CONSUMER PORTFOLIO SERVICES, INC. 8-K

What Happened

• Consumer Portfolio Services, Inc. (CPSS) filed an 8-K (Item 5.02(f)) reporting that its Compensation Committee evaluated and approved the non‑equity incentive plan payment amounts earned under the Executive Management Bonus Plan for each named executive officer for the fiscal year ended December 31, 2025.
• The company notes that other compensation for those executives was already reported in its Form 10‑K filed March 16, 2026, but the non‑equity incentive payment amounts for FY2025 were not determined at the time the 10‑K was filed and therefore were omitted from the Summary Compensation Table.

Key Details

• Filing type: Form 8‑K, Item 5.02(f) — Departure/Election/Compensation disclosure.
• Period: Fiscal year ended December 31, 2025 (FY2025).
• Previously filed 10‑K: March 16, 2026 — omitted FY2025 non‑equity bonus amounts because they were not yet determined.
• Action taken: Compensation Committee has now evaluated and approved those non‑equity incentive payment amounts for the named executive officers.

Why It Matters

• This 8‑K completes disclosure about executive pay for FY2025 by reporting the previously undecided non‑equity incentive bonuses, improving transparency in executive compensation.
• For investors, the update may affect total reported compensation for the company’s named executive officers and should be considered when reviewing governance, pay practices, and any future amended or supplemental disclosure (e.g., updates to the Summary Compensation Table).