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DUTCH BROS INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and DUTCH BROS INC.’s Form 8-K, filed 2024-05-20 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 9Ballot items
  • 267Asset managers
  • 1,257Fund votes
  • 2024-05-14Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore DUTCH BROS INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by DUTCH BROS INC.

These tallies are DUTCH BROS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-05-20 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

DUTCH BROS INC. — official shareholder meeting results, meeting held 2024-05-14
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Travis Boersma 748,433,1499,617,124175,508 --19,163,894 Majority: yes
Elect Director: Christine Barone 750,639,4587,406,061180,262 --19,163,894 Majority: yes
Elect Director: C. David Cone 757,809,436222,627193,718 --19,163,894 Majority: yes
Elect Director: Thomas Davis 739,179,66218,854,307191,812 --19,163,894 Majority: yes
Elect Director: Kathryn George 749,755,3438,278,064192,374 --19,163,894 Majority: yes
Elect Director: Stephen Gillett 734,999,62523,035,390190,766 --19,163,894 Majority: yes
Elect Director: Ann M. Miller 733,307,35424,732,660185,767 --19,163,894 Majority: yes
Proposal Two - Ratification of the Appointment of Independent Registered Public Accounting Firm . The appointment of KPMG LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2 776,432,963528,887427,825 ---- Majority: yes
Proposal Three - Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers . The compensation of the Company's named executive officers was approved, on a non-binding, advisory basis. 757,540,859450,901234,021 --19,163,894 Majority: yes

This meeting is also recorded here as 2024-05-13; both records come from the same filing, so the date should be checked against it.

Source: DUTCH BROS INC., Form 8-K, filed with the SEC on 2024-05-20 — read the filing on EDGAR.

How asset managers voted at the DUTCH BROS INC. 2023-2024 meeting

Each item below shows how the 267 asset managers that disclosed a DUTCH BROS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 16 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 757,540,859AGAINST: 450,901

DUTCH BROS INC.’s own tally for this item (“Proposal Three - Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers . The compensation of the Company's named executive officers was approved, on a non-binding, advisory basis”): 757,540,859 for, 450,901 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 260 asset managers below cast 99.9% of the shares they voted on this item FOR (87,277,440 for, 86,060 against).

FOR 99.8%
FOR: 87,277,440 (99.8%)AGAINST: 86,060 (0.1%)ABSTAIN: 77,095 (0.1%)
Largest asset managers voting on “Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
TSG Consumer Partners LP38,532,7700 00For
Fidelity6,519,9620 00For
T. Rowe Price6,275,6830 00For
Vanguard6,190,8170 00For
Citadel3,777,9670 00For
American Century2,766,3080 00For
MARSHALL WACE, LLP2,645,1310 00For
Columbia Threadneedle1,175,2780 00For
DRIEHAUS CAPITAL MANAGEMENT LLC1,172,4570 00For
Voya983,7500 00For
WASATCH ADVISORS LP912,3640 00For
Clearbridge Investments, LLC870,6840 00For
Two Sigma827,8170 00For
WASATCH FUNDS TRUST794,6450 00For
Federated Hermes774,1200 00For
Legg Mason738,1300 00For
MANE GLOBAL CAPITAL MANAGEMENT LP715,2470 00For
Charles Schwab700,1920 00For
LORD, ABBETT & CO. LLC700,0000 00For
Lord Abbett693,0380 00For
GEODE CAPITAL MANAGEMENT, LLC648,6050 00For
DE Shaw623,4410 00For
BALYASNY ASSET MANAGEMENT L.P.601,3490 00For
FULLER & THALER ASSET MANAGEMENT, INC.559,4540 00For
Bridge Builder Trust541,7980 00For

Showing the 25 largest of 260 asset managers. See all 260 in the interactive database.

2. Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for 2024.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 776,432,963AGAINST: 528,887

DUTCH BROS INC.’s own tally for this item (“Proposal Two - Ratification of the Appointment of Independent Registered Public Accounting Firm . The appointment of KPMG LLP as the Company's independent registered public accounting firm for the Company's fiscal year e”): 776,432,963 for, 528,887 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 52 asset managers below cast 99.9% of the shares they voted on this item FOR (19,293,471 for, 141 against).

FOR 99.9%
FOR: 19,293,471 (100.0%)AGAINST: 141 (0.0%)
Largest asset managers voting on “Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for 2024.” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,150,2050 00For
Fidelity2,519,2150 00For
T. Rowe Price2,508,0230 00For
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett693,0380 00For
Bridge Builder Trust541,7980 00For
Voya392,1600 00For
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust340,0400 00For
DRIEHAUS MUTUAL FUNDS251,3240 00For
Allspring159,1450 00For
Brinker Capital Destinations Trust68,1160 00For
Baird61,4100 00For
TRUST FOR PROFESSIONAL MANAGERS51,5930 00For
WESMARK FUNDS44,2850 00For
Northwestern Mutual41,7460 00For
John Hancock36,8100 00For
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

3. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Travis Boersma

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 748,433,149AGAINST: 9,617,124

DUTCH BROS INC.’s own tally for this item (“Elect Director: Travis Boersma”): 748,433,149 for, 9,617,124 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 80% of the shares they voted on this item FOR (15,391,287 for, 3,902,319 against).

FOR 80%AGAINST 20%
FOR: 15,391,287 (79.8%)AGAINST: 3,902,319 (20.2%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Travis Boersma” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,150,2050 00For
Fidelity2,519,2150 00For
T. Rowe Price2,508,0230 00For
American Century1,339,4540 00For
Columbia Threadneedle01,175,278 00Against
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya0392,160 00Against
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual41,7460 00For
John Hancock9,45127,359 00Against
WANGER ADVISORS TRUST036,299 00Against
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

4. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Christine Barone

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 750,639,458AGAINST: 7,406,061

DUTCH BROS INC.’s own tally for this item (“Elect Director: Christine Barone”): 750,639,458 for, 7,406,061 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 88% of the shares they voted on this item FOR (16,995,418 for, 2,298,188 against).

FOR 88%12%
FOR: 16,995,418 (88.1%)AGAINST: 2,298,188 (11.9%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Christine Barone” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,150,2050 00For
Fidelity2,519,2150 00For
T. Rowe Price2,508,0230 00For
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya392,1600 00For
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual41,7460 00For
John Hancock9,45127,359 00Against
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

5. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: C. David Cone

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 757,809,436AGAINST: 222,627

DUTCH BROS INC.’s own tally for this item (“Elect Director: C. David Cone”): 757,809,436 for, 222,627 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 100% of the shares they voted on this item FOR (19,293,606 for, 0 against).

FOR 100%
FOR: 19,293,606 (100.0%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: C. David Cone” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,150,2050 00For
Fidelity2,519,2150 00For
T. Rowe Price2,508,0230 00For
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett693,0380 00For
Bridge Builder Trust541,7980 00For
Voya392,1600 00For
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust340,0400 00For
DRIEHAUS MUTUAL FUNDS251,3240 00For
Allspring159,1450 00For
Brinker Capital Destinations Trust68,1160 00For
Baird61,4100 00For
TRUST FOR PROFESSIONAL MANAGERS51,5930 00For
WESMARK FUNDS44,2850 00For
Northwestern Mutual41,7460 00For
John Hancock36,8100 00For
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

6. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Thomas Davis

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 739,179,662AGAINST: 18,854,307

DUTCH BROS INC.’s own tally for this item (“Elect Director: Thomas Davis”): 739,179,662 for, 18,854,307 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 39% of the shares they voted on this item FOR (7,495,118 for, 11,798,488 against).

FOR 39%AGAINST 61%
FOR: 7,495,118 (38.8%)AGAINST: 11,798,488 (61.2%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Thomas Davis” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard06,150,205 00Against
Fidelity2,519,2150 00For
T. Rowe Price02,508,023 00Against
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya0392,160 00Against
Federated Hermes0387,060 00Against
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual041,746 00Against
John Hancock036,810 00Against
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

7. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Kathryn George

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 749,755,343AGAINST: 8,278,064

DUTCH BROS INC.’s own tally for this item (“Elect Director: Kathryn George”): 749,755,343 for, 8,278,064 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 86% of the shares they voted on this item FOR (16,628,061 for, 2,664,195 against).

FOR 86%14%
FOR: 16,628,061 (86.2%)AGAINST: 2,664,195 (13.8%)ABSTAIN: 1,350 (0.0%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Kathryn George” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard6,150,2050 00For
Fidelity2,519,2150 00For
T. Rowe Price2,508,0230 00For
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason738,1300 00For
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya392,1600 00For
Federated Hermes0387,060 00Against
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual41,7460 00For
John Hancock9,45127,359 00Against
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

8. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Stephen Gillett

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 734,999,625AGAINST: 23,035,390

DUTCH BROS INC.’s own tally for this item (“Elect Director: Stephen Gillett”): 734,999,625 for, 23,035,390 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 27% of the shares they voted on this item FOR (5,196,396 for, 14,097,210 against).

