secwatch.observer — SEC 8-K summary
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Issuer:     Driven Brands Holdings Inc. (DRVN)
CIK:        0001804745
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001804745-26-000015
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Driven Brands Restates Financials for FY2023, FY2024, and Interim 2025 Periods
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- Audit committee concludes material errors in previously issued financial statements for fiscal years 2023 and 2024 and interim periods in 2025; restatement required.
- Errors identified include lease adjustments, cash reconciling differences, expense classification, and revenue recognition issues.
- Management reports material weaknesses in internal control over financial reporting as of December 27, 2025.
- Company expects to file Form 12b-25 to extend deadline for Annual Report on Form 10-K for fiscal year 2025.
- Driven Brands (DRVN) discloses errors also impact ATI business revenue recognition primarily in fiscal 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804745/000180474526000015/0001804745-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804745/000180474526000015/drvn-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001804745-26-000015

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