Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 239

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 239
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 policy,
we remind all Company executive officers of the mandatory legal prohibition on selling short company shares and the implications of the
SEC’s short-swing profit rule. We also prohibit Company executive officers from entering into transactions that would have the
effect of causing those individuals to benefit from a decline in the price of the Company stock, such as the purchase of “put”
options. We prohibit such “hedging” transactions but we do not find it appropriate to prohibit our executive officers from
pledging their shares of Company stock as security for a loan. We believe that the beneficial incentives of owning Company stock remain
substantially the same with or without such a pledge.

Summary of Compensation

The following table summarizes all compensation
earned during the three fiscal years ended December 31, 2024 by the Company’s chief executive officer, its chief financial officer, and
the other three most highly compensated individuals (such five individuals, the “named executive officers”) who were serving
in such position or as executive officers at any time in 2024. It lists their names, their principal positions in which they served in
those years, and each component of compensation paid with respect to those years.

 58 

Summary Compensation Table

    Name and Principal Position (1) 
    Year  
    Salary  
    Non-Equity Incentive Plan Compensation (2)  
    Option Awards (3)  
    All Other Compen- sation (4)  
    Total 
  
    Charles E. Bradley, Jr. 
     2024  
    $995,000  
    $–  
    $–  
    $40,611  
    $1,035,611 
  
    Chief Executive Officer 
     2023  
     995,000  
     3,005,000  
     –  
     342  
     4,000,342 

     2022  
     995,000  
     3,980,000  
     5,885,850  
     351  
     10,861,201 

    Michael T. Lavin 
     2024  
     470,000  
     –  
     –  
     47,158  
     517,158 
  
    President 
     2023  
     452,000  
     582,063