{"filings":[{"id":508516,"accession_number":"0001804745-26-000044","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-05-19T11:18:03+00:00","items":["2.02","9.01"],"status":"ready","headline":"Driven Brands Q4 revenue $460M; completes restatement; IMO divestiture improves leverage","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 revenue $460.1M (+8% YoY); adj. EBITDA $111.9M (+7% YoY).","FY2025 net income from cont. ops $132.1M ($0.80 diluted EPS); adj. net income $199.2M ($1.21).","Restatement completed: corrections for FY2023-2024 and interim 2025; adj. EBITDA reduced by $57M (FY23), $12M (FY24), $8M (Q1-Q3 2025).","IMO divestiture closed Jan 27, 2026 for €411M; net proceeds used to reduce debt; pro forma net leverage 3.3x.","FY2026 outlook: revenue ~$1.95-2.05B, adj. EBITDA $430-460M, adj. diluted EPS $1.15-1.25 (incl. $35-45M restatement costs)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95595,"accession_number":"0001804745-26-000036","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-04-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Driven Brands waives defaults from planned restatement of FY2023-2025 financials; extends reporting deadlines","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Waived defaults or events of default arising from borrower's notice of intent to restate financials for FY2023, FY2024, and first three quarters of FY2025.","Deadline for FY2025 annual financial statements extended to June 10, 2026 (165 days after year-end).","Deadline for Q1 2026 financial statements extended to 45 days after delivery of FY2025 statements.","Company expects to deliver FY2025 financial statements on or before June 10, 2026.","Amendment entered with JPMorgan Chase as administrative agent and consenting lenders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95594,"accession_number":"0001804745-26-000031","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Driven Brands obtains waiver to file 2025 10-K by June 10, 2026; extends Q1 and accountant deadlines","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Waiver extends deadline for 2025 annual financial statements (2025 Form 10-K) to June 10, 2026.","Q1 2026 financial reports now due 45 days after delivery of the 2025 annual financials.","Annual accountants' reports due 30 days after latest delivery of annual financials.","Company expects to file 2025 Form 10-K on or before June 10, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95593,"accession_number":"0001804745-26-000026","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-04-21T23:59:59+00:00","items":["2.02","3.01","7.01","9.01"],"status":"ready","headline":"Driven Brands provides preliminary Q4/FY 2025 & Q1 2026 results; receives Nasdaq deficiency notice for delayed 10-K","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q4 2025 revenue $450-460M, FY 2025 $1,850-1,860M; Q1 2026 revenue $475-485M.","Same-store sales: Driven SSS Q4 +0.3-0.5%, FY +3.5-3.7%; Take 5 SSS Q4 +6.1-6.2%, FY +4.3-4.5%.","Adjusted EBITDA Q4 $100-110M, FY $440-450M; Q1 2026 expected lower due to restatement costs.","Net unit growth: FY 175 total (161 Take 5); Q1 29 total (29 Take 5).","Nasdaq notice received Apr 15; co. must submit compliance plan by June 15, expects to file 10-K before then."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108777,"accession_number":"0001804745-26-000023","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Driven Brands amends indenture to extend deliverables after subsidiary financial restatement","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment No. 1 extends deadlines for certain deliverables after a re-issuance restatement of co-issuers' financial statements.","Requirement to deliver FY2025 10-K by April 26, 2026 is unchanged; company expects to comply.","Co-issuers Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation are wholly-owned subsidiaries.","Amendment clarifies requirements following the restatement; does not modify 10-K delivery deadline."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108776,"accession_number":"0001804745-26-000016","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["7.01","4.02","9.01"],"status":"ready","headline":"Driven Brands delays Q4/FY2025 earnings due to Item 4.02 non-reliance filing","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Company delays release of Q4 and year ended December 27, 2025 financial results and related conference call.","Delay follows separate 8-K filed February 25, 2026 under Item 4.02 (non-reliance on previously issued financials).","No new date provided for earnings release; investors await restatement details.","Previously scheduled for before market open on February 25, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108775,"accession_number":"0001804745-26-000015","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["4.02","9.01"],"status":"ready","headline":"Driven Brands Restates Financials for FY2023, FY2024, and Interim 2025 Periods","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit