Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

Mahesh Aditya Offer Letter Amendment

On January 12, 2022, Mahesh Aditya, Chief Executive Officer of Santander Consumer USA Holdings Inc. (the "Company"), executed an amendment to the June 25, 2021 Offer Letter (the "Amendment") with Santander Consumer USA Inc., a wholly owned subsidiary of the Company, amending certain terms of Mr. Aditya's employment with the Company. Under the Amendment, effective as of January 1, 2021, Mr. Aditya's annual base salary will be $2,067,927 and his target incentive will be $2,599,390. All other terms and conditions of Mr. Aditya's June 25, 2021 Offer Letter remain in effect.

The foregoing description is qualified by reference to the terms of the Amendment, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.






(d) Exhibits




Exhibit
  No.       Description

10.1          Offer Letter Amendment by and between Santander Consumer USA Inc.
            and Mahesh Aditya, executed on January 12, 2022.

104         Cover page Interactive data file (embedded with in the inline XBRL
            document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses