Source-grounded facts extracted from Driven Brands Holdings Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Driven Brands Holdings Inc. amended Amendment to Credit Agreement with JPMorgan Chase Bank, N.A. valued at amendment to revolving credit facility providing limited waiver and extending deadlines for delivery (effective 2026-04-24).
“On April 24, 2026, Driven Holdings Parent LLC (“Holdings”) and Driven Holdings, LLC (“Borrower”), indirect wholly-owned subsidiaries of Driven Brands Holdings Inc. (the “Company”), entered into an amendment (the “Amendment”) that also provides for a limited waiver to their revolving credit facility under the Credit Agreement, dated as of May 27, 2021 (as amended, restated, supplemented, or otherwise modified, the “Credit Agreement”) by and among Holdings, Borrower, the lenders party thereto from time to time (the “Lenders”), and JPMorgan Chase Bank, N.A. as administrative agent (the “Administrative Agent”), which (i) waives any defaults or events of default that may exist or have arisen as a result of Borrower notifying the Administrative Agent and the Lenders that it intends to restate previously delivered financial statements for the fiscal years ending on December 30, 2023 and on December 28, 2024 and the first three fiscal quarters of the fiscal year ending on December 27, 2025, (i”
“2026: Q4 2025(2) FY 2025(2) Q1 2026(2) Driven Same-Store Sales (“SSS”) Take 5 SSS 0.3% - 0.5% 3.5% - 3.7% 0.95% - 1.00% 6.1% - 6.2% 1.9% - 2.1% 4.3% - 4.5% Driven Revenue ($M) $450 - $460 $1,850 - $1,860 $475 - $485 Driven Net Unit Growth Take 5 Net Unit Growth 81 60 175 161 29 29 Adjusted EBITDA ($M)(3) $100 - $110 $440 - $450 Expect to be lower than prior”
Listing & Compliance Notices
Driven Brands Holdings Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“April 15, 2026, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Company’s delay in filing its FY2025 Form 10-K, the Company is not currently in compliance with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market. In accordance with Nasdaq’s listing rules, the Company has 60 calendar days”
Material Agreements
Driven Brands Holdings Inc. amended Amendment No. 1 to the Base Indenture with Citibank, N.A. valued at Amendment to extend deadlines for certain deliverables and clarify requirements following a re-issua (effective 2026-03-11).
“On March 11, 2026, Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (together, the “Co-Issuers”, and each a wholly-owned subsidiary of Driven Brands Holdings Inc. (the Company”)) entered into Amendment No. 1 (“Amendment No. 1 to the Base Indenture”) to the Second Amended and Restated Base Indenture, dated as of October 20, 2025 (the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee and securities intermediary (the “Trustee”). Amendment No. 1 to the Base Indenture amended the Base Indenture to extend the deadlines for certain deliverables and to clarify certain other requirements following the occurrence of a re-issuance restatement of the Co-Issuers’ financial statements.”
Auditor Changes
Driven Brands Holdings Inc. reported that prior financial statements should not be relied upon.
“On February 23, 2026, the Audit Committee of the Board of Directors, after consultation with the Company’s management, concluded there were material errors in our previously issued consolidated financial statements for the fiscal year ended December 28, 2024 (“fiscal year 2024”) and the fiscal year ended December 30, 2023 (“fiscal year 2023”) contained in the Company’s Annual Report on Form 10-K for the fiscal year 2024, and in our previously issued unaudited condensed consolidated financial statements for each of the quarterly and year-to-date periods within fiscal year 2024 as well as the quarterly and year-to-date periods for the periods ended September 27, 2025, June 28, 2025 and March 29, 2025, and concluded that such financial statements should not be relied upon and required restatement (the “Restatement”).”
M&A Transactions
Driven Brands Holdings Inc. completed a disposition involving Neptune Acquisition Bidco Limited for approximately €411 million (closed 2026-01-27).
“wholly owned subsidiaries of the Company that own and operate the Company’s international car wash business (the “Transaction”) for aggregate consideration of approximately €411 million. The cash proceeds, net of transaction expenses and estimated taxes, will be primarily used to pay down debt. sh business (the “Transaction”) for aggregate consideration of”
Debt Financings
Driven Brands Holdings Inc. amended senior notes of No change in principal amount disclosed with Driven Brands Funding, LLC, Driven Brands Canada Funding Corporation, and certain other parties.
“On October 20, 2025, the Co-Issuers entered into the Second Amended and Restated Indenture (the "Amended Base Indenture"), which amended and restated the Amended and Restated Base Indenture, dated as of April 24, 2018 (as amended by Amendment No. 1 to the Base Indenture, dated as of March 19, 2019, Amendment No. 2 to the Base Indenture, dated as of June 15, 2019, Amendment No. 3 to the Base Indenture, dated as of September 17, 2019, Amendment No. 4 to the Base Indenture, dated as of July 6, 2020, Amendment No. 5 to the Base Indenture, dated as of December 14, 2020, Amendment No. 6 to the Base Indenture, dated as of March 30, 2021, Amendment No. 7 to the Base Indenture, dated as of March 30, 2021, Amendment No. 8 to the Base Indenture, dated as of September 29, 2021, Amendment No. 9 to the Base Indenture, dated as of October 5, 2022, Amendment No. 10 to the Base Indenture, dated as of July 3, 2024, Amendment No. 11 to the Base Indenture, dated as of July 29, 2024, and Amendment No. 12 t”
Debt Financings
Driven Brands Holdings Inc. incurred senior notes of $500 million with Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation at 5.296% Fixed Rate maturing Anticipated repayment date October 2030, final legal maturity October 2055.
