Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 603

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 603
---
 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 allowance of $16,077 and $20,260 for Messrs. Lavin and Bharwani and (iii) gym membership fees of $2,316 for Mr. Lavin. 

 59 

Grants of Plan-Based Awards in Last Fiscal
Year

In the year ended December 31, 2024, we did not
grant any options, stock awards, or stock appreciation rights to any of our named executive officers.

Our named executive officers are eligible for
awards under our Executive Management Bonus Plan, which are expected to be determined by the end of June 2025. The table below provides
information regarding the awards for which the named executive officers are eligible for the year 2024.

Grants of Plan-Based Awards

    Estimated future payouts under non-equity incentive plan awards 
  
    Name 
    Threshold  
    Target  
    Maximum 
  
    Mr. Bradley 
    $–  
    $5,970,000  
    $5,970,000 
  
    Mr. Lavin 
     –  
     799,000  
     799,000 
  
    Mr. Bharwani 
     –  
     540,400  
     540,400 
  
    Ms. Robinson 
     –  
     540,400  
     540,400 
  
    Mr. Terry 
     –  
     523,600  
     523,600 

The “target” and “maximum”
figures appearing in the table above represent the maximum cash payout under the individual executives’ Executive Management
Bonus Plan awards as of the date the incentive was fixed. The chief executive officer, Mr. Bradley, is eligible to receive a cash bonus
of up to 600% of his base salary. The Company’s president, Mr. Lavin, is eligible to receive a cash bonus of up to 170% of his base
salary. The other named executive officers, as executive vice presidents, are eligible to receive a cash bonus of up to 140% of their
base salaries. The actual payout to each individual named in the table above