FOR 27%AGAINST 73%
FOR: 5,196,396 (26.9%)AGAINST: 14,097,210 (73.1%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Stephen Gillett” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard06,150,205 00Against
Fidelity587,5191,931,696 00Against
T. Rowe Price02,508,023 00Against
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason0738,130 00Against
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya0392,160 00Against
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab350,0960 00For
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual041,746 00Against
John Hancock036,810 00Against
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

9. Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Ann M. Miller

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 733,307,354AGAINST: 24,732,660

DUTCH BROS INC.’s own tally for this item (“Elect Director: Ann M. Miller”): 733,307,354 for, 24,732,660 against, per its Form 8-K filed 2024-05-20 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 51 asset managers below cast 22% of the shares they voted on this item FOR (4,286,103 for, 15,007,503 against).

FOR 22%AGAINST 78%
FOR: 4,286,103 (22.2%)AGAINST: 15,007,503 (77.8%)
Largest asset managers voting on “Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Ann M. Miller” at DUTCH BROS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard06,150,205 00Against
Fidelity31,4052,487,810 00Against
T. Rowe Price02,508,023 00Against
American Century1,339,4540 00For
Columbia Threadneedle1,175,2780 00For
WASATCH FUNDS TRUST794,6450 00For
Legg Mason0738,130 00Against
Lord Abbett0693,038 00Against
Bridge Builder Trust0541,798 00Against
Voya0392,160 00Against
Federated Hermes387,0600 00For
FENIMORE ASSET MANAGEMENT TRUST363,1470 00For
Charles Schwab0350,096 00Against
Capitol Series Trust0340,040 00Against
DRIEHAUS MUTUAL FUNDS0251,324 00Against
Allspring0159,145 00Against
Brinker Capital Destinations Trust068,116 00Against
Baird061,410 00Against
TRUST FOR PROFESSIONAL MANAGERS051,593 00Against
WESMARK FUNDS044,285 00Against
Northwestern Mutual041,746 00Against
John Hancock036,810 00Against
WANGER ADVISORS TRUST36,2990 00For
Harbor ETF Trust34,1360 00For
360 Funds33,1000 00For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

Largest DUTCH BROS INC. shareholders voting in 2023-2024

Ranked by the number of DUTCH BROS INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 154,204,000 shares outstanding at the time of that meeting.

Top DUTCH BROS INC. shareholders by shares voted, 2023-2024
#Asset manager % of shares outstanding
1TSG Consumer Partners LP 24.99%
2Fidelity 4.23%
3T. Rowe Price 4.07%
4Vanguard 4.01%
5Citadel 2.45%
6American Century 1.79%
7MARSHALL WACE, LLP 1.72%
8Columbia Threadneedle 0.76%
9DRIEHAUS CAPITAL MANAGEMENT LLC 0.76%
10Voya 0.64%

Reported DUTCH BROS INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

DUTCH BROS INC. beneficial owners on record for the 2023-2024 proxy season
Holder % outstanding Disclosure
Travis Boersma and affiliated entities 1 40.14% DEF14A
TSG Consumer Partners LP 30.19% 13G
Vanguard Group 7.29% 13F
FMR (Fidelity) 4.73% 13F
BlackRock 4.54% 13F
Citadel Advisors 3.56% 13F
T. Rowe Price Investment Management, Inc. 2.70% DEF14A
FMR LLC 2.67% DEF14A
Morgan Stanley 1.02% 13F
Millennium Management 0.93% 13F

Percentages above are of 154,204,000 shares outstanding, as reported by DUTCH BROS INC. on its Form 10-K dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from DUTCH BROS INC.’s 10-K dated 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At DUTCH BROS INC.'s shareholder meeting held 2024-05-14, in the 2023-2024 proxy season, 267 asset managers reported how they voted on 9 ballot items in their SEC Form N-PX filings, covering 1,257 separate fund positions. On the most widely held item on that ballot — Approval, on a non-binding, advisory basis, of the compensation of our named executive officers. — FOR was 99.9% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: DUTCH BROS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-05-20.

DUTCH BROS INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.