{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-069090","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2026-11-03T13:08:28+00:00","discovered_at":"2026-11-03T13:10:00.285572+00:00","generated_at":"2026-11-03T13:11:17.412620+00:00","sec_items":["2.02","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Driven Brands to restate FY2023-2025 results on fixed-asset errors; cuts FY26 EBITDA guide to $410-430M","bullets":["Audit Committee concluded Oct 31, 2026 that FY2023, FY2024, FY2025 and quarterly results through Q2 2026 contain material errors; PwC's audit report can no longer be relied upon.","Errors tied to fixed assets: failure to timely write off sale-leaseback assets, misclassification and incorrect useful lives; CFO Mike Diamond says Adjusted EBITDA impact is negligible to date.","Q3 Form 10-Q will miss the Nov 5, 2026 deadline; Form 12b-25 due by Nov 6, Q3 earnings call delayed, and share repurchases suspended until reporting is current.","Preliminary Q3: system same-store sales +2.0%, Take 5 +4.9% (25th straight quarter of growth), Franchise Brands +0.5%, Auto Glass Now +6.5%; Take 5 net units +27, Franchise -34.","FY26 Adjusted EBITDA cut to $410-430M from $430-460M; adjusted EPS $1.10-1.20 from $1.15-1.25; restatement costs now at least $50M vs prior $35-45M range."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-069090","json":"https://secwatch.observer/filing/0001628280-26-069090.json","markdown":"https://secwatch.observer/filing/0001628280-26-069090.md","text":"https://secwatch.observer/filing/0001628280-26-069090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000162828026069090/0001628280-26-069090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000162828026069090/drvn-20261103.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-03T13:11:17.412620+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"}