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Santander Consumer USA (SC) Offers Update on Delay of 10-Q Filing

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Santander Consumer USA Holdings Inc. Provides Update on Form 10-Q Filing

August 23, 2016 4:30 PM EDT

DALLAS, Aug. 23, 2016 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company"), is delaying the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 (the "Form 10-Q") beyond the August 15, 2016 extended filing date.

As previously disclosed by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2016, the Company is in the pre-filing submission process with the SEC's Office of the Chief Accountant, regarding the Company's accounting treatment for consideration of net discount in... More