[8-K] Driven Brands Holdings Inc. Reports Material Event
Driven Brands Holdings Inc. elected Muhammad Khalid as Executive Vice President and Chief Operating Officer effective August 25, 2025. Mr. Khalid, 44, currently serves as Executive Vice President and President of Take 5 (since February 2023) and previously held leadership roles at Great Wolf Resorts, Meineke (including a prior COO role at Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank and J.P. Morgan Chase. His compensation package includes an annual base salary of $575,000, eligibility for an annual performance-based cash bonus with a 100% target of base salary, and eligibility for annual equity grants (RSUs and PSUs) with a 250% target of base salary under the Company鈥檚 2021 Omnibus Incentive Plan. The filing states there are no related-party arrangements or family relationships requiring disclosure, and a press release announcing the appointment is furnished with the report.
Driven Brands Holdings Inc. ha nominato Muhammad Khalid Executive Vice President e Chief Operating Officer a partire dal 25 agosto 2025. Il Sig. Khalid, 44 anni, 猫 attualmente Executive Vice President e President di Take 5 (dal febbraio 2023) e ha ricoperto in precedenza ruoli di leadership presso Great Wolf Resorts, Meineke (incluso un precedente incarico da COO presso Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank e J.P. Morgan Chase. Il suo pacchetto retributivo prevede uno stipendio base annuo di $575.000, l鈥檌doneit脿 a un bonus in contanti annuale legato alla performance con un obiettivo del 100% dello stipendio base e l鈥檌doneit脿 a concessioni azionarie annuali (RSU e PSU) con un obiettivo del 250% dello stipendio base ai sensi del Piano Incentivi Omnibus 2021 della Societ脿. La documentazione indica che non esistono accordi tra parti correlate o rapporti familiari da dichiarare, e un comunicato stampa che annuncia la nomina 猫 allegato al rapporto.
Driven Brands Holdings Inc. eligi贸 a Muhammad Khalid como Executive Vice President y Chief Operating Officer, con vigencia desde el 25 de agosto de 2025. El Sr. Khalid, de 44 a帽os, se desempe帽a actualmente como Executive Vice President y President de Take 5 (desde febrero de 2023) y anteriormente ocup贸 puestos de liderazgo en Great Wolf Resorts, Meineke (incluida una anterior funci贸n de COO en Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank y J.P. Morgan Chase. Su paquete de compensaci贸n incluye un salario base anual de $575,000, elegibilidad para un bono anual en efectivo basado en el desempe帽o con un objetivo del 100% del salario base, y elegibilidad para concesiones de acciones anuales (RSU y PSU) con un objetivo del 250% del salario base bajo el Plan Omnibus de Incentivos 2021 de la Compa帽铆a. La presentaci贸n indica que no existen acuerdos entre partes relacionadas ni relaciones familiares que requieran divulgaci贸n, y se adjunta un comunicado de prensa que anuncia el nombramiento.
Driven Brands Holdings Inc.電� Muhammad Khalid毳� 2025雲� 8鞗� 25鞚茧秬搿� Executive Vice President 瓴� Chief Operating Officer搿� 靹犾瀯頄堨姷雼堧嫟. Khalid(44靹�) 鞌姅 順勳灛 Take 5鞚� Executive Vice President鞚挫瀽 President(2023雲� 2鞗� 旆瀯)搿� 鞛 欷戩澊氅�, 鞚挫爠鞐愲姅 Great Wolf Resorts, Meineke(Driven Brands鞐愳劀鞚� 鞚挫爠 COO 歆侅眳 韽暔), Starwood Hotels & Resorts, Burger King, Deutsche Bank 氚� J.P. Morgan Chase鞐愳劀 毽崝鞁� 鞐暊鞚� 靾橅枆頄堨姷雼堧嫟. 攴胳潣 氤挫儊 韺偆歆�鞐愲姅 鞐瓣皠 旮半掣旮� $575,000, 旮半掣旮夓潣 100%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 靹标臣 旮半皹 順勱笀 氤措剤鞀� 雽�靸� 鞛愱博, 攴鸽Μ瓿� 須岇偓鞚� 2021雲� 韱淀暕 鞚胳劶韹半笇 頂岆灉鞐� 霐半澕 旮半掣旮夓潣 250%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 欤检嫕 氤挫儊(RSU 氚� PSU) 雽�靸� 鞛愱博鞚� 韽暔霅╇媹雼�. 鞝滌稖 靹滊鞐愲姅 瓿店皽臧� 頃勳殧頃� 甏�霠瀽 瓯半灅雮� 臧�臁� 甏�瓿勱皜 鞐嗠嫟瓿� 氇呾嫓霅橃柎 鞛堨溂氅�, 鞛勲獏 氚滍憸 氤措弰鞛愲臧� 氤搓碃靹滌棎 頃粯 鞝滉车霅橃棃鞀惦媹雼�.
Driven Brands Holdings Inc. a nomm茅 Muhammad Khalid Executive Vice President et Chief Operating Officer, 脿 compter du 25 ao没t 2025. M. Khalid, 44 ans, occupe actuellement les fonctions d鈥橢xecutive Vice President et de President de Take 5 (depuis f茅vrier 2023) et a pr茅c茅demment exerc茅 des postes de direction chez Great Wolf Resorts, Meineke (y compris un pr茅c茅dent poste de COO chez Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank et J.P. Morgan Chase. Son package de r茅mun茅ration comprend un salaire de base annuel de 575 000 $, l鈥櫭﹍igibilit茅 脿 un bonus annuel en esp猫ces fond茅 sur la performance avec un objectif de 100% du salaire de base, et l鈥櫭﹍igibilit茅 脿 des attributions annuelles d鈥檃ctions (RSU et PSU) avec un objectif de 250% du salaire de base au titre du Plan d鈥檌ncitation global 2021 de la Soci茅t茅. Le dossier indique qu鈥檌l n鈥檈xiste pas d鈥檃ccords entre parties li茅es ni de liens familiaux 脿 divulguer, et un communiqu茅 de presse annon莽ant la nomination est fourni avec le rapport.
Driven Brands Holdings Inc. hat Muhammad Khalid mit Wirkung zum 25. August 2025 zum Executive Vice President und Chief Operating Officer ernannt. Herr Khalid, 44, ist derzeit Executive Vice President und President von Take 5 (seit Februar 2023) und hatte zuvor F眉hrungspositionen bei Great Wolf Resorts, Meineke (einschlie脽lich einer fr眉heren COO-Position bei Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank und J.P. Morgan Chase inne. Sein Verg眉tungspaket umfasst ein j盲hrliches Grundgehalt von $575.000, die Berechtigung zu einem j盲hrlichen leistungsabh盲ngigen Barbonus mit einem Ziel von 100% des Grundgehalts sowie die Berechtigung zu j盲hrlichen Aktienzuteilungen (RSUs und PSUs) mit einem Ziel von 250% des Grundgehalts gem盲脽 dem Omnibus-Incentive-Plan 2021 des Unternehmens. Die Einreichung gibt an, dass keine transaktions- oder familienbezogenen Beziehungen offenzulegen sind, und eine Pressemitteilung zur Bekanntgabe der Ernennung ist dem Bericht beigef眉gt.
- Experienced hire: Mr. Khalid has leadership roles at Take 5, Great Wolf Resorts, Meineke, Starwood, Burger King, Deutsche Bank and J.P. Morgan Chase.
- Prior company experience: He previously served as Vice President and COO of Meineke at Driven Brands, providing continuity with company operations.
- Performance-aligned pay: Compensation includes a 100% target annual cash bonus and equity grants targeted at 250% of base salary, linking pay to results.
- Clear governance disclosure: Filing states no related-party arrangements or family relationships requiring disclosure and furnishes a press release.
