---
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"
generated_at: "2026-11-03T13:11:17.412620+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Driven Brands to restate FY2023-2025 results on fixed-asset errors; cuts FY26 EBITDA guide to $410-430M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-069090
- JSON: https://secwatch.observer/filing/0001628280-26-069090.json
- Plain text: https://secwatch.observer/filing/0001628280-26-069090.txt

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