8-K
filed May 14, 2024, 7:59 PM ET
ticker DRVN
CIK 0001804745
other
confidence high
sentiment neutral
materiality 0.35
Driven Brands shareholders approve 10M share increase under 2021 Omnibus Plan
Driven Brands Holdings Inc.
- Stockholders elected Neal Aronson, Jonathan Fitzpatrick, and Jose Tomás as Class I directors through 2027.
- Advisory vote on executive compensation passed with 111.2M for, 31.7M against (77.8% support).
- Amended Omnibus Plan approved: authorizes 10M additional shares and extends plan term to May 9, 2034.
- Ratification of PricewaterhouseCoopers LLP as independent auditor for FY2024 passed with 148.9M for.
- All proposals passed with strong majority; no changes to current board or executive team.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Driven Brands Holdings Inc. shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending December 28, 2024 at the 2024-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Proposal 4. Ratification of the Appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending December 28, 2024 The Company's stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent public accounting firm for the fiscal year ending December 28, 2024. The results of the voting were as follows: Votes For Votes Against Abstentions 148,945,053 33,915 89,728
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Driven Brands Holdings Inc. shareholders approved Approval of Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan at the 2024-05-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Proposal 3. Approval of Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan The Company's stockholders approved the Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan. The results of the voting were as follows: Votes For Votes Against Abstentions 130,903,245 12,037,951 508,021
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Driven Brands Holdings Inc. shareholders approved Advisory Vote to Approve the Compensation of Our Named Executive Officers at the 2024-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Proposal 2. Advisory Vote to Approve the Compensation of Our Named Executive Officers The Company's stockholders approved, on a non-binding, advisory basis, the executive compensation of the Company's named executive officers for 2023. The results of the voting were as follows: Votes For Votes Against Abstentions 111,171,890 31,730,304 547,023
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Driven Brands Holdings Inc. shareholders approved Election of Directors at the 2024-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
The Company held its Annual Meeting on May 9, 2024. The matters voted upon at the Annual Meeting and the final results of such voting are set forth below. A more complete description of each proposal is set forth in the Proxy Statement. Proposal 1. Election of Directors The Company's stockholders duly elected Neal Aronson, Jonathan Fitzpatrick, and Jose Tomás, by a majority of the votes cast, to serve as Class I directors until the 2027 annual meeting of stockholders and until his or her successor is elected and qualified. The results of the voting were as follows: Director Votes For Votes Withheld Neal Aronson 138,538,918 4,910,299 Jonathan Fitzpatrick 139,562,896 3,886,321 Jose Tomás 126,065,771 17,383,446
View on SEC.gov
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