Driven Brands: Director Changes and Officer Compensation Update
Ticker: DRVN · Form: 8-K · Filed: Aug 25, 2025 · CIK: 1804745
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-changes
TL;DR
Driven Brands board shakeup: Foster out, Collins in. Officer comp details also filed.
AI Summary
Driven Brands Holdings Inc. announced on August 25, 2025, the departure of director Jonathan R. Foster and the election of new director Michael T. Collins. The company also reported on compensatory arrangements for certain officers. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters like director departures and appointments, and officer compensation disclosures, which are standard for public companies.
Key Players & Entities
- Driven Brands Holdings Inc. (company) — Registrant
- Jonathan R. Foster (person) — Departing Director
- Michael T. Collins (person) — Newly Elected Director
- August 25, 2025 (date) — Report Date
FAQ
Who has departed from the board of directors at Driven Brands Holdings Inc.?
Jonathan R. Foster has departed from the board of directors.
Who has been elected as a new director to the board of Driven Brands Holdings Inc.?
Michael T. Collins has been elected as a new director.
What is the exact date of this 8-K filing?
The exact date of this 8-K filing is August 25, 2025.
What specific items are being reported in this 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
What is the state of incorporation for Driven Brands Holdings Inc.?
Driven Brands Holdings Inc. is incorporated in Delaware.
Filing Stats: 847 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2025-08-25 07:52:24
Key Financial Figures
- $0.01 — t: Title of each class Common Stock, $0.01 par value Trading Symbol DRVN Name
- $575,000 — d will receive an annual base salary of $575,000, will be eligible to receive an annual
Filing Documents
- drvn-20250825.htm (8-K) — 29KB
- a991_augustorgxpressrele.htm (EX-99.1) — 7KB
- a991_augustorgxpressrele001.jpg (GRAPHIC) — 266KB
- a991_augustorgxpressrele002.jpg (GRAPHIC) — 192KB
- 0001804745-25-000077.txt ( ) — 788KB
- drvn-20250825.xsd (EX-101.SCH) — 2KB
- drvn-20250825_lab.xml (EX-101.LAB) — 22KB
- drvn-20250825_pre.xml (EX-101.PRE) — 13KB
- drvn-20250825_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The Company issued a press release announcing that it has elected Mr. Khalid to serve as COO. A copy of the press release announcing these elections is being furnished with this report and is incorporated herein by reference. Note: The information provided pursuant to Item 7.01 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated August 25, 2025 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: August 25, 2025 By: /s/ Scott O'Melia Name: Scott O'Melia Title: Executive Vice President, Chief Legal Officer