- None.
Insights
TL;DR: Appointment of an experienced operations leader with prior company and industry exposure; compensation ties pay to performance.
The selection of Muhammad Khalid brings an executive with cross-industry operations experience and prior roles at Driven Brands and Meineke, which may support operational continuity and execution. The package combines fixed pay with significant performance-linked incentives (100% cash bonus target and equity target equal to 250% of base salary), aligning pay with company performance. The filing explicitly states no related-party transactions or familial ties and notes the press release is furnished rather than filed.
TL;DR: Routine leadership appointment; compensation is sizeable but disclosed and structured toward performance.
The disclosure is concise and conforms to required Item 5.02 and Item 7.01 information: effective date, biography, and detailed target compensation elements are provided. The executive鈥檚 prior internal experience at Driven Brands and industry roles are noted, which reduces governance friction risk. No additional financial statements or material transactions were disclosed.
Driven Brands Holdings Inc. ha nominato Muhammad Khalid Executive Vice President e Chief Operating Officer a partire dal 25 agosto 2025. Il Sig. Khalid, 44 anni, 猫 attualmente Executive Vice President e President di Take 5 (dal febbraio 2023) e ha ricoperto in precedenza ruoli di leadership presso Great Wolf Resorts, Meineke (incluso un precedente incarico da COO presso Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank e J.P. Morgan Chase. Il suo pacchetto retributivo prevede uno stipendio base annuo di $575.000, l鈥檌doneit脿 a un bonus in contanti annuale legato alla performance con un obiettivo del 100% dello stipendio base e l鈥檌doneit脿 a concessioni azionarie annuali (RSU e PSU) con un obiettivo del 250% dello stipendio base ai sensi del Piano Incentivi Omnibus 2021 della Societ脿. La documentazione indica che non esistono accordi tra parti correlate o rapporti familiari da dichiarare, e un comunicato stampa che annuncia la nomina 猫 allegato al rapporto.
Driven Brands Holdings Inc. eligi贸 a Muhammad Khalid como Executive Vice President y Chief Operating Officer, con vigencia desde el 25 de agosto de 2025. El Sr. Khalid, de 44 a帽os, se desempe帽a actualmente como Executive Vice President y President de Take 5 (desde febrero de 2023) y anteriormente ocup贸 puestos de liderazgo en Great Wolf Resorts, Meineke (incluida una anterior funci贸n de COO en Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank y J.P. Morgan Chase. Su paquete de compensaci贸n incluye un salario base anual de $575,000, elegibilidad para un bono anual en efectivo basado en el desempe帽o con un objetivo del 100% del salario base, y elegibilidad para concesiones de acciones anuales (RSU y PSU) con un objetivo del 250% del salario base bajo el Plan Omnibus de Incentivos 2021 de la Compa帽铆a. La presentaci贸n indica que no existen acuerdos entre partes relacionadas ni relaciones familiares que requieran divulgaci贸n, y se adjunta un comunicado de prensa que anuncia el nombramiento.
