The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action and Settlement

This website relates to a proposed settlement of claims in a pending securities class action brought by investors alleging that Driven Brands Holdings Inc. (“Driven” or the “Company”) and certain of its executives, former Chief Executive Officer Jonathan G. Fitzpatrick and former Chief Financial Officer Tiffany L. Mason, violated federal securities laws by making false and misleading statements concerning certain aspects of Driven’s business.

Subject to Court approval, Lead Plaintiffs Genesee County Employees’ Retirement System (“Genesee”), Oakland County Employees’ Retirement System, and Oakland County Voluntary Employees’ Beneficiary Association (collectively “Oakland County,” and together with Genesee, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class (as defined below), have reached a proposed settlement of the Action for $25,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. The Settlement Class consists of:

all persons and entities who purchased Driven common stock during the period from October 27, 2021 through August 1, 2023, inclusive (the “Class Period”).

Excluded from the Settlement Class are: (i) Defendants; (ii) Immediate Family Members of both Individual Defendants; (iii) any person who is, or was during the Class Period, an officer or director of Driven and any of their Immediate Family Members; (iv) any affiliates or subsidiaries of Driven; (v) Roark Capital Management, LLC and its direct or indirect subsidiaries, related investment funds, or other affiliates, including Driven Equity LLC and RC IV Cayman ICW Holdings LLC, and any members of those entities; (vi) any entity in which any excluded person has or had a controlling interest; and (vii) the legal representatives, heirs, agents, affiliates, successors, or assigns of any such excluded persons and entities. Also excluded from the Settlement Class are any persons or entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court in accordance with the requirements set forth in the Notice.

Please read the Notice to fully understand your rights. Copies of the Notice and Claim Form can be found on the Important Documents page.

The deadline to submit a Claim Form to be eligible to participate in the Settlement is July 6, 2026. Payments to eligible claimants will be made only after the Settlement and Plan of Allocation are approved and any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:
SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN JULY 6, 2026. This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 30 in the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 31 in the Notice), so it is in your interest to submit a Claim Form.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN MAY 11, 2026. If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN MAY 11, 2026. If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.
GO TO A HEARING ON JUNE 1, 2026, AT 9:45 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN MAY 11, 2026. Filing a written objection and notice of intention to appear by May 11, 2026 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
DO NOTHING. If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.
These rights and options—and the deadlines to exercise them—are further explained in the Notice.

Please Note: the date and time of the Settlement Hearing—currently scheduled for June 1, 2026, at 9:45 a.m.—is subject to change without further notice to the Settlement Class. If you plan to attend the hearing, you should check this Settlement website, www.DrivenBrandsSecuritiesLitigation.com, or with Lead Counsel (as set forth in ¶ 66 on page 13 of the Notice) to confirm that no change to the date and/or time of the hearing has been made.