---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-163051"
form_type: "8-K/A"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:10:39.234268+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Driven Brands discloses CFO Tiffany Mason separation agreement; $550K severance, equity adjustments

## Summary
- Severance cash payment of $550,000 paid over 12 months; termination without cause effective May 4, 2023.
- Accelerated vesting of 37,615 performance-based RSAs, 86,493 performance-based top-up options, 1,299 time-based RSAs, and 11,269 time-based top-up options.
- Continued vesting eligibility for 56,990 RSAs and 131,049 top-up options until May 4, 2025, subject to performance criteria.
- All other unvested equity cancelled, including retention options, RSUs, and PSUs.
- Agreement includes 12-month lock-up, reaffirms confidentiality, non-compete, non-solicitation, and cooperation covenants.

## SEC filing metadata
- accession: 0001193125-23-163051
- form_type: 8-K/A
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000119312523163051/0001193125-23-163051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312523163051/d508192d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-163051
- JSON: https://secwatch.observer/filing/0001193125-23-163051.json
- Plain text: https://secwatch.observer/filing/0001193125-23-163051.txt

## Key facts
- Executive change
  Tiffany Mason was terminated as Chief Financial Officer at Driven Brands Holdings Inc..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: Ms. Mason’s employment with the Company ended on May 4, 2023, which the Compensation Committee of the Company’s Board of Directors determined was a termination without cause under her employment agreement with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804745/000119312523163051/0001193125-23-163051-index.htm

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