Driven Brands Holdings Inc 2024年度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 28, 2024 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number:001-39898 Driven Brands Holdings Inc. (Exact name of Registrant as specified in its charter) Delaware(State or other jurisdiction of incorporation or organization) 47-3595252(I.R.S. Employer Identification No.) 440 South Church Street,Suite 700Charlotte,North Carolina(Address of principal executive offices) (Zip Code) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. Seedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Small reporting company☐Emerging growth company☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting underSection 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the outstanding common stock, other than shares held by persons who may be deemed affiliates, was approximately $747.8million as of June 29, 2024, the lastbusiness day of the registrant’s most recently completed second fiscal quarter. As of February24, 2025, there were163,836,640shares of Common Stock of the registrant outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement for the 2025 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission pursuant to Regulation 14A notlater than 120 days after the end of the fiscal year covered by this Form 10-K, are incorporated by reference in Part III, Items 10-14 of this Form 10-K. Driven Brands Holdings Inc. Table of Contents PagePART IItem 1. Business5Item 1A. Risk Factors11Item 1B. Unresolved Staff Comments36Item 1C. Cybersecurity36Item 2. Properties37Item 3. Legal Proceedings38Item 4. Mine Safety Disclosures38 PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities39Item 6. Reserved40Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations41Item 7A. Quantitative and Qualitative Disclosures About Market Risk60Item 8. Financial Statements, Supplementary Data, and Reports of Independent Registered Public Accounting Firm(PCAOB ID Number238)61Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure103Item 9A. Controls and Procedures103Item 9B. Other Information103Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections103 Item 10. Directors, Executive Officers and Corporate Governance104Item 11. Executive Compensation105Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters105Item 13. Certain Relationships and Related Transactions, and Director Independence105Item 14. Principal Accounting Fees and Services105