committee concludes material errors in previously issued financial statements for fiscal years 2023 and 2024 and interim periods in 2025; restatement required.","Errors identified include lease adjustments, cash reconciling differences, expense classification, and revenue recognition issues.","Management reports material weaknesses in internal control over financial reporting as of December 27, 2025.","Company expects to file Form 12b-25 to extend deadline for Annual Report on Form 10-K for fiscal year 2025.","Driven Brands (DRVN) discloses errors also impact ATI business revenue recognition primarily in fiscal 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108774,"accession_number":"0001804745-26-000012","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-02-09T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Driven Brands recasts FY2025 segment data after international car wash divestiture","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["New segments effective Q4 FY2025: Take 5 (growth), franchise brands (stable cash), Auto Glass Now (developing).","Recast quarterly financials for first three quarters of FY2025 available in SEC filing; no new numbers disclosed.","Change follows completion of international car wash divestiture; CFO cites alignment with growth and cash strategy.","Updated segment reporting provides visibility into company's operational focus post-divestiture."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108773,"accession_number":"0001804745-26-000010","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2026-01-27T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Driven Brands closes sale of international car wash business for €411M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold IMO Car Wash Group to Franchise Equity Partners for total consideration of ~€411M.","Cash proceeds primarily used to pay down debt, strengthening balance sheet.","Car Wash segment to be reported as discontinued operations starting Q4 2025.","Auto Glass Now to become stand-alone segment beginning Q4 2025.","Historical recast financials for first three quarters of FY2025 to be furnished in mid-February."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125221,"accession_number":"0001804745-25-000097","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-12-22T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Driven Brands appoints Timothy Johnson to Board of Directors effective Jan 1, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Timothy Johnson elected as independent director effective Jan 1, 2026, and will serve on Audit Committee.","Johnson is former CFO of Victoria's Secret & Co. (2021-2025) and Big Lots (CFO 2015-2019).","Johnson brings over 30 years of executive experience in global retail and consumer companies.","No arrangements or family relationships with other directors; standard indemnification agreement to be entered."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125220,"accession_number":"0001193125-25-304428","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-12-02T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Driven Brands sells international car wash for €406M; updates FY2025 outlook","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price €406M (locked-box); daily ticker from July 1, 2025 to close.","Transaction expected to close Q1 2026, subject to regulatory approvals; proceeds to pay down debt.","Pro forma net leverage reduced ~0.3x; company targets 3x net leverage by end-2026.","FY2025 continuing ops outlook: revenue ~$1.85-1.87B, adj. EBITDA $445-455M, adj. EPS $1.18-1.23.","International car wash reclassified to discontinued operations from Q4 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125219,"accession_number":"0001804745-25-000087","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Driven Brands Q3 revenue +6.6% to $535.7M; Adjusted EPS $0.34 beats prior year $0.23; narrows FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $535.7M (+6.6% YoY); net income $60.9M ($0.37 diluted) vs loss $11.5M a year ago.","Adjusted EBITDA $136.3M (+$4.3M); Adjusted EPS $0.34 vs $0.23; same-store sales +2.8% overall, Take 5 +6.8%.","Take 5 segment revenue up 14%; 19th consecutive quarter of same-store sales growth.","Net leverage ratio improved to 3.8x; total liquidity $755.7M; completed $500M senior notes refinancing in Oct 2025.","FY2025 outlook narrowed: revenue ~$2.10-2.12B, Adj EBITDA ~$525-535M, Adj EPS ~$1.23-1.28."],"consensus_eps_estimate":null,"consensus_eps_actual":0.