Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 44

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 44
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Summary Compensation Table below under the caption “Non-Equity Incentive Plan Compensation” is paid pursuant to the EMB Plan.
The EMB Plan is administered by the Compensation Committee. Among other things, the Compensation Committee selects participants in the
EMB Plan from among the Company’s executive officers and determines the performance goals, target amounts and other terms and conditions
of awards under the EMB Plan. With respect to officers other than the Chief Executive Officer, determinations of base salary and of criteria
relating to the EMB Plan are based in part on evaluations of such officers prepared by the Chief Executive Officer, which are furnished
to and discussed with the Compensation Committee.

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Under the Company’s bonus plan as applied to the year ended December
2024 the Company’s President was eligible to receive a cash bonus of up to 160% of his base salary and the executive vice presidents
were eligible to receive a cash bonus of up to 140% of their base salaries. The Chief Executive Officer was eligible to receive a cash
bonus of up to 650% of his base salary. The implementation of this element for the named executive officers for the year 2024 is discussed
below.

The Long-Term Incentive Compensation Element

The Compensation Committee may also award incentive and non-qualified stock
options under the Company’s stock option plans. Such awards are designed to assist in the retention of key executives
and management personnel and to create an incentive to create shareholder value over a sustained period of time. The Company believes
that stock options are a valuable tool in compensating and retaining employees. Because the exercise price of all options granted is equal
to or above the fair market value of the Company’s common stock on the date of grant, the option holders may realize value only
if the stock price appreciates from the price on the date the options were granted. This design is intended to focus executives on the
enhancement of shareholder value over the long term.

During the year ended December 31, 2024, the Compensation Committee did
not grant stock options to the Company’s named executive officers.

Other Elements

The Company also maintains certain broad-based employee benefit plans,
such as medical and dental insurance, and a qualified defined contribution retirement savings plan (401(k) plan), in which executive officers
are permitted to participate. Such officers participate on the same terms as non-executive personnel who meet applicable eligibility criteria,
and are subject to any legal limitations on the amounts that may be contributed or the