secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001193125-23-015745
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands creates COO role, appoints Rivera effective Feb 20; Khalid returns as Maintenance President.
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- Danny Rivera promoted to new COO role effective Feb 20, 2023; oversaw Take 5 Oil Change growth to 800+ locations.
- Rivera to receive $575k base salary, 100% target annual bonus, and 125% of total cash compensation in equity.
- Mo Khalid rejoins as EVP & Group President, Maintenance, succeeding Rivera; previously SVP at Great Wolf Resorts.
- Khalid earlier served as Meineke COO at Driven Brands; Rivera had been EVP & Group President since Dec 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523015745/0001193125-23-015745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523015745/d406366d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-015745

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