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Get filing alertsCritical incident detected
Fraud / investigation
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Delisting (new) — Company received formal Nasdaq non-compliance notice for failing to timely file quarterly report, creating potential delisting risk if not resolved.
- Restatement (new) — The Q1 2026 filing delay stems from a restatement of previously issued financial statements, indicating material accounting errors in prior periods.
Driven Brands receives Nasdaq delisting notice for late Q1 filing tied to restatement
Filed June 5, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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high
Nasdaq issued non-compliance notice on June 1 for failure to file Q1 2026 quarterly report on time. Company has until July 31 to submit compliance plan and up to 180 days to regain compliance.
Item 8.01 view on EDGAR → -
high
Q1 filing delay stems from restatement of prior financial statements, which also delayed the 2025 annual report. This indicates potential accounting issues requiring correction of historical financials.
Item 8.01 view on EDGAR → -
medium
Company previously resolved similar Nasdaq notice for late 2025 10-K by filing on May 19, 2026. Nasdaq confirmed compliance on May 29, just days before this new notice.
Item 8.01 view on EDGAR → -
medium
Notice does not immediately affect trading on Nasdaq Global Select Market. Company states it is working to file Q1 report 'as soon as reasonably practicable' but provides no target date.
Item 8.01 view on EDGAR →
Summary
Driven Brands disclosed it received a Nasdaq non-compliance notice on June 1, 2026 for failing to file its first quarter 2026 earnings report on time. The company has 60 days to submit a compliance plan and could receive up to 180 days to file the delayed report before facing potential delisting.
This is the second such notice in recent months—the company just resolved a similar issue for its late 2025 annual report on May 29, days before this new notice arrived. The root cause is more concerning than the procedural delay: Driven Brands is restating previously issued financial statements, which cascaded into delays for both the 2025 annual report and the Q1 2026 quarterly filing.
Financial restatements typically signal material accounting errors or control weaknesses that required correction of historical results. While the stock continues trading normally for now, the combination of repeat filing delays and a restatement raises questions about the company's financial reporting processes. The company provided no specific timeline beyond 'as soon as reasonably practicable,' leaving uncertainty about when normal reporting will resume.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
Driven Brands received a Nasdaq notice, details disclosed in attached press release dated June 5, 2026.
Added in current filing · verify on EDGAR →
Press Release, dated June 5, 2026, announcing receipt of Nasdaq Notice
The company filed an 8-K to disclose receipt of a notice from Nasdaq. The specific nature and content of the Nasdaq notice are contained in the attached press release (Exhibit 99.1), which is not included in this filing body. Nasdaq notices typically relate to listing compliance matters such as minimum bid price requirements, financial reporting delays, or other exchange rule violations.
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 1, 2026, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Company’s delay in filing its 1Q2026 10-Q, the Company is not currently in compliance with Nasdaq Listing Rule 5250(c) (1) (the “Rule”), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market.
Driven Brands received a non-compliance notice from Nasdaq on June 1, 2026 for failing to timely file its quarterly report for the quarter ended March 28, 2026. While the notice does not immediately affect trading, the company must submit a compliance plan by July 31, 2026 and could have up to 180 days (until November 25, 2026) to regain compliance.
Added in current filing · verify on EDGAR →
Nasdaq previously delivered a notice to the Company on April 15, 2026 notifying the Company that, as a result of the delay in filing its 2025 10-K, the Company was not in compliance with the Rule. The Company filed the 2025 10-K with the SEC on May 19, 2026. On May 29, 2026, Nasdaq delivered a notice to the Company indicating that as a result of the filing of the 2025 10-K on May 19, 2026, the Company returned to compliance with the Rule.
The company previously received a similar Nasdaq non-compliance notice on April 15, 2026 for its delayed 2025 annual report. That issue was resolved when the company filed the 2025 10-K on May 19, 2026, and Nasdaq confirmed compliance on May 29, 2026.
Event · Item 7.01 — Regulation FD Disclosure
Company issued press release disclosing receipt of a Notice; details not provided in 8-K body.
Added in current filing · verify on EDGAR →
On June 5, 2026, the Company issued a press release disclosing the receipt of the Notice.
The company disclosed receiving a Notice and issued a press release about it on June 5, 2026. The 8-K does not specify the nature, source, or content of the Notice in the body text; details would be in the attached press release (Exhibit 99.1). This is a Regulation FD disclosure, meaning material non-public information is being publicly disseminated.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify