Driven Brands Announces Board & Executive Compensation Changes
Ticker: DRVN · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1804745
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
Driven Brands shakes up board and exec pay - watch for strategic shifts.
AI Summary
Driven Brands Holdings Inc. announced on December 9, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and appointed certain officers, alongside adjustments to their compensatory arrangements. The filing details these corporate governance and compensation updates.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct impact on immediate business operations.
Key Players & Entities
- Driven Brands Holdings Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- December 9, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and appointment of certain officers, but the specific names and details of these changes are not provided in the provided text.
What are the details of the compensatory arrangements for the newly appointed officers?
The filing mentions compensatory arrangements of certain officers but does not provide specific details or dollar amounts in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 9, 2024.
What is the principal executive office address for Driven Brands Holdings Inc.?
The principal executive office is located at 440 South Church Street, Suite 700, Charlotte, North Carolina.
What is the Commission file number for Driven Brands Holdings Inc.?
The Commission file number is 001-39898.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-12-12 16:47:00
Key Financial Figures
- $0.01 — t: Title of each class Common Stock, $0.01 par value Trading Symbol DRVN Name
Filing Documents
- drvn-20241209.htm (8-K) — 26KB
- 0001804745-24-000038.txt ( ) — 149KB
- drvn-20241209.xsd (EX-101.SCH) — 2KB
- drvn-20241209_lab.xml (EX-101.LAB) — 22KB
- drvn-20241209_pre.xml (EX-101.PRE) — 13KB
- drvn-20241209_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
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: December 12, 2024 By: /s/ Scott O'Melia Name: Scott O'Melia Title: Executive Vice President, General Counsel and Secretary