secwatch.observer — SEC 8-K summary
======================================

Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0000950142-21-002226
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands appoints Michael Beland as SVP & Chief Accounting Officer, effective July 12, 2021
--------------------------------------------------------------------------------

- Michael Beland, age 50, appointed SVP and CAO; previously Corporate Controller at Cree, Inc. (2017-2021).
- Annual base salary of $250,000; target cash bonus of 75% of base; equity target 50% of base.
- Receives $75,000 sign-on bonus (repayable if resigns within 24 months) and up to $35,000 relocation assistance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000095014221002226/0000950142-21-002226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000095014221002226/eh210165720_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-002226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer