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SANTANDER CONSUMER USA HOLDINGS INC. FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Brad Martin as Chief Operating Officer of Servicing. On October 14, 2014, the Board of Directors of Santander Consumer USA Holdings Inc. (the "Company") appointed Brad Martin as the Company's Chief Operating Officer of Servicing. Mr. Martin, aged 39, has served within the Company's senior leadership team since 2005, and has served as Executive Vice President of Business Operations since January 2011. Prior to entering the consumer finance industry in 2000, Mr. Martin served the United States as a Petty Officer in the United States Navy. Mr. Martin attended Dallas Baptist University. Mr. Martin's appointment was a part of a corporate reorganization which bifurcated the Chief Operating Officer role between the Company's two main operational divisions: Originations and Servicing. Previously, Jason Grubb was the sole Chief Operating Officer. As a part of this reorganization, Mr. Grubb has been appointed as Chief Operating Officer of Originations. Both Chief Operating Officers will report directly to the Chief Executive Officer. The Company believes that this reorganization will ensure improved management and enhanced governance of its business and is in the best interests of the Company and its stockholders. The information required by Items 401(b), (d) and (e) and 404(a) of Regulation S-K also has been disclosed in the Company's Form 10-K for the fiscal year ended December 31, 2013 (filed with the Commission on March 6, 2014). Mr. Martin's appointment does not give rise to any disclosure required by Item 5.02(c)(3) of Form 8-K. 2 -------------------------------------------------------------------------------- |