Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1693

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 9C
Chunk 1693
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, as president of Carclo, was responsible for the preparation
and evaluation of the audited financial statements of that company.

Insider Trading Policy

The Company has adopted an insider trading policy
that governs the purchase, sale, and/or other transactions of our securities by our directors, officers and employees that we believe
is reasonably designed to promote compliance with insider trading laws, rules and regulations, and the applicable exchange listing standards.
A copy of our insider trading policy is filed as Exhibit 19 to this Annual Report on Form 10-K for the fiscal year ended December 31,
2024. In addition, with regard to the Company’s trading in its own securities, it is the Company’s policy to comply with the
federal securities laws and the applicable exchange listing standards. 

Item 11. Executive Compensation.

Compensation Committee
Interlocks and Insider Participation

The members of the Compensation Committee are
Mr. Wood (chairman), Mr. Grounds, and Mr. Roberts.

Compensation Committee Report

The Compensation Committee has reviewed and discussed
with the Company’s management the Compensation Discussion and Analysis contained in this report. Based on such review and discussions
and relying thereon, the Compensation Committee has recommended to the Company’s Board of Directors that the Compensation Discussion and
Analysis set forth below be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

THE COMPENSATION COMMITTEE

Daniel S. Wood (chairman)              William
W. Grounds              William B. Roberts

Compensation Discussion
and Analysis

2024 Say-on-Pay Advisory Vote Outcome 

The Compensation Committee annually considers
the results of the most recent advisory vote by shareholders to approve executive officer compensation. In the 2024 advisory vote, a majority
of the voted shares (92%) approved of the compensation of our named executive officers. The Compensation Committee interprets
that vote as a reason to retain the existing design, purposes and structure of our executive compensation programs. The Compensation
Committee will continue to consider the results from future shareholder advisory votes regarding executive officer compensation in its
future administration of executive compensation.

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Compensation Objectives

The Company’s objectives with respect to compensation
are several. The significant objectives are to cause compensation (i) to be sufficient in total amount to provide reasonable
assurance of retaining key executives, (ii) to include a significant contingent component, so as to provide strong incentives to meet