secwatch / observer
8-K filed February 25, 2025, 6:59 PM ET ticker DRVN CIK 0001804745
M&A confidence high sentiment positive materiality 0.85

Driven Brands sells U.S. car wash for $385M; FY2024 Adj EBITDA $553M; appoints Rivera CEO

Driven Brands Holdings Inc.

item 1.01item 2.02item 5.02item 7.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Daniel Rivera

director
DRVN · Driven Brands Holdings Inc.
Effective
2025-05-09
Filed
February 25, 2025, 6:59 PM ET
the Board approved increasing the size of the Board to 11 members and electing Mr. Rivera to serve as a director, both effective as of the Transition Date.
Appointed

Jonathan Fitzpatrick

Non-Executive Chair
DRVN · Driven Brands Holdings Inc.
Effective
2025-05-09
Filed
February 25, 2025, 6:59 PM ET
The Board has also appointed Mr. Fitzpatrick to serve as the Non-Executive Chair of the Board following the Transition Date.
Departed

Jonathan Fitzpatrick

President and Chief Executive Officer
DRVN · Driven Brands Holdings Inc.
Effective
2025-05-09
Successor
Daniel Rivera
Filed
February 25, 2025, 6:59 PM ET
On February 24, 2025, Jonathan Fitzpatrick, President and Chief Executive Officer (“CEO”) of the Company, informed the Company of his intent to step down as President and CEO effective May 9, 2025 and terminate his employment with the Company (the “Transition Date”).
Appointed

Daniel Rivera

President and Chief Executive Officer
DRVN · Driven Brands Holdings Inc.
Effective
2025-05-09
Filed
February 25, 2025, 6:59 PM ET
the Board has appointed Daniel Rivera, age 46, currently the Company’s Chief Operating Officer, to serve as President and CEO, effective as of the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Rivera was elected as director at Driven Brands Holdings Inc..

Action
elected
Role
director
Exact text from the filing
the Board approved increasing the size of the Board to 11 members and electing Mr. Rivera to serve as a director, both effective as of the Transition Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Fitzpatrick was appointed as Non-Executive Chair at Driven Brands Holdings Inc..

Action
appointed
Role
Non-Executive Chair
Exact text from the filing
The Board has also appointed Mr. Fitzpatrick to serve as the Non-Executive Chair of the Board following the Transition Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Fitzpatrick departed as President and Chief Executive Officer at Driven Brands Holdings Inc..

Action
stepped down
Role
President and Chief Executive Officer
Exact text from the filing
On February 24, 2025, Jonathan Fitzpatrick, President and Chief Executive Officer (“CEO”) of the Company, informed the Company of his intent to step down as President and CEO effective May 9, 2025 and terminate his employment with the Company (the “Transition Date”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Rivera was appointed as President and Chief Executive Officer at Driven Brands Holdings Inc..

Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
the Board has appointed Daniel Rivera, age 46, currently the Company’s Chief Operating Officer, to serve as President and CEO, effective as of the Transition Date.
View on SEC.gov

Driven Brands Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001804745-25-000005
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