secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001804745-25-000041
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Driven Brands appoints Rebecca Fondell as CAO effective May 9, 2025
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- Rebecca Fondell, previously Global Corporate Controller at Papa John's, named SVP and CAO.
- Base salary of $400,000; annual target bonus of 50% of base salary.
- Sign-on cash bonus of $150,000; one-time RSU grant of $400,000 vesting over three years.
- Annual LTI target of 75% of base salary; severance of 9 months' salary if terminated without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000180474525000041/0001804745-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000180474525000041/drvn-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001804745-25-000041

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