---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-156738"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2024-06-07T23:59:59+00:00"
generated_at: "2026-06-01T05:39:27.384398+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Driven Brands amends stockholders agreement; adds fiduciary outs, removes consent rights

## Summary
- Amends 2021 Stockholders Agreement with Roark-affiliated Principal Stockholders (Driven Equity LLC, RC IV Cayman ICW Holdings LLC).
- Adds fiduciary outs allowing Board to not comply with nomination/appointment provisions if inconsistent with fiduciary duties.
- Removes Principal Stockholders' consent rights over certain corporate actions.
- Motivated by recent Delaware legal developments and pending stockholder litigation challenging consent rights.
- Roark affiliates beneficially own majority of outstanding shares; retain board nomination rights tied to ownership thresholds.

## SEC filing metadata
- accession: 0001193125-24-156738
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2024-06-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000119312524156738/0001193125-24-156738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312524156738/d823825d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-156738
- JSON: https://secwatch.observer/filing/0001193125-24-156738.json
- Plain text: https://secwatch.observer/filing/0001193125-24-156738.txt

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