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- Restatement (new) — Company plans to restate two full years and three quarters of previously reported financial statements.
Driven Brands to restate two years of financials, secures lender waiver for defaults
Filed April 27, 2026 · Period ending April 24, 2026 · ~1 min read
Key Changes
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Company will restate financial statements for fiscal 2023, 2024, and first three quarters of 2025. The 8-K does not disclose the nature or magnitude of errors requiring correction.
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Lenders waived defaults triggered by the restatement notification, indicating the announcement itself violated credit agreement covenants and could have allowed lenders to accelerate the debt.
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Filing deadline for fiscal 2025 results extended to June 10, 2026 (165 days after year-end vs. standard 90 days). Q1 2026 results due 45 days after that.
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1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify