---
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"
generated_at: "2026-09-15T11:25:09.998062+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Driven Brands sets 2-3x net leverage target, authorizes $100M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-061963
- JSON: https://secwatch.observer/filing/0001628280-26-061963.json
- Plain text: https://secwatch.observer/filing/0001628280-26-061963.txt

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