Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 15

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 15
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 officers. |

| · | The Compensation Committee has from time to time exercised its discretion to reduce cash incentives otherwise payable under the bonus plan. |

See the “Executive Compensation” section, below, for
more information.

We believe that the information provided above and within the “Executive Compensation” section of this proxy statement demonstrates that our executive compensation program was designed appropriately
and is working to ensure management’s interests are aligned with our shareholders’ interests to support long-term value creation.
We also believe the compensation paid to our executive officers during 2024 was appropriate in light of our financial performance.

Accordingly, we ask that our shareholders vote “FOR” the following
resolution, which will be presented at the Annual Meeting:

“RESOLVED, that the Company’s shareholders
approve, on an advisory basis, the compensation of the named executive officers as disclosed in the Company’s Proxy Statement for
the 2025 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including
the compensation tables and the other related disclosure.”

<div align='center'>THE BOARD RECOMMENDS A VOTE “FOR” THE ADVISORY (NON-BINDING) VOTE APPROVING NAMED EXECUTIVE OFFICER COMPENSATION.</div>

| 9 |

<div align='center'>PROPOSAL NO. 4 – APPROVAL OF THE CONSUMER PORTFOLIO SERVICES, INC. 2025 EQUITY INCENTIVE PLAN</div>

The Company’s 2006 Long-Term Equity Incentive Plan (the “2006
Equity Plan”) will terminate on April 27, 2026 and no equity awards may be granted thereafter under such plan. Accordingly, upon
the recommendation of the Compensation Committee, the Board adopted the Consumer Portfolio Services, Inc. 2025 Equity Incentive Plan (the
“2025 Equity Plan”), subject to the approval of the Company’s shareholders.

The Board believes that it is in the best interests
of the Company and its shareholders for the Company to be able to continue to offer equity awards to employees (including officers and
directors who are also employees), non-employee directors, consultants and advisors of the Company and its Subsidiaries (each a “Participant”
and collectively the “Participants”). The Board believes that equity awards are essential to attract and retain the most talented
personnel available for positions of substantial responsibility, and to promote the growth and success of the Company’s business
by (i) aligning