Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 12

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 12
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 forward all such correspondence to the designated members of the Board.

Meetings of the Board

The Board held four meetings during 2024. The Audit Committee met five
times during 2024, including at least one meeting per quarter to review the Company’s financial statements, while the Compensation
Committee met one time during 2024. The Nominating Committee met once during 2024. Each director attended at least 75% of the meetings
of the Board and its committees that such individual was eligible to attend in 2024, except that Mr. Roberts attended less than 75% of
the Board and committee meetings he was eligible to attend in 2024. The Company does not have a policy of encouraging directors to attend
or discouraging directors from attending its annual meetings of shareholders. The Chairman and Chief Executive Officer, and no other directors,
attended last year’s annual meeting of shareholders.

<div align='center'>THE BOARD RECOMMENDS A VOTE “FOR” EACH OF THE NOMINEES ABOVE.</div>

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<div align='center'>PROPOSAL NO. 2 – RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS</div>

The Audit Committee has appointed the accounting firm of Crowe to be the
Company’s independent auditors for the year ending December 31, 2025. Crowe also performed the audit of the Company’s financial
statements for the years ended December 31, 2008 through 2024.

A proposal to ratify the Audit Committee’s appointment of Crowe will
be presented to shareholders at the Annual Meeting. If the shareholders do not ratify the selection of Crowe at the Annual Meeting,
the Audit Committee will consider selecting another firm of independent public accountants. Representatives of Crowe are expected to be
present at the Annual Meeting. Such representatives will have an opportunity to make a statement if they desire to do so, and will be
available to respond to appropriate questions from shareholders in attendance.

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 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 |   |