Current Report Filing (8-k)
24 March 2017 - 9:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 21, 2017
SANTANDER CONSUMER USA HOLDINGS INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-36270
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32-0414408
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(State or other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1601 Elm St. Suite #800
Dallas, Texas
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75201
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (214)
634-1110
N/A
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Item 8.01. Other Events.
On March 21, 2017, a wholly-owned subsidiary of Santander Consumer USA Holdings Inc. (SC Holdings), Santander Consumer USA Inc.,
(SC) and SC Holdings majority shareholder, Santander Holdings USA Inc. (SHUSA) entered into a written agreement (the Written Agreement) with the Federal Reserve Bank of Boston (the Reserve Bank).
Under the terms of the Written Agreement, SC is required to enhance its compliance risk management program, board oversight of risk management and senior
management oversight of risk management and SHUSA is required to enhance its oversight of SCs management and operations.
The Written Agreement is
attached hereto as Exhibit 99.1 and incorporated herein. The preceding description of the Written Agreement is qualified in its entirety by reference to the full text of the Agreement.
Item 9.01. Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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Written Agreement, dated as of March 21, 2017, by and between Santander Consumer USA Inc., Santander Holdings USA Inc., and the Federal Reserve Bank of Boston
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2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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SANTANDER CONSUMER USA HOLDINGS INC.
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Dated: March 23, 2017
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By:
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/s/ Christopher Pfirrman
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Name:
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Christopher Pfirrman
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Title:
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Chief Legal Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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99.1
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Written Agreement, dated as of March 21, 2017, by and between Santander Consumer USA Inc., Santander Holdings USA Inc., and the Federal Reserve Bank of Boston
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