secwatch.observer — SEC 8-K summary
======================================

Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001804745-25-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands restructures segments: Take 5 Oil Change now a stand-alone reportable segment
--------------------------------------------------------------------------------

- New segments effective Q1 2025: Take 5, Franchise Brands, Car Wash, Corporate and Other.
- Take 5 FY2024 system-wide sales $1,385.5M, Adjusted EBITDA $380.2M, 1,181 stores.
- Franchise Brands FY2024 system-wide sales $4,305.7M, Adjusted EBITDA $195.1M, 2,679 stores.
- Car Wash FY2024 system-wide sales $212.4M, Adjusted EBITDA $70.2M, 720 stores.
- Segment change has no impact on consolidated GAAP results; recast 2024 data posted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000180474525000015/0001804745-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000180474525000015/drvn-20250312.htm
  HTML page:      https://secwatch.observer/filing/0001804745-25-000015

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