Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 62

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 62
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 Jackson’s
employment with the Company was authorized by the Board of Directors and her base salary and Executive Management Bonus Plan award is
reviewed and approved by the Compensation Committee on an annual basis.

Other Transactions. On June 14, 2024, and as part of the Company’s
stock repurchase program, the Company purchased directly from the Company’s chief executive officer, Charles E. Bradley, Jr., 50,000
shares of Company common stock at the previous day’s market closing price of $8.98. The dollar amount involved in the transaction
and Mr. Bradley’s interest in the transaction was $449,000. On September 10, 2024, the Company purchased an additional 70,000 shares
of Company common stock at the market closing price of $9.85 per share from Mr. Bradley, and Mr. Bradley’s interest in the transaction
was $689,500. On September 15, 2025, as part of the Company’s stock repurchase program, the Company purchased directly from the
Company’s director, William B. Roberts, 100,000 shares of Company common stock at that day’s closing price of $8.62. The dollar
amount involved in the transaction and Mr. Robert’s interest in the transaction was $862,000.

Policy on Related Party Transactions and Director Independence.It
is the Company’s policy that transactions with related parties having a control or fiduciary relationship with the Company who personally
benefit from such transactions may take place only if approved by the Audit Committee or by the members of the Board who are disinterested
with respect to the transaction, and independent in accordance with the standards for director independence prescribed by Nasdaq. Such
policy is maintained in writing in the charter of the Audit Committee. The Audit Committee has given general approval to executive
officer purchases of subordinated notes that are on terms and rates then available to the public, including the purchases by Ms. Robinson.
The transactions with Mr. Schween were not subject to approval because they were entered into before Mr. Schween was an executive officer.
The repurchases by the Company from Mr. Bradley were made pursuant to the Company’s stock repurchase program but were not preapproved.
The Audit Committee subsequently ratified the Company’s transactions with Mr. Bradley.

The nine directors of the Company following the Annual Meeting will be
(assuming the election of each of the nominees named in this proxy statement) Charles E. Bradley, Jr., Stephen H. Deckoff, Louis M