Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1173

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 1173
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 Audit Committee are Mr. Rayhill
(chairman), Mr. Grasso, Mr. Washer, and Mr. Wood. The Board has determined that each Audit Committee member is independent as defined
under Nasdaq Listing Rules and Rule 10A-3(b)(1) of the Exchange Act.

The Audit Committee is empowered by the Board
of Directors to review the financial books and records of the Company in consultation with the Company’s accounting and auditing staff
and its independent auditors and to review with the accounting staff and independent auditors any questions that may arise with respect
to accounting and auditing policy and procedure.

The Board of Directors has further determined
that Mr. Wood has the qualifications and experience necessary to serve as an "audit committee financial expert" as such term
is defined in Item 407 of Regulation S-K promulgated by the SEC. Mr. Wood, as president of Carclo, was responsible for the preparation
and evaluation of the audited financial statements of that company.

Insider Trading Policy

The Company has adopted an insider trading policy
that governs the purchase, sale, and/or other transactions of our securities by our directors, officers and employees that we believe
is reasonably designed to promote compliance with insider trading laws, rules and regulations, and the applicable exchange listing standards.
A copy of our insider trading policy is filed as Exhibit 19 to this Annual Report on Form 10-K for the fiscal year ended December 31,
2024. In addition, with regard to the Company’s trading in its own securities, it is the Company’s policy to comply with the
federal securities laws and the applicable exchange listing standards. 

Item 11. Executive Compensation.

Compensation Committee
Interlocks and Insider Participation

The members of the Compensation Committee are
Mr. Wood (chairman), Mr. Grounds, and Mr. Roberts.

Compensation Committee Report

The Compensation Committee has reviewed and discussed
with the Company’s management the Compensation Discussion and Analysis contained in this report. Based on such review and discussions
and relying thereon, the Compensation Committee has recommended to the Company’s Board of Directors that the Compensation Discussion and
Analysis set forth below be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

THE COMPENSATION COMMITTEE

Daniel S. Wood (chairman)              William
W. Grounds              William B. Roberts

Compensation Discussion
and Analysis

2024 Say-on