UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
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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 1, 2006
CONSUMER PORTFOLIO SERVICES, INC.
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(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 001-14116 33-0459135
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
16355 Laguna Canyon Road, Irvine, CA 92618
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (949) 753-6800
Not Applicable
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(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:
[ ] 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))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 1, 2006, the registrant, Consumer Portfolio Services, Inc., acting
pursuant to authorization of the compensation committee of its board of
directors, fixed the amounts of cash bonuses to be paid with respect to services
rendered by its officers during 2005. Such cash bonuses for the Company's chief
executive officer and the four remaining most highly paid executive officers
identified in the registrant's proxy statement for its 2005 annual meeting are
as follows:
Name Title(s) Amount
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Charles E. Bradley, Jr. Chairman of the Board of Directors, President & $1,000,000
Chief Executive Officer
Curtis K. Powell Senior Vice President - Originations & Marketing $ 208,000
Robert E. Riedl Senior Vice President - Finance & Chief Financial $ 209,000
Officer
Mark A. Creatura Senior Vice President & General Counsel $ 112,000
The remaining identified officer, Nicholas P. Brockman, retired from employment
with the registrant during 2005 and was not awarded bonus compensation for that
year.
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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.
CONSUMER PORTFOLIO SERVICES, INC.
Dated: March 7, 2006 By: /s/ Charles E. Bradley, Jr.
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Charles E. Bradley, Jr.
President and Chief Executive Officer
Signing on behalf of the registrant
and as principal executive officer
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