# EDGAR Filing Document

**Accession Number:** 0000889609
**File Stem:** 0001683168-26-002616
**Filing Date:** 2026-4
**Character Count:** 9274
**Document Hash:** 1c86657339976b8a25b59a9c0134890a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-26-002616.hdr.sgml**: 20260402

**ACCESSION NUMBER**: 0001683168-26-002616

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260327

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**FILED AS OF DATE**: 20260402

**DATE AS OF CHANGE**: 20260402

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CONSUMER PORTFOLIO SERVICES, INC.
- **CENTRAL INDEX KEY:** 0000889609
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 330459135
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14116
- **FILM NUMBER:** 26834053

**BUSINESS ADDRESS:**
- **STREET 1:** 3800 HOWARD HUGHES PKWY
- **STREET 2:** SUITE 1400
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89169
- **BUSINESS PHONE:** 949.753.6800

**MAIL ADDRESS:**
- **STREET 1:** 3800 HOWARD HUGHES PKWY
- **STREET 2:** SUITE 1400
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89169

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CONSUMER PORTFOLIO SERVICES INC
- **DATE OF NAME CHANGE:** 19930328

?xml version='1.0' encoding='ASCII'? CONSUMER PORTFOLIO SERVICES, INC. 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) March 27, 2026

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| |
|:---|
| **CONSUMER PORTFOLIO SERVICES, INC.** |
| (Exact Name of Registrant as Specified in Charter) |

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california 1-11416 33-0459135 <br> (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

<u>3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code (949) 753-6800

<u>Not Applicable</u> <br> (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, no par value | CPSS | The Nasdaq Stock Market LLC (Global Market) |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

**(f)** *Non-Equity Incentive Plan Compensation*

The Compensation Committee of the Board of Directors of Consumer Portfolio Services, Inc. ("Company") has evaluated and approved the non-equity incentive plan payment amounts earned under the Executive Management Bonus Plan for each of the named executive officers for fiscal year ended December 31, 2025 ("FY2025").

The other compensation of the Company's named executive officers for FY2025 was previously reported by the Company in the Summary Compensation Table included in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 16, 2026 (the "2025 10-K"). However, as of the date of the filing of the 2025 10-K, non-equity incentive plan payment amounts for FY2025 had not been determined and, therefore, were omitted from the Summary Compensation Table in the 2025 10-K.

In accordance with Item 5.02(f) of Form 8-K, the Company is providing a revised Summary Compensation Table, which includes the final non-equity incentive plan compensation payment amounts and each such named executive officer's total compensation amount for FY2025.

**Summary Compensation Table For 2025 and 2024**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Name and Principal Position* | *Year* | *Salary* | *Non-Equity*<br> *Incentive Plan*<br> *Compensation (1)* | *Option*<br> *Awards (2)* | *All Other*<br> *Compensation*  | *Total* |
| **Charles E. Bradley, Jr.** | 2025 | $995000 | $3283500 | $1139790 | $21357 | $5439647 |
| Chief Executive Officer | 2024 | 995000 | 3130000 |  | 40611 | 4165611 |
| **Michael T. Lavin** | 2025 | 470000 | 448693 | 455916 | 11980 | 1386590 |
| President & Chief Operating Officer | 2024 | 470000 | 443680 |  | 47158 | 960838 |
| **Danny Bharwani** | 2025 | 430762 | 479808 | 341937 | 2342 | 1254849 |
| Executive Vice President & | 2024 | 386000 | 444929 |  | 44871 | 875800 |
| &nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |  |  |  |

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(1) Amounts reported for FY2025 in this column comprise
 non-equity incentive plan compensation earned in 2025 and paid or granted in 2026. For the chief executive officer, such payments were
 based on the Compensation Committee's evaluation of the chief executive officer meeting as many as possible of several objectives
 within the year 2025. For FY2025, the objectives and their weightings are as follows: (I) to meet or exceed the Company's quarterly
 budget (20% each quarter, total of 80%) (II) to execute four rated securitization transactions (20% each, 80% total), (III) to increase
 the Company's annual originations of receivables to each of four targets (up to 80% in the aggregate, creditable pro rata for reaching
 target amounts of $1.8 billion, $1.9 billion, $2.0 billion, and $2.1 billion), (IV) to decrease core operating expenses by up to 1% (up
 to 200%, creditable pro rata for the portion of the 1% achieved), (V) to raise $100 million in a new residual financing deal (100%,
 creditable pro rata for the portion achieved) (VI) to obtain up to a $1.2 billion forward flow contract purchase agreement (100%,
 creditable pro rata for the portion achieved), (VII) and to cause the Company's common stock to trade in excess of each
 of four targets (80% in the aggregate, creditable in increments of 20% for reaching prices of $13.00, $14.00, $15.00, and $16.00 per share).
 The total of the seven weightings is 720%; accordingly, the target and maximum possible value to chief executive officer of the award
 was 720% of his base salary for 2025. The factors applied in determining the FY2025
 amount of the non-equity incentive plan payment amount for the chief financial officer, Mr. Bharwani, 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 FY2025 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.

(2) Represents the dollar value accrued for financial accounting purposes in connection with the grant of such options, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Value was estimated using a Black-Scholes model for 2025. For the options granted on September 9, 2025, the weighted average fair value per option was $3.80, based on assumptions of 4.11 years expected life, expected volatility of 53.94%, and a risk-free rate of 4.10%.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
|  | **CONSUMER PORTFOLIO SERVICES, INC.** |
| Dated: April 2, 2026 | By: <u>/s/ Denesh Bharwani&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denesh Bharwani<br> Executive Vice President<br> Signing on behalf of the registrant |

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