{"schema_version":"secwatch.filing_event.v1","accession":"0001804745-25-000036","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2025-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.786407+00:00","generated_at":"2026-05-23T13:36:09.659866+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Driven Brands closes $385M sale of U.S. car wash business to Whistle Express","bullets":["Cash proceeds of ~$255M plus $130M seller note; total consideration ~$385M subject to adjustments.","Proceeds will be used to pay down debt; company targets net leverage ≤3x by end of 2026.","U.S. car wash business will be reported as discontinued operations beginning in FY2025.","Company will focus on its Take 5 Oil Change business and stable franchise operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001804745-25-000036","json":"https://secwatch.observer/filing/0001804745-25-000036.json","markdown":"https://secwatch.observer/filing/0001804745-25-000036.md","text":"https://secwatch.observer/filing/0001804745-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000180474525000036/0001804745-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000180474525000036/drvn-20250410.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T13:36:09.659866+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"}