Company: CPSS
Filing Date: 2025-11-25
Form Type: 8-K
Source: 0001683168-25-008677
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Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-11-25
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of                                     

At the annual meeting
of shareholders of Consumer Portfolio Services, Inc. (the “ Company”) on November 19, 2025 (the “ Annual Meeting”),
the Company’s shareholders approved the Consumer Portfolio Services, Inc. 2025 Equity Incentive Plan (the “2025 Plan”).
The 2025 Plan provides for the award to employees (including officers and directors who are also employees), non-employee directors, consultants
and advisors to the Company or any of its subsidiaries of stock options (including nonqualified stock options and incentive stock options),
stock appreciation rights, restricted stock, restricted stock units, performance stock units, performance units, and other awards based
on or related to shares of common stock up to an aggregate of (a) 4,501,330 shares of the Company’s common stock, plus (b) the number
of shares of common stock that, as of the effective date of the 2025 Plan, are subject to awards granted under the CPS 2006 Long-Term
Equity Incentive Plan (the “2006 Plan”) and that, on or after the effective date of the 2025 Plan, are forfeited, surrendered,
terminated (other than by exercise), cancelled, lapsed or reacquired by the Company prior to vesting, without the delivery of any shares
of common stock, and otherwise comply with the recycling provisions of the 2006 Plan and 2025 Plan. The foregoing summary is qualified
in its entirety by reference to the 2025 Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

The Compensation Committee
of our board of directors approved a new Form of Stock Option Award Agreement for grants under the 2025 Plan, which is attached hereto
as Exhibit 10.2 and is incorporated herein by reference.