Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 481

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1C
Chunk 481
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 Committee does
not have a policy or practice of taking into account  material nonpublic information when determining the timing and
terms of option awards, however if a public announcement of material information is anticipated, the grant date of such options may
be deferred at the discretion of the Committee, until after the release
of such information. The
Company does
not time the disclosure of material nonpublic information for the purpose of affecting the value of executive
compensation.

Stock Ownership, Hedging and Pledging

Our Board of Directors and Compensation Committee
have considered whether to establish a minimum stock ownership goal for members of our senior management. We have elected not to do so,
considering that such a policy would either be strict and mandatory, in which case it would undermine the compensatory objectives of our
equity compensation plans, or would be merely hortatory, in which case it could be expected to have little effect. We’ve also noted
that the multiyear vesting terms of the equity incentives granted under our plans have the effect of aligning our executives’ individual
personal financial incentives with the future price performance of the Company’s stock.

As part of our comprehensive compliance policy,
we remind all Company executive officers of the mandatory legal prohibition on selling short company shares and the implications of the
SEC’s short-swing profit rule. We also prohibit Company executive officers from entering into transactions that would have the
effect of causing those individuals to benefit from a decline in the price of the Company stock, such as the purchase of “put”
options. We prohibit such “hedging” transactions but we do not find it appropriate to prohibit our executive officers from
pledging their shares of Company stock as security for a loan. We believe that the beneficial incentives of owning Company stock remain
substantially the same with or without such a pledge.

Summary of Compensation

The following table summarizes all compensation
earned during the three fiscal years ended December 31, 2024 by the Company’s chief executive officer, its chief financial officer, and
the other three most highly compensated individuals (such five individuals, the “named executive officers”) who were serving
in such position or as executive officers at any time in 2024. It lists their names, their principal positions in which they served in
those years, and each component of compensation paid with respect to those years.

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Summary Compensation Table

    Name and Principal Position (1) 
    Year  
    Salary  
    Non-Equity Incentive Plan