumer Portfolio Services, Inc. (the “Company”) announced that it has appointed Denesh “Danny” Bharwani as its Chief Financial Officer and Senior Vice President - Finance. Mr. Bharwani, 54, has been the Company’s Senior Vice President – Finance since April 2016. He was previously the Company’s Vice President – Finance from June 2002, and joined the Company as Assistant Controller in August 1997.
The Company also announced the retirement of Jeffrey P. Fritz as its Chief Financial Officer and Executive Vice President – Finance. Mr. Fritz will remain as a non-executive employee of the Company through December 31, 2022, during which time he will serve as an adviser to the Company’s senior management, with a focus on facilitating the orderly transition of his responsibilities to Mr. Bharwani.
Mr. Fritz has served as the Company’s Chief Financial Officer for well over 20 years, and the Company is very grateful for his valuable contributions.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|CONSUMER PORTFOLIO SERVICES, INC.|
|Dated: September 23, 2022||By: /s/ Denesh Bharwani|
Senior Vice President
Signing on behalf of the registrant