Management Change/Compensation - Form 8-K

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

On April 10, 2024, the Compensation Committee of the Board of Directors of Consumer Portfolio Services, Inc. ("Company") evaluated and determined 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 2023 ("FY2023").

The other compensation of the Company's named executive officers for FY2023 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 15, 2024 (the "2023 10-K"). However, as of the date of the filing of the 2023 10-K, non-equity incentive plan payment amounts for FY2023 had not been determined and, therefore, were omitted from the Summary Compensation Table in the 2023 10-K. In addition, the Compensation Committee also confirmed and determined that the Company's president is eligible to receive a non-equity incentive plan payment amount of up to 170% of his base salary.

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 FY2023.