Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1714

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 9C
Chunk 1714
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 place only if approved by the Audit Committee or by the members of the
Company’s Board of Directors who are disinterested with respect to the transaction, and independent in accordance with the standards for
director independence prescribed by Nasdaq. Such policy is maintained in writing in the charter of the Audit Committee. The Audit Committee
has given general approval to executive officer purchases of subordinated notes that are on terms and rates then available to the public,
including the purchases by Ms. Robinson. The transactions with Mr. Schween were not subject to approval because they were entered into
before Mr. Schween was an executive officer. The repurchases by the Company from Mr. Bradley were made pursuant to the Company’s stock
repurchase program but were not preapproved. The Audit Committee subsequently ratified the Company’s transactions with Mr. Bradley.

The nine directors of the Company are Charles
E. Bradley, Jr., Stephen H. Deckoff, Louis M. Grasso, William W. Grounds, Brian J. Rayhill, William B. Roberts, James E. Walker III,
Gregory S. Washer, and Daniel S. Wood, of whom Messrs. Rayhill, Grasso, Washer, and Wood compose the Audit Committee. The Board of Directors
has concluded that other than Mr. Bradley (who is the Company’s chief executive officer), each of the other eight directors is independent
in accordance with the director independence standards prescribed by Nasdaq, and has determined that none of them has a material relationship
with the Company that would impair his independence from management or otherwise compromise his ability to act as an independent director.

Item 14. Principal Accounting Fees and Services

Fees Paid to Auditors

The following table sets forth the fees accrued
or paid to the Company’s independent registered public accounting firms for the years ended December 31, 2024 and 2023. Crowe LLP
has served as the Company’s independent registered public accounting firm since February 2009, and has reported on the Company’s
financial statements for the years ended December 31, 2008 through 2024.

    Audit and Non-Audit Fees 
    2023  
    2024 
  
    Audit Fees (1) 
    $960,000  
    $1,000,000 
  
    Audit-Related Fees (2) 
     240,850  
     169,300 
  
    Tax Fees (3) 
     296,000  
     304,000