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":1602835000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125218,"accession_number":"0001804745-25-000083","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Driven Brands closes $500M securitization at 5.296% to refinance 2019-1 and 2022-1 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$500M Series 2025-1 Class A-2 Notes priced at 5.296%, anticipated repayment Oct 2030, final maturity Oct 2055.","Proceeds used to refinance Series 2019-1 and 2022-1 notes; also pay transaction fees and general corporate purposes.","Notes rated BBB (KBRA) and BBB- (S&P), consistent with July 2024 issuance.","This is Driven Brands' 12th whole business securitization; indentures/management agreements amended to permit refinancing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141936,"accession_number":"0001804745-25-000077","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-08-25T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Driven Brands appoints Mo Khalid as COO; Tim Austin succeeds as Take 5 President","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Khalid named EVP & COO effective August 25, 2025; previously EVP & President of Take 5.","Khalid's compensation: $575K base salary, annual bonus target 100% of base, equity target 250% of base.","Tim Austin, formerly COO of Take 5, is promoted to President of Take 5.","Under Khalid, Take 5 grew to >1,200 locations by June 28, 2025 with TTM sales >$1.5B.","Khalid re-joined Driven Brands in 2023 after prior role as Meineke COO and senior roles at Great Wolf Resorts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141935,"accession_number":"0001804745-25-000070","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Driven Brands Q2 revenue +6.2% to $551M; adj EPS $0.36; sells car wash note, reaffirms FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $551M (+6.2% YoY); system-wide sales $1.6B (+3.1%); same-store sales +1.7%.","Adjusted net income $59.1M ($0.36 adj EPS) vs $60.4M ($0.37); GAAP net income $11.8M ($0.07 diluted EPS).","Take 5 Oil Change revenue $304.2M; same-store sales +6.6%, 20th consecutive quarter of SSS growth.","Post-quarter sold U.S. car wash seller note for $113M; used proceeds to pay term loan and $65M revolver; net leverage 3.9x.","Reaffirmed FY2025 outlook: revenue ~$2.05-2.15B, adj EBITDA $520-550M, adj EPS $1.15-1.25."],"consensus_eps_estimate":null,"consensus_eps_actual":0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":1067151000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159871,"accession_number":"0001804745-25-000064","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-05-23T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Driven Brands shareholders elect three Class II directors, approve say-on-pay, ratify PwC","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Catherine Halligan, Rick Puckett, Michael Thompson elected Class II directors; Halligan received 131.95M votes for.","Advisory vote on 2024 executive compensation approved with 130.34M (86.1%) votes for.","Appointment of PwC as independent auditor for FY2025 ratified with 155.34M votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159870,"accession_number":"0001804745-25-000045","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Driven Brands Q1 revenue up 7% to $516M; reaffirms FY25 outlook; CEO succession","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $516.2M (+7% YoY); net income $6M ($0.04 EPS) vs $4M; adj. EPS $0.27 vs $0.25.","Take 5 Oil Change revenue +15%, same-store sales +8% (19th consecutive quarter of SSS growth).","Sold U.S. car wash business in April 2025; proceeds to reduce debt.","Reaffirms FY2025 outlook: revenue ~$2.05-$2.15B, adj. EBITDA $520-$550M, adj. EPS $1.15-$1.25.","CEO transition: Danny Rivera appointed CEO; Jonathan Fitzpatrick remains as Chair."],"consensus_eps_estimate":0.2316,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":516163000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159869,"accession_number":"0001804745-25-000041","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-04-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Driven Brands appoints Rebecca Fondell as CAO effective May 9, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Rebecca Fondell, previously Global Corporate Controller at Papa John's, named SVP and CAO.","Base salary of $400,000; annual target bonus of 50% of base salary.","Sign-on cash bonus of $150,000; one-time RSU grant of $400,000 vesting over three years.","Annual LTI target of 75% of base salary; severance of 9 months' salary if terminated without cause."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159868,"accession_number":"0001804745-25-000036","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-04-16T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Driven Brands closes $385M sale of U.S. car wash business to Whistle Express","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cash proceeds of ~$255M plus $130M seller note; total consideration ~$385M subject to adjustments.","Proceeds will be used to pay down debt; company targets net leverage ≤3x by end of 2026.","U.S. car wash business will be reported as discontinued operations beginning in FY2025.","Company will focus on its Take 5 Oil Change business and stable franchise operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178240,"accession_number":"0001804745-25-000018","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K/A","filed_at":"2025-03-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Driven Brands appoints Daniel Rivera as CEO effective May 9, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel Rivera named CEO effective May 9, 2025, succeeding prior leadership.","Base salary of $800,000, target cash bonus of 150% of salary, equity target of 400% of salary.","Supplemental equity award of $500,000; awards split 33% RSUs and 67% performance-based PSUs.","Severance: 18 months salary continuation if terminated without cause or resigns for good reason.","Board approved compensation arrangement on March 13, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178243,"accession_number":"0001804745-25-000015","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-03-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Driven Brands restructures segments: Take 5 Oil Change now a stand-alone reportable segment","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New segments effective Q1 2025: Take 5, Franchise Brands, Car Wash, Corporate and Other.","Take 5 FY2024 system-wide sales $1,385.5M, Adjusted EBITDA $380.2M, 1,181 stores.","Franchise Brands FY2024 system-wide sales $4,305.7M, Adjusted EBITDA $195.1M, 2,679 stores.","Car Wash FY2024 system-wide sales $212.4M, Adjusted EBITDA $70.2M, 720 stores.","Segment change has no impact on consolidated GAAP results; recast 2024 data posted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178242,"accession_number":"0001804745-25-000012","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Driven Brands extends $300M revolver to Feb 2030; $155M drawn","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrower Driven Holdings amended credit agreement on Feb 27, 2025, extending maturity to Feb 27, 2030 (with springing provision).","Revolving commitment unchanged at $300M; $155M outstanding as of amendment date.","Interest rate: Term SOFR plus 2.00%-2.25%; commitment fee of 0.375% on unused.","Springing covenant triggers if revolving utilization >35%; net first lien leverage ratio initially 2.00:1 (adjustable to 4.75:1).","Proceeds for general corporate purposes; facility secured by assets of Holdings, Borrower, and certain subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178241,"accession_number":"0001804745-25-000005","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2025-02-25T23:59:59+00:00","items":["1.01","2.02","5.02","7.01","9.01"],"status":"ready","headline":"Driven Brands sells U.S. car wash for $385M; FY2024 Adj EBITDA $553M; appoints Rivera CEO","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sells U.S. car wash to Whistle Express for $385M ($255M cash + $130M seller note); expected close Q2 2025.","FY2024 revenue $2.34B (+2%), Adj EBITDA $553M (+7%), Adj EPS $1.14; Q4 Adj EBITDA $131M (+5%).","FY2025 outlook (ex-car wash): revenue ~$2.05-2.15B, Adj EBITDA $520-550M, Adj EPS $1.15-1.25.","CEO Jonathan Fitzpatrick steps down May 9, 2025; COO Daniel Rivera appointed President/CEO and to Board.","Proceeds from sale to reduce debt; target net leverage 3x or less by end of 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194897,"accession_number":"0001804745-24-000038","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-12-12T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Driven Brands CAO Michael Beland resigns effective Jan 3, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Beland, Chief Accounting Officer, resigned to pursue another opportunity; effective January 3, 2025.","Resignation not related to any disagreement regarding financial reporting or accounting policies.","CFO Michael Diamond will serve as interim principal accounting officer until a successor is found."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194895,"accession_number":"0001804745-24-000034","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K/A","filed_at":"2024-11-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Driven Brands pays $650K to settle stockholder lawsuit mootness fee claims","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Agreed to pay $650,000 in attorneys' fees and expenses to resolve Bruce Taylor v. Driven Equity LLC et al. action.","Court dismissed action as moot on June 10, 2024; final closing order entered Nov 8, 2024.","Payment covers plaintiff's counsel fees and any mootness fee from two other stockholders who made litigation demands.","No changes to previously disclosed Amended and Restated Stockholders Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194896,"accession_number":"0001804745-24-000023","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Driven Brands Q3 net loss $15M, adj EBITDA up 14%; reaffirms FY24 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $592M (+2% YoY); same-store sales +1.1% (15th consecutive quarter).","Net loss $14.9M ($0.09/diluted) vs prior-year net loss $799.3M; adjusted net income $41.8M ($0.26/diluted).","Adjusted EBITDA $138.8M, up 14%; segment: Maintenance $96.7M, Car Wash $25.6M, Paint/Collision/Glass $34.7M, Platform Services $22.5M.","Take 5 Oil Change revenue +15%, same-store sales +5%; net new units 56.","FY24 outlook reaffirmed: revenue $2.33-2.43B, Adj EBITDA $529-559M, Adj EPS $0.88-1.00; net leverage target 4.5x achieved ahead of schedule."