{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-061963","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2026-09-15T11:20:14+00:00","discovered_at":"2026-09-15T11:25:01.798778+00:00","generated_at":"2026-09-15T11:25:09.998062+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Driven Brands sets 2-3x net leverage target, authorizes $100M buyback","bullets":["Board authorized $100M share repurchase, about 5% of market cap; no expiration.","New long-term net leverage target of 2-3x Net Debt/Adj. EBITDA.","Expects 3.0x net leverage at end of Q3 2026, a quarter ahead of plan, down from 5.0x end-2023.","Repurchases via open-market or 10b5-1 plans, funded from cash and operating flows.","Company will continue investing in Take 5 growth, including potential acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-061963","json":"https://secwatch.observer/filing/0001628280-26-061963.json","markdown":"https://secwatch.observer/filing/0001628280-26-061963.md","text":"https://secwatch.observer/filing/0001628280-26-061963.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000162828026061963/0001628280-26-061963-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000162828026061963/drvn-20260915.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-15T11:25:09.998062+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}