Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 50

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 50
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Officer was thus 385%, which would imply a bonus payment under our Executive Management Bonus Plan of $3,830,750. The Committee elected
to pay a bonus less than the maximum percentage, in the amount of $3,130,000, representing 314.57% of the Chief Executive Officer’s
base salary.

The Executive Management Bonus Plan awards granted to the named executive
officers other than the Chief Executive Officer are evaluated on a more subjective basis, and were set by the Compensation Committee in
consultation with and on the recommendation of the Chief Executive Officer. The factors used in determining the non-equity incentive plan
payment amount for the executive vice presidents of the Company, including the named executive officers Mr. Bharwani, Ms. Robinson, and
Mr. Terry, are: (I) skills and performance, 35%, (II) one individual objective, 14%, (III) subjective evaluation of that executive’s
department, 42%, (IV) Company performance, 28% and (V) discretionary allocation recommended by the chief executive officer and approved
by the Compensation Committee, 21%, representing a maximum payment amount of 140% of base compensation. The same factors are used in determining
the non-equity incentive plan payment amount for the President, Mr. Lavin, and the numerical scores assigned to each of these factors
are 40%, 16%, 48%, 32%, and 24%, respectively, representing a maximum payment amount of 160% of base compensation for the president.

Following the end of the year 2024, our Compensation Committee evaluated
each named executive officer’s performance in relation to these standards and goals.

With respect to the individual factors, the Compensation Committee, acting
in part on the advice of our Chief Executive Officer, determined that creditable performance for 2024 for each named executive officer
other than the Chief Executive Officer was as set forth below:

|              |     | Maximum    
 percentage |     |   |     | Creditable percentage (rounded to nearest tenth) |        |   |     | Base Salary |         |     | Result (rounded to nearest $1000) |         |
|:-------------|:----|:-----------|----:|:--|:----|:-------------------------------------------------|-------:|:--|:----|:------------|--------:|:----|:----------------------------------|--------:|
| Mr. Lavin    |     |            | 160 | % |     |