Driven Brands reports 2026 shareholder vote results
Driven Brands Holdings Inc. held its 2026 annual meeting of stockholders on July 28, 2026.
Rhea-AI Filing Summary
Driven Brands Holdings Inc. held its 2026 annual meeting of stockholders on July 28, 2026. Stockholders elected Damien Harmon, Chad Hume, and Karen Stroup as Class III directors, each to serve until the 2029 annual meeting and until a successor is elected and qualified.
Stockholders also approved, on a non-binding advisory basis, the 2025 compensation of the company’s named executive officers, with 127,319,236 votes for, 15,170,927 against, and 197,617 abstentions. In addition, they ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 26, 2026, receiving 152,628,351 votes for, 2,789,749 against, and 506,129 abstentions.
Positive
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8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Votes for Damien Harmon: 128,978,739
Votes for Chad Hume: 128,571,064
Votes for Karen Stroup: 124,100,868
+2 more
5 metrics
Votes for Damien Harmon
128,978,739
Election as Class III director at July 28, 2026 annual meeting
Votes for Chad Hume
128,571,064
Election as Class III director at July 28, 2026 annual meeting
Votes for Karen Stroup
124,100,868
Election as Class III director at July 28, 2026 annual meeting
Say-on-pay votes for 2025 compensation
127,319,236
Advisory approval of named executive officer compensation for 2025
Votes for ratifying PwC as auditor
152,628,351
Ratification for fiscal year ending December 26, 2026
Key Terms
Class III directors, non-binding, advisory basis, Independent Registered Public Accounting Firm, Inline XBRL, +1 more
5 terms
Class III directors regulatory
"to serve as Class III directors until the 2029 annual meeting of stockholders"
Class III directors are members of a company’s board assigned to one of several staggered term groups, so only that class faces election in a particular year while other classes stay in place. For investors this affects corporate control and takeover risk because staggered elections make it slower and harder for an outside group to replace a majority of directors quickly—think of it as a rotating schedule for board seats that provides continuity but can also entrench existing leadership.
non-binding, advisory basis regulatory
"approved, on a non-binding, advisory basis, the executive compensation of the Company’s named"
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
Independent Registered Public Accounting Firm regulatory
"appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Inline XBRL technical
"Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company o"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Driven Brands (DRVN) stockholders approve at the 2026 annual meeting?
Stockholders elected three Class III directors, approved on a non-binding basis the 2025 executive compensation, and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 26, 2026.
Which directors were elected at Driven Brands (DRVN) 2026 annual meeting and for how long?
Stockholders elected Damien Harmon, Chad Hume, and Karen Stroup as Class III directors. Each will serve until the 2029 annual meeting of stockholders and until a successor is elected and qualified.
How did Driven Brands (DRVN) stockholders vote on 2025 executive compensation?
The advisory vote on 2025 executive pay passed with 127,319,236 votes for, 15,170,927 against, and 197,617 abstentions. This reflects stockholder approval of the compensation of the company’s named executive officers on a non-binding basis.
What were the auditor ratification vote results for Driven Brands (DRVN)?
Stockholders ratified PricewaterhouseCoopers LLP as independent registered public accounting firm with 152,628,351 votes for, 2,789,749 against, and 506,129 abstentions for the fiscal year ending December 26, 2026.
When was Driven Brands (DRVN) 2026 annual stockholder meeting held?
The annual meeting of stockholders was held on July 28, 2026. At this meeting, stockholders voted on director elections, an advisory resolution on 2025 executive compensation, and ratification of the company’s independent registered public accounting firm.
Was the say-on-pay vote at Driven Brands (DRVN) binding on the company?
No. The vote approving 2025 executive compensation was expressly described as on a non-binding, advisory basis. It records stockholder views on pay practices but does not itself amend or require changes to compensation arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
