---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-137757"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:00:05.284042+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Driven Brands appoints Gary Ferrera as CFO, reaffirms FY23 guidance

## Summary
- Gary Ferrera named EVP and CFO effective May 10, 2023, succeeding Tiffany Mason who left May 4.
- Ferrera's compensation: base salary $675k, target bonus 100%, equity grants totaling $3.5M (RSUs and PSUs).
- Company reaffirms FY23 guidance: revenue ~$2.35B, adjusted EBITDA ~$590M, adjusted EPS ~$1.21.
- Ferrera previously CFO of Skillsoft and Cardtronics; brings 20 years of CFO experience across industries.

## SEC filing metadata
- accession: 0001193125-23-137757
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/0001193125-23-137757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/d439146d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-137757
- JSON: https://secwatch.observer/filing/0001193125-23-137757.json
- Plain text: https://secwatch.observer/filing/0001193125-23-137757.txt

## Key facts
- Executive change
  Gary W. Ferrera was appointed as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: Driven Brands Holdings Inc. (the “Company”) announced on May 5, 2023, that it had appointed Gary W. Ferrera, age 60, to serve as its Executive Vice President and Chief Financial Officer effective as of May 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/0001193125-23-137757-index.htm
- Executive change
  Tiffany Mason departed as Chief Financial Officer at Driven Brands Holdings Inc..
  - Action: left
  - Role: Chief Financial Officer
  source text: The Company also announced that Tiffany Mason, the Company’s prior CFO, left the Company on May 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/0001193125-23-137757-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.