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":1775471000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211186,"accession_number":"0001193125-24-190597","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"Driven Brands Q2 SSS +0.5%; revenue $612M; CFO Diamond appointed; lowers FY SSS outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $612M (+1% YoY); net income $30.2M ($0.18 diluted); adjusted EBITDA $152.2M (+4%); adjusted EPS $0.35.","Same-store sales +0.5% (14th consecutive quarter); Take 5 Oil Change SSS +6%, unit growth +19%.","FY2024 guidance: revenue $2.35-2.45B; adjusted EBITDA $535-565M; same-store sales growth revised down to 1-3% from 3-5%.","Michael Diamond appointed EVP & CFO effective Aug 9, 2024; previously CFO of The Michaels Companies; Joel Arnao returns to SVP role.","Closed $275M Series 2024 Class A-2 notes and $400M VFN (undrawn), replacing $115M notes, increasing liquidity by $285M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":1183792000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211185,"accession_number":"0001193125-24-187768","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Driven Brands closes $275M securitization at 6.372% to refinance existing debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $275M of 6.372% Series 2024-1 Class A-2 Notes, final maturity Oct 2054, anticipated repayment Oct 2031.","Proceeds used to refinance Series 2018-1 Class A-2 Notes, pay transaction fees, and for general corporate purposes.","Added $400M Series 2024-1 Class A-1 Variable Funding Notes capacity, replacing $135M undrawn Series 2019-3 A-1 Notes; A-1 Notes undrawn at close.","Notes rated BBB by KBRA and BBB- by S&P; Company's eleventh whole business securitization issuance.","Entered Amendment No. 11 to Base Indenture, revising definition of DSCR."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229724,"accession_number":"0001193125-24-156738","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-06-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Driven Brands amends stockholders agreement; adds fiduciary outs, removes consent rights","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amends 2021 Stockholders Agreement with Roark-affiliated Principal Stockholders (Driven Equity LLC, RC IV Cayman ICW Holdings LLC).","Adds fiduciary outs allowing Board to not comply with nomination/appointment provisions if inconsistent with fiduciary duties.","Removes Principal Stockholders' consent rights over certain corporate actions.","Motivated by recent Delaware legal developments and pending stockholder litigation challenging consent rights.","Roark affiliates beneficially own majority of outstanding shares; retain board nomination rights tied to ownership thresholds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229723,"accession_number":"0001193125-24-138265","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Driven Brands shareholders approve 10M share increase under 2021 Omnibus Plan","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders elected Neal Aronson, Jonathan Fitzpatrick, and Jose Tomás as Class I directors through 2027.","Advisory vote on executive compensation passed with 111.2M for, 31.7M against (77.8% support).","Amended Omnibus Plan approved: authorizes 10M additional shares and extends plan term to May 9, 2034.","Ratification of PricewaterhouseCoopers LLP as independent auditor for FY2024 passed with 148.9M for.","All proposals passed with strong majority; no changes to current board or executive team."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229722,"accession_number":"0001193125-24-128254","cik":1804745,"company_name":"Driven Brands Holdings Inc.","ticker":"DRVN","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"Driven Brands Q1 net income $4.3M ($0.03 EPS); adj EBITDA $131M (+6%); CFO Ferrera resigns","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $572M (+2% YoY), system-wide sales $1.6B (+7%), 0.7% same-store sales growth, 13th consecutive quarter of SSS growth.","Net income $4.3M ($0.03 diluted EPS) vs $29.7M ($0.17) prior year; adjusted net income $38.1M ($0.23 adj EPS) flat YoY.","Maintenance segment SSS +4.8% driven by Take 5 Oil Change +7%; Car Wash SSS -7.4%.","CFO Gary Ferrera resigns effective after Q1 10-Q filing; Joel Arnao interim CFO, Michael Beland principal financial officer.","Reaffirms FY2024 outlook: revenue ~$2.35-2.45B, adj EBITDA ~$535-565M, adj EPS $0.88-1.00."],"consensus_eps_estimate":null,"consensus_eps_actual":0.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":572226000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2363489040.478903,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}