Driven Brands Appoints New Director
Ticker: DRVN · Form: 8-K · Filed: May 14, 2024 · CIK: 1804745
Sentiment: neutral
Topics: governance, board-appointment
TL;DR
Driven Brands adds Jonathan Rose to its board, effective May 9, 2024.
AI Summary
Driven Brands Holdings Inc. announced on May 9, 2024, that its Board of Directors has appointed Jonathan F. P. Rose as a new Class II director, effective immediately. Rose, who will serve until the 2026 annual meeting of stockholders, brings extensive experience in real estate development and investment, particularly in urban revitalization and sustainable development.
Why It Matters
The appointment of a new director with a background in real estate and investment could signal strategic shifts or new growth opportunities for Driven Brands, which operates a portfolio of automotive service businesses.
Risk Assessment
Risk Level: low — This filing is a routine corporate governance update regarding board composition and does not involve financial performance or significant operational changes.
Key Players & Entities
- Driven Brands Holdings Inc. (company) — Registrant
- Jonathan F. P. Rose (person) — Newly appointed Class II director
- May 9, 2024 (date) — Effective date of appointment
- 2026 (date) — Term end year for the new director
FAQ
Who is Jonathan F. P. Rose and what is his background?
Jonathan F. P. Rose is a newly appointed Class II director for Driven Brands Holdings Inc. He is known for his extensive experience in real estate development and investment, particularly in urban revitalization and sustainable development.
When was Jonathan F. P. Rose appointed to the board?
Jonathan F. P. Rose was appointed as a Class II director, effective May 9, 2024.
What is the term length for the new director?
The new director, Jonathan F. P. Rose, will serve until the 2026 annual meeting of stockholders.
What class of director was Jonathan F. P. Rose appointed as?
Jonathan F. P. Rose was appointed as a Class II director.
What is the primary business of Driven Brands Holdings Inc.?
Driven Brands Holdings Inc. is involved in the automotive repair, services, and parking industry, operating a portfolio of automotive service businesses.
Filing Stats: 876 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-05-14 16:20:58
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value DRVN The Nasdaq Global Se
Filing Documents
- d823653d8k.htm (8-K) — 36KB
- 0001193125-24-138265.txt ( ) — 157KB
- drvn-20240509.xsd (EX-101.SCH) — 3KB
- drvn-20240509_lab.xml (EX-101.LAB) — 18KB
- drvn-20240509_pre.xml (EX-101.PRE) — 11KB
- d823653d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DRIVEN BRANDS HOLDINGS INC. Date: May 14, 2024 By: /s/ Scott O'Melia Name: Scott O'Melia Title: Executive Vice President, General Counsel and Secretary