Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 252

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 252
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, 2024.

 66 

Equity Compensation Plan Information

The table below presents information regarding
securities authorized for issuance under equity compensation plans, including the CPS 2006 Long-Term Equity Incentive Plan, as of December
31, 2024.

    Plan Category 
    Outstanding Options  
    Weighted average exercise price of Outstanding Options  
    Number of securities remaining available for future issuance under equity compensation plans 
  
    Plans approved by shareholders 
     6,097,440  
    $5.39  
     2,983,830 
  
    Plans not approved by shareholders 
     None  
     N/A  
     N/A 
  
    Total 
     6,097,440  
    $5.39  
     2,983,830 

Item 13. Certain Relationships and Related
Transactions, and Director Independence

Subordinated Notes. The Company has offered
and sold its subordinated notes in a continuous public offering. Executive officer Teri L. Robinson has purchased such notes directly
from the Company in the offering, in each case on the same terms then offered to the public generally. The largest aggregate amount of
principal outstanding on Ms. Robinson’s notes in 2024 was $459,351. The amount of principal outstanding on Ms. Robinson’s
notes as of March 10, 2025 was $212,801. In 2024, the Company paid $496,663 of principal on Ms. Robinson’s notes, which includes
principal paid more than once due to the renewal of matured notes during the year. In 2024, the Company paid $23,125 of interest at rates
fixed at the time of purchase of each note. The interest rate on Ms. Robinson’s notes ranges from 4.9% to 8.9%.

Executive officer Steve Schween purchased such
subordinated notes from the Company before he became an executive officer. The largest aggregate amount of principal outstanding on Mr.
Schween’s note in 2024 was $665,460. The amount of principal outstanding as of March 10, 2025 was $665,460. In 2024, the Company
paid $148,013 in interest at a rate fixed at the time of purchase of the note. The interest rate on the note is 12.25%.

Employment. Ms. Noel Jackson, the Company’s
Vice President of Servicing, is the