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Departure of Directors or Certain

Appointment to the Board of Directors of Mark Hurley

On April 17, 2016, the Board of Directors (the "Board") of Santander Consumer USA Holdings Inc. (the "Company") appointed Mark Hurley as a director. Mr. Hurley's term will expire at the 2016 annual meeting of stockholders, and Mr. Hurley will hold office for the remainder of his term until his successor is elected and qualified (the "Partial Term").

Mr. Hurley co-founded Fiduciary Network in 2006 and serves as its Chairman and Chief Executive Officer. It is a specialty finance business focused on wealth management companies. From 1997 until 2004, Mr. Hurley served as Chairman and Chief Executive Officer of Undiscovered Managers, a mutual fund company that he founded. Undiscovered Managers was sold to JPMorgan in 2004. Mr. Hurley previously was a Managing Director at Merrill Lynch, a Vice President at Goldman Sachs and served as the Director of Resolutions at the Office of Thrift Supervision, United States Treasury Department. Mr. Hurley currently serves on the University of North Texas Foundation. He holds a bachelor's degree in engineering and history from the United States Military Academy and a master's degree in business administration from the Stanford Graduate School of Business. Mr. Hurley also was a Captain in the United States Army Field Artillery, serving for five years.

The Board has determined that Mr. Hurley is independent within the meaning of Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and the applicable New York Stock Exchange listing standards. There is no agreement or understanding between Mr. Hurley and any other person pursuant to which he was elected to the Board. Mr. Hurley is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with his services as a director, Mr. Hurley will participate in the Company's director compensation policy, which provides for the following compensation for the independent members of our Board: (i) an annual cash retainer of $100,000 (paid quarterly in arrears); (ii) an annual grant of restricted stock or restricted stock units with a grant date fair market value equal to $50,000, vesting on the earlier of the first anniversary of the grant date or the first annual stockholders' meeting following the grant date (with the grant date occurring at or around the start of the applicable term of service); (iii) $70,000 in cash annually if the director serves as chair of any committee of the Board (paid quarterly in arrears); $20,000 in cash annually if the director serves as a non-chair member of any committee of the Board (paid quarterly in arrears); and $600,000 in cash annually if the director also serves as the Chair of the Board (paid quarterly in arrears). Any compensation paid to Mr. Hurley for the Partial Term will be pro-rated accordingly.

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.

SANTANDER CONSUMER USA HOLDINGS INC.

By:

/s/ Christopher Pfirrman

Name:

Christopher Pfirrman

Title:

Senior Chief Legal Officer

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Other recent filings from the company include the following:

Santander Consumer USA Holdings Inc.'s Chief Executive Officer just disposed of 1,634 shares - April 12, 2016
Santander Consumer USA Holdings Inc.'s CEO just picked up 67,591 shares - April 11, 2016
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