Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 63

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 63
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. Grasso,
William W. Grounds, Brian J. Rayhill, William B. Roberts, James E. Walker III, Gregory S. Washer, and Daniel S. Wood, of whom Messrs.
Rayhill, Grasso, Washer, and Wood compose the Audit Committee. The Board has concluded that other than Mr. Bradley (who is the Company’s
Chief Executive Officer), each of the other nominees is independent in accordance with the director independence standards prescribed
by Nasdaq, and has determined that none of them has a material relationship with the Company that would impair his independence from management
or otherwise compromise his ability to act as an independent director.

| 43 |

<div align='center'>FURTHER INFORMATION RELATING TO THE ANNUAL MEETING</div>

Voting of Shares

The Board recommends that an affirmative vote be cast in favor of each
of the nominees and proposals listed on the proxy card. The Board knows of no other matters that may be brought before the Annual Meeting
which require submission to a vote of the shareholders. If any other matters are properly brought before the meeting, however, the persons
named in the enclosed proxy or their substitutes will vote in accordance with their best judgment on such matters to the extent permitted
by Rule 14a-4(c) of the Exchange Act.

Votes cast in person or by proxy at the Annual Meeting will be tabulated
by the Inspector of Elections with the assistance of the Company’s transfer agent. The Inspector of Elections will also determine
whether or not a quorum is present. In general, California law provides that a quorum consists of a majority of the shares entitled to
vote, represented either in person or by proxy, that is, a minimum of 11,035,524 shares of the 22,071,046 shares outstanding at the Record
Date.

You are entitled to one vote per share on each matter other than election
of directors. As to election of directors, you may cumulate votes and give any nominee an aggregate number of votes equal to the number
of directors to be elected (nine) times the number of your shares, or distribute that number of votes among as many nominees as you see
fit. However, no one will be entitled to cumulate votes for any nominee unless the nominee’s name has been placed in nomination
prior to the voting and the shareholder wishing to cumulate votes has given notice at the Annual Meeting prior to the voting of his intention
to cumulate votes. If anyone has given such notice