Driven Brands Holdings Inc.電� Muhammad Khalid毳� 2025雲� 8鞗� 25鞚茧秬搿� Executive Vice President 瓴� Chief Operating Officer搿� 靹犾瀯頄堨姷雼堧嫟. Khalid(44靹�) 鞌姅 順勳灛 Take 5鞚� Executive Vice President鞚挫瀽 President(2023雲� 2鞗� 旆瀯)搿� 鞛 欷戩澊氅�, 鞚挫爠鞐愲姅 Great Wolf Resorts, Meineke(Driven Brands鞐愳劀鞚� 鞚挫爠 COO 歆侅眳 韽暔), Starwood Hotels & Resorts, Burger King, Deutsche Bank 氚� J.P. Morgan Chase鞐愳劀 毽崝鞁� 鞐暊鞚� 靾橅枆頄堨姷雼堧嫟. 攴胳潣 氤挫儊 韺偆歆�鞐愲姅 鞐瓣皠 旮半掣旮� $575,000, 旮半掣旮夓潣 100%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 靹标臣 旮半皹 順勱笀 氤措剤鞀� 雽�靸� 鞛愱博, 攴鸽Μ瓿� 須岇偓鞚� 2021雲� 韱淀暕 鞚胳劶韹半笇 頂岆灉鞐� 霐半澕 旮半掣旮夓潣 250%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 欤检嫕 氤挫儊(RSU 氚� PSU) 雽�靸� 鞛愱博鞚� 韽暔霅╇媹雼�. 鞝滌稖 靹滊鞐愲姅 瓿店皽臧� 頃勳殧頃� 甏�霠瀽 瓯半灅雮� 臧�臁� 甏�瓿勱皜 鞐嗠嫟瓿� 氇呾嫓霅橃柎 鞛堨溂氅�, 鞛勲獏 氚滍憸 氤措弰鞛愲臧� 氤搓碃靹滌棎 頃粯 鞝滉车霅橃棃鞀惦媹雼�.
Driven Brands Holdings Inc. a nomm茅 Muhammad Khalid Executive Vice President et Chief Operating Officer, 脿 compter du 25 ao没t 2025. M. Khalid, 44 ans, occupe actuellement les fonctions d鈥橢xecutive Vice President et de President de Take 5 (depuis f茅vrier 2023) et a pr茅c茅demment exerc茅 des postes de direction chez Great Wolf Resorts, Meineke (y compris un pr茅c茅dent poste de COO chez Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank et J.P. Morgan Chase. Son package de r茅mun茅ration comprend un salaire de base annuel de 575 000 $, l鈥櫭﹍igibilit茅 脿 un bonus annuel en esp猫ces fond茅 sur la performance avec un objectif de 100% du salaire de base, et l鈥櫭﹍igibilit茅 脿 des attributions annuelles d鈥檃ctions (RSU et PSU) avec un objectif de 250% du salaire de base au titre du Plan d鈥檌ncitation global 2021 de la Soci茅t茅. Le dossier indique qu鈥檌l n鈥檈xiste pas d鈥檃ccords entre parties li茅es ni de liens familiaux 脿 divulguer, et un communiqu茅 de presse annon莽ant la nomination est fourni avec le rapport.
Driven Brands Holdings Inc. hat Muhammad Khalid mit Wirkung zum 25. August 2025 zum Executive Vice President und Chief Operating Officer ernannt. Herr Khalid, 44, ist derzeit Executive Vice President und President von Take 5 (seit Februar 2023) und hatte zuvor F眉hrungspositionen bei Great Wolf Resorts, Meineke (einschlie脽lich einer fr眉heren COO-Position bei Driven Brands), Starwood Hotels & Resorts, Burger King, Deutsche Bank und J.P. Morgan Chase inne. Sein Verg眉tungspaket umfasst ein j盲hrliches Grundgehalt von $575.000, die Berechtigung zu einem j盲hrlichen leistungsabh盲ngigen Barbonus mit einem Ziel von 100% des Grundgehalts sowie die Berechtigung zu j盲hrlichen Aktienzuteilungen (RSUs und PSUs) mit einem Ziel von 250% des Grundgehalts gem盲脽 dem Omnibus-Incentive-Plan 2021 des Unternehmens. Die Einreichung gibt an, dass keine transaktions- oder familienbezogenen Beziehungen offenzulegen sind, und eine Pressemitteilung zur Bekanntgabe der Ernennung ist dem Bericht beigef眉gt.
FAQ
Who has Driven Brands (DRVN) appointed as Chief Operating Officer?
What is Muhammad Khalid鈥檚 annual base salary at Driven Brands?
How is Mr. Khalid鈥檚 compensation structured?
Does the filing disclose any related-party transactions involving Mr. Khalid?
Was a press release issued about the appointment?
