Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 64

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 64
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, all shareholders may cumulate their votes for nominees. We are seeking discretionary
authority to cumulate votes of shares represented by proxies. The nine persons properly placed in nomination at the meeting and receiving
the most affirmative votes will be elected as directors.

For the frequency of future advisory votes on named executive officer compensation,
the option that receives the highest number of votes cast will be considered the advisory vote by the shareholders. Approval of each of
the other proposals requires the affirmative vote of a majority of those shares voting on the proposal, provided that such affirmative
votes are at least a majority of the required quorum, that is, the affirmative votes must be greater than the negative votes, and must
be no less than 5,517,763. Provided that at least the minimum number of affirmative votes are cast in favor of such proposals, an abstention
will have no effect on the outcome; however, if less than 5,517,763 affirmative votes are cast in favor of such proposals, then each abstention
will have an effect equivalent to that of a negative vote.

The Inspector of Elections will treat abstentions as shares that are present
and entitled to vote for purposes of determining the presence of a quorum, but as not voting for purposes of determining the approval
of any matter submitted to the shareholders for a vote. Any proxy that is returned using the form of proxy enclosed and that is not marked
as to a particular item will be voted “FOR”the director nominees named in this proxy statement, “FOR”ratification of Crowe as the Company’s auditors for the fiscal year 2025, “FOR”the approval, on an advisory
basis, of named executive officer compensation; “FOR” the approval of the Company’s 2025 Equity Incentive
Plan; “1 YEAR”, on an advisory basis, as to the frequency of future advisory votes on named executive officer compensation;
and will be deemed to grant discretionary authority to vote upon any other matters properly coming before the Annual Meeting, including
procedural matters such as a recess or adjournment. We believe that brokers holding shares for their customers in general will not be
permitted to vote without instruction from their customers on any proposal other than ratification of the selection of independent auditors.
If a broker indicates on the enclosed proxy or its substitute that it does not have discretionary authority as to certain shares to vote
on a particular matter (“broker non-votes”), those shares will be considered as abstentions with respect to that matter