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 1, 2006 CONSUMER PORTFOLIO SERVICES, INC. --------------------------------- (Exact Name of Registrant as Specified in Charter) CALIFORNIA 001-14116 33-0459135 ---------- --------- ---------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 16355 Laguna Canyon Road, Irvine, CA 92618 ------------------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (949) 753-6800 Not Applicable -------------- (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 - ---- -------- ------ 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. 2

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. -------------------------------------- Charles E. Bradley, Jr. President and Chief Executive Officer Signing on behalf of the registrant and as principal executive officer 3