Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 51

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 51
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 a material cybersecurity incident it is reasonably likely to materially affect
us, including our business strategy, results of operations, or financial condition. For more information, please see Item 1A. Risk Factors
of this Report, including the risk factors titled “If We Experience Problems with Our Originations, Accounting or Collection Systems,
Our Results of Operations May Be Impaired” and “A Breach in the Security of Our Systems Could Result in the Disclosure of
Confidential Information, or Subject us to Liability.”

Governance 

The Senior Vice President
of Systems and the Vice President of IT are responsible for assessing and managing material risks from cybersecurity threats through the
implementation of the Company’s information security policies and processes. The Senior Vice President of Systems has over 20 years
in IT and cybersecurity experience with the Company. The Vice of President IT has over 15 years in IT and cybersecurity experience with
the Company and has earned industry certifications in IT. The Senior Vice President of Systems and the Vice President of IT report to
the Executive Vice President of Risk, Systems, and IT.

The Senior Vice President
of Systems and the Vice President of IT work directly with the internal and external IT personnel to implement our information security
policies and processes, including those described in the “Risk Management and Strategy” above. They are informed about and
monitor the prevention, detection, mitigation, and remediation or prevention of cybersecurity incidents through those processes. They
regularly report on the status of these matters to the Executive Vice President of Risk, Systems, and IT.

The Board, as a whole, is
responsible for risk oversight, including cybersecurity risk. As part of this oversight, the Executive Vice President of Risk, Systems,
and IT reports to the Board annually on the status of and developments in the Company’s information security policies and processes.

Item 2.  Properties

Our principal executive offices
are located in Las Vegas, Nevada, where we currently lease approximately 45,000 square feet of general office space from an unaffiliated
lessor. The annual base rent is approximately $1.6 million through 2029.

Our operating headquarters
are located in Irvine, California, where we currently lease approximately 69,000 square feet of general office space from an unaffiliated
lessor. The annual base rent is approximately $2.5 million through 2029.

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The remaining three regional
servicing centers occupy a total of approximately 65,000 square feet of leased space in Chesapeake