secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K/A
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001804745-24-000034
Event type: litigation
Sentiment:  neutral
Materiality: 0.20
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands pays $650K to settle stockholder lawsuit mootness fee claims
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- Agreed to pay $650,000 in attorneys' fees and expenses to resolve Bruce Taylor v. Driven Equity LLC et al. action.
- Court dismissed action as moot on June 10, 2024; final closing order entered Nov 8, 2024.
- Payment covers plaintiff's counsel fees and any mootness fee from two other stockholders who made litigation demands.
- No changes to previously disclosed Amended and Restated Stockholders Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000180474524000034/0001804745-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000180474524000034/drvn-20240605.htm
  HTML page:      https://secwatch.observer/filing/0001804745-24-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer