secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001683168-26-002616
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CPSS reports FY2025 executive bonuses; CEO gets $3.28M non-equity award
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- CEO Charles Bradley received $3,283,500 non-equity incentive; total 2025 comp $5,439,647.
- President/COO Michael Lavin earned $448,693 non-equity bonus; total comp $1,386,590.
- CFO Danny Bharwani earned $479,808 non-equity bonus; total comp $1,254,849.
- CEO bonus based on 720% salary cap; targets included budget, securitizations, stock price >$16.
- Bonus amounts were omitted from 2025 Form 10-K; now disclosed per Item 5.02(f).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316826002616/0001683168-26-002616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316826002616/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-002616

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer