{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-128254","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.209602+00:00","generated_at":"2026-06-03T00:48:18.388357+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Driven Brands Q1 net income $4.3M ($0.03 EPS); adj EBITDA $131M (+6%); CFO Ferrera resigns","bullets":["Revenue $572M (+2% YoY), system-wide sales $1.6B (+7%), 0.7% same-store sales growth, 13th consecutive quarter of SSS growth.","Net income $4.3M ($0.03 diluted EPS) vs $29.7M ($0.17) prior year; adjusted net income $38.1M ($0.23 adj EPS) flat YoY.","Maintenance segment SSS +4.8% driven by Take 5 Oil Change +7%; Car Wash SSS -7.4%.","CFO Gary Ferrera resigns effective after Q1 10-Q filing; Joel Arnao interim CFO, Michael Beland principal financial officer.","Reaffirms FY2024 outlook: revenue ~$2.35-2.45B, adj EBITDA ~$535-565M, adj EPS $0.88-1.00."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-128254","json":"https://secwatch.observer/filing/0001193125-24-128254.json","markdown":"https://secwatch.observer/filing/0001193125-24-128254.md","text":"https://secwatch.observer/filing/0001193125-24-128254.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/0001193125-24-128254-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/d786209d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:48:18.388357+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb519fbe671323a898e621b0e6752fce1cc420e0","claim":"Driven Brands Holdings Inc. reported the first quarter ending March 30, 2024 results: revenue $572 million, net income $4.3 million or $0.03 per diluted share, EPS $0.03 per diluted share. Guidance reaffirmed.","evidence_excerpt":"DRVN) (“Driven Brands” or the “Company”) today reported financial results for the first quarter ending March 30, 2024. For the first quarter, Driven Brands delivered revenue of $572 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. Net Income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/0001193125-24-128254-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ending March 30, 2024"},{"label":"Revenue","value":"$572 million"},{"label":"Net income","value":"$4.3 million or $0.03 per diluted share"},{"label":"EPS","value":"$0.03 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4301f0cdc0","claim":"Joel Arnao was appointed as interim Chief Financial Officer at Driven Brands Holdings Inc..","evidence_excerpt":"and has appointed Joel Arnao, the Company’s current Senior Vice President, FP&A, Treasury, and Investor Relations, as the Company’s interim Chief Financial Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/0001193125-24-128254-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"5c50148f53","claim":"Gary W. Ferrera resigned as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..","evidence_excerpt":"On April 26, 2024, Gary W. Ferrera, the Company’s Executive Vice President and Chief Financial Officer, notified the Company of his intent to resign from the Company to pursue a professional opportunity at a privately held company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/0001193125-24-128254-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"fd9df3edcd","claim":"Michael Beland changed role as principal financial officer at Driven Brands Holdings Inc..","evidence_excerpt":"the Board of Directors of the Company has designated Michael Beland, the Company’s current Senior Vice President and Chief Accounting Officer, as the Company’s principal financial officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524128254/0001193125-24-128254-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated"},{"label":"Role","value":"principal financial officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}