Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 483

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1C
Chunk 483
---
 342  
     799,748 
  
      - Sales & Originations 
     2022  
     368,000  
     401,000  
     298,800  
     351  
     1,068,151 

    Christopher Terry 
     2024  
     374,000  
     –  
     –  
     9,534  
     383,534 
  
    Executive Vice President 

      - Risk, Systems & IT 

    (1)
    Mr. Terry qualified as a named executive officer pursuant to Item 402 of Regulation S-K beginning for the year 2024.
  
    (2)
    The amount of the Non-Equity Incentive Plan Compensation
    award for 2024 is expected to be determined by the end of June 2025. Such amount, when finally determined, will be disclosed in a
    filing under Item 5.02(f) of Form 8-K.
  
    (3)
    Represents the dollar value accrued for financial accounting purposes in connection with the grant of such options, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 and SFAS 123R. Value was estimated using a Black-Scholes model for 2022. For the options granted on January 24, 2022, (comprising 750,000 options granted to Mr. Bradley),  the weighted average fair value per option was $5.8558, based on assumptions of 4.11 years expected life, expected volatility of 75.26%, and a risk-free rate of 1.43%. For the options granted on June 24, 2022, (comprising all of the other options granted to named executive officers in 2022), the weighted average fair value per option was $4.98, based on assumptions of 4.11 years expected life, expected volatility of 75.15%, and a risk-free rate of 3.13%.  

    (4)
    For 2024, includes premiums paid by the Company for group life insurance and employer matching contributions under the Company’s defined contribution plan. Additionally, the amounts include a (i) cash-out of accrued vacation time of $38,269, $26,423 and $22,269 to Messrs. Bradley, Lavin, and Bharwani and (ii) a car