SANTANDER CONSUMER USA HOLDINGS INC. (NYSE:SC) Files An 8-K Other Events

Item8.01 Other Events

On June28, 2017, Santander Consumer USA Holdings Inc. (SC or the
Company) and its parent company, Santander Holdings USA Inc.
(SHUSA) announced that the Board of Governors of the Federal
Reserve System (Federal Reserve) did not object to the planned
capital actions described in SHUSAs 2017 Capital Plan that was
submitted as part of the Comprehensive Capital Analysis and
Review (CCAR). The SC portion of the SHUSA capital plan included
a $0.03 per share distribution in Q4 2017 and a $0.05 per share
distribution in the first and second quarters of 2018. While the
Federal Reserve did not object to SHUSAs capital distribution
plans, any SC capital distribution is subject to approval of the
Companys Board of Directors and SHUSAs Board of Directors. The
timing and amount of capital actions will depend on various
factors, including the business plans and financial performance
of both SC and SHUSA, as well as market conditions.

A copy of the press release relating to this announcement is
attached hereto as Exhibit 99.1. The information in Exhibit 99.1
is being furnished and shall not be deemed filed for the purposes
of the Securities Exchange Act of 1934 or otherwise subject to
the liabilities under that section.

Cautionary Note Regarding Forward-Looking Information

This Current Report on Form 8-K (including the Exhibit hereto)
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
about our expectations, beliefs, plans, predictions, forecasts,
objectives, assumptions, or future events or performance are not
historical facts and may be forward-looking and reflect the
current beliefs and expectations of the Companys management.
These statements are often, but not always, made through the use
of words or phrases such as anticipates, believes, can, could,
may, predicts, potential, should, will, estimate, plans,
projects, continuing, ongoing, expects, intends, and similar
words or phrases. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements are not guarantees of future
performance and involve risks and uncertainties which are subject
to change based on various important factors, some of which are
beyond the Companys control. Factors that could cause the
Companys actual results to differ materially from those described
in the forward-looking statements can be found in the Companys
Annual Report on Form 10-K for the year ended December31, 2016
and Quarterly Report on Form 10-Q for the quarter ended March31,
2017, which have been filed with the Securities and Exchange
Commission and are available on the Companys website
(http://investors.santanderconsumerusa.com/investor-home/default.aspx)
and on the Securities and Exchange Commissions website
(www.sec.gov). The Company does not undertake to update
the forward-looking statements to reflect the impact of
circumstances or events that may arise after the date of the
forward-looking statements.

Item9.01. Financial Statements and Exhibits.

2

Santander Consumer USA Holdings Inc. Exhibit
EX-99.1 2 d419154dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   Contacts: Investor Relations Evan Black 800.493.8219 [email protected]   Media Relations Laurie Kight 214.801.6455 [email protected] Santander Consumer USA Holdings Inc. Provides Update on Capital Actions Following Parent Announcement of its CCAR Results Dallas,…
To view the full exhibit click here
About SANTANDER CONSUMER USA HOLDINGS INC. (NYSE:SC)

Santander Consumer USA Holdings Inc. is the holding company for Santander Consumer USA Inc., and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company’s segment, Consumer Finance, includes its vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles. It also includes its personal loan and point-of-sale financing operations. Its primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. It offers auto financing products and services to Fiat Chrysler Automobiles US LLC (FCA) customers and dealers under the Chrysler Capital brand.