Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 11

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 11
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statements of that company.

The members of the Compensation Committee are Mr. Wood (chairman), Mr.
Grounds, and Mr. Roberts. The Board has determined that each member of the Compensation Committee is independent under the Nasdaq listing
standards and a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act. The Compensation Committee
makes determinations as to general levels of compensation for all employees of the Company and the annual salary of each of the executive
officers of the Company, and administers the Company’s compensation plans. Those plans include the Company’s Executive Management
Bonus Plan and the CPS 2006 Long-Term Equity Incentive Plan, and will include the Company’s 2025 Equity Incentive Plan, if approved
by the shareholders.

The members of the Nominating Committee are Mr. Washer (chairman), Mr.
Grounds, and Mr. Rayhill. The Board has determined that each member of the Nominating Committee is independent under the Nasdaq listing
standards. Nominations for Board positions are made on behalf of the Board by the Nominating Committee. The Board and the Nominating
Committee believe that it is and remains appropriate to operate without a formal policy with regard to any director candidates who may
in the future be recommended by shareholders. The Nominating Committee would consider such recommendations.

When considering a potential nominee, the Nominating Committee considers
the benefits to the Company of such nomination, based on the nominee’s skills and experience related to managing a significant business,
the willingness and ability of the nominee to serve, and the nominee’s character and reputation. The Company does not have a policy
regarding the consideration of diversity in identifying nominees for director.

Shareholders who wish to suggest individuals for possible future consideration
for Board positions should direct written correspondence to the Secretary of the Company at the Company’s principal executive office,
indicating whether the shareholder wishes to communicate with the Nominating Committee or with the Board as a whole. The present policy
of the Company is to forward all such correspondence to the designated members of the Board. There have been no changes in the procedures
regarding shareholder recommendations in the past year.

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Shareholder Communications

Shareholders may send communications to the Board. Shareholders who wish
to communicate with the Board should direct written correspondence to the Secretary of the Company at the Company’s principal executive
office. The present policy of the Company is to