secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-137757
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands appoints Gary Ferrera as CFO, reaffirms FY23 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/0001193125-23-137757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000119312523137757/d439146d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-137757

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