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CPSS > SEC Filings for CPSS > Form 8-K on 21-Sep-2009All Recent SEC Filings

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Form 8-K for CONSUMER PORTFOLIO SERVICES INC


21-Sep-2009

Notice of Delisting or Failure to Satisfy a Continued Listing Rul


ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.

On September 15, 2009, we received from Nasdaq a staff deficiency letter indicating that we have failed to comply with the minimum bid price requirement for continued listing on the Nasdaq Global Market. A minimum bid price of $1.00 per share is required by Nasdaq Rule 5450(a)(1).

Our common stock remains listed on the Nasdaq Global Market during the 180-day grace period following such notification of noncompliance. We have until March 15, 2010 to regain compliance with the minimum price rule; otherwise our common stock would be subject to delisting. We are considering several alternatives that could be taken to maintain a listing of our common stock.

Our press release dated September 19, 2009, attached to this report as an exhibit, is incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

One exhibit is filed with this report:

20.1 Press Release dated September 19, 2009.

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