“On October 20, 2025 (the "Closing Date"), Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (together, the "Co-Issuers", and each a wholly-owned subsidiary of Driven Brands Holdings Inc. (the "Company")), issued $500 million of Series 2025-1 5.296% Fixed Rate Senior Secured Notes, Class A-2 (the "2025-1 Class A-2 Senior Notes").”
Rebecca Fondell was appointed as Senior Vice President and Chief Accounting Officer at Driven Brands Holdings Inc..
“Driven Brands Holdings Inc. (the “Company”) has appointed Rebecca Fondell to serve as the Company’s Senior Vice President and Chief Accounting Officer (“CAO”) effective as of May 9, 2025.”
Daniel Rivera was elected as director at Driven Brands Holdings Inc..
“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.”
Daniel Rivera was appointed as President and Chief Executive Officer at Driven Brands Holdings Inc..
“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.”
Jonathan Fitzpatrick was appointed as Non-Executive Chair at Driven Brands Holdings Inc..
“The Board has also appointed Mr. Fitzpatrick to serve as the Non-Executive Chair of the Board following the Transition Date.”
Jonathan Fitzpatrick departed as President and Chief Executive Officer at Driven Brands Holdings Inc..
“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”).”
Michael Beland changed role as Principal Accounting Officer at Driven Brands Holdings Inc..
“Following the Effective Date, Mr. Beland will continue to serve in his prior role as the Company’s Principal Accounting Officer.”
Michael F. Diamond was appointed as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..
“The Company announced on August 1, 2024, that it had appointed Michael F. Diamond, age 42, to serve as its Executive Vice President and Chief Financial Officer (“CFO”) effective as of August 9, 2024”
Shareholder Votes
Driven Brands Holdings Inc. shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending December 28, 2024 at the 2024-05-09 meeting.
“Proposal 4. Ratification of the Appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending December 28, 2024 The Company's stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent public accounting firm for the fiscal year ending December 28, 2024. The results of the voting were as follows: Votes For Votes Against Abstentions 148,945,053 33,915 89,728”
Shareholder Votes
Driven Brands Holdings Inc. shareholders approved Approval of Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan at the 2024-05-09 meeting.
“Proposal 3. Approval of Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan The Company's stockholders approved the Amended and Restated Driven Brands Holdings Inc. 2021 Omnibus Plan. The results of the voting were as follows: Votes For Votes Against Abstentions 130,903,245 12,037,951 508,021”
Shareholder Votes
Driven Brands Holdings Inc. shareholders approved Advisory Vote to Approve the Compensation of Our Named Executive Officers at the 2024-05-09 meeting.
“Proposal 2. Advisory Vote to Approve the Compensation of Our Named Executive Officers The Company's stockholders approved, on a non-binding, advisory basis, the executive compensation of the Company's named executive officers for 2023. The results of the voting were as follows: Votes For Votes Against Abstentions 111,171,890 31,730,304 547,023”
Shareholder Votes
Driven Brands Holdings Inc. shareholders approved Election of Directors at the 2024-05-09 meeting.
“The Company held its Annual Meeting on May 9, 2024. The matters voted upon at the Annual Meeting and the final results of such voting are set forth below. A more complete description of each proposal is set forth in the Proxy Statement. Proposal 1. Election of Directors The Company's stockholders duly elected Neal Aronson, Jonathan Fitzpatrick, and Jose Tomás, by a majority of the votes cast, to serve as Class I directors until the 2027 annual meeting of stockholders and until his or her successor is elected and qualified. The results of the voting were as follows: Director Votes For Votes Withheld Neal Aronson 138,538,918 4,910,299 Jonathan Fitzpatrick 139,562,896 3,886,321 Jose Tomás 126,065,771 17,383,446”
Earnings Releases
Driven Brands Holdings Inc. reported the first quarter ending March 30, 2024 results: revenue $572 million, net income $4.3 million or $0.03 per diluted share, EPS $0.03 per diluted share. Guidance reaffirmed.
“DRVN) (“Driven Brands” or the “Company”) today reported financial results for the first quarter ending March 30, 2024. For the first quarter, Driven Brands delivered revenue of $572 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. Net Income”
Joel Arnao was appointed as interim Chief Financial Officer at Driven Brands Holdings Inc..
“and has appointed Joel Arnao, the Company’s current Senior Vice President, FP&A, Treasury, and Investor Relations, as the Company’s interim Chief Financial Officer”
Michael Beland changed role as principal financial officer at Driven Brands Holdings Inc..
“the Board of Directors of the Company has designated Michael Beland, the Company’s current Senior Vice President and Chief Accounting Officer, as the Company’s principal financial officer”
Gary W. Ferrera resigned as Executive Vice President and Chief Financial Officer at Driven Brands Holdings Inc..
“On April 26, 2024, Gary W. Ferrera, the Company’s Executive Vice President and Chief Financial Officer, notified the Company of his intent to resign from the Company to pursue a professional opportunity at a privately held company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.