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Compiled from SEC Form N-PX filings and Dutch Bros Inc.’s Form 8-K, filed 2026-05-15 (Item 5.07 on EDGAR). Page generated 04 October 2026.
Explore Dutch Bros Inc. in the interactive database Compare manager voting policies
These tallies are Dutch Bros Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-15 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Travis Boersma | 419,401,112 | 19,203,533 | 100,511 | -- | 19,752,208 | Majority: yes |
| Elect Director: Christine Barone | 437,150,194 | 1,476,440 | 78,522 | -- | 19,752,208 | Majority: yes |
| Elect Director: C. David Cone | 436,848,583 | 1,750,742 | 105,831 | -- | 19,752,208 | Majority: yes |
| Elect Director: Stephen Gillett | 403,698,912 | 34,886,195 | 120,049 | -- | 19,752,208 | Majority: yes |
| Elect Director: G.J. Hart | 436,732,675 | 1,866,441 | 106,040 | -- | 19,752,208 | Majority: yes |
| Elect Director: Kory Marchisotto | 413,057,353 | 25,512,748 | 135,055 | -- | 19,752,208 | Majority: yes |
| Elect Director: Scott Maw | 437,123,642 | 1,473,361 | 108,153 | -- | 19,752,208 | Majority: yes |
| Elect Director: Ann Miller | 401,472,810 | 37,116,565 | 115,781 | -- | 19,752,208 | Majority: yes |
| Elect Director: Todd Penegor | 402,388,829 | 36,210,748 | 105,579 | -- | 19,752,208 | 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 | 456,580,917 | 1,658,742 | 217,705 | -- | -- | 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. | 437,453,320 | 1,088,485 | 163,351 | -- | 19,752,208 | Majority: yes |
Source: Dutch Bros Inc., Form 8-K, filed with the SEC on 2026-05-15 — read the filing on EDGAR.
Each item below shows how the 507 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Dutch Bros Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Meeting held 2026-05-13.
Combines 12 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
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”): 437,453,320 for, 1,088,485 against, per its Form 8-K filed 2026-05-15 (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 497 asset managers below cast 99.7% of the shares they voted on this item FOR (108,237,301 for, 285,892 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 18,879,474 | 0 | 0 | 0 | For |
| T. Rowe Price | 17,322,497 | 0 | 0 | 0 | For |
| Vanguard | 11,913,186 | 2 | 0 | 0 | For |
| BlackRock | 9,218,233 | 0 | 0 | 0 | For |
| American Century | 2,558,473 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 2,466,809 | 0 | 0 | 0 | For |
| Charles Schwab | 2,409,616 | 0 | 0 | 0 | For |
| Voya | 2,073,230 | 0 | 0 | 0 | For |
| WESTFIELD CAPITAL MANAGEMENT CO LP | 1,967,251 | 0 | 0 | 0 | For |
| State Street | 1,656,664 | 0 | 0 | 0 | For |
| Invesco | 1,597,031 | 0 | 0 | 0 | For |
| Wellington | 1,430,807 | 0 | 0 | 0 | For |
| Federated Hermes | 1,220,192 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,181,939 | 0 | 0 | 0 | For |
| Allspring | 1,144,860 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 1,084,843 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 966,999 | 0 | 0 | 0 | For |
| Clearbridge Investments, LLC | 862,010 | 0 | 0 | 0 | For |
| EAGLE ASSET MANAGEMENT INC | 824,296 | 0 | 0 | 0 | For |
| 1832 Asset Management L.P. | 782,700 | 0 | 0 | 0 | For |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 725,998 | 0 | 0 | 0 | For |
| CANADA PENSION PLAN INVESTMENT BOARD | 717,042 | 0 | 0 | 0 | For |
Showing the 25 largest of 497 asset managers. See all 497 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
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”): 456,580,917 for, 1,658,742 against, per its Form 8-K filed 2026-05-15 (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 97 asset managers below cast 99.9% of the shares they voted on this item FOR (50,337,425 for, 3,407 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 903,873 | 0 | 0 | 0 | For |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Ann Miller”): 401,472,810 for, 37,116,565 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 62% of the shares they voted on this item FOR (31,316,253 for, 19,014,274 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,918,804 | 6,239 | 0 | 0 | For |
| Fidelity | 7,895,659 | 2,010,968 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 759 | 1,198,588 | 0 | 0 | Against |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 0 | 716,754 | 0 | 0 | Against |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 0 | 677,095 | 0 | 0 | Against |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 0 | 404,133 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | For |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 59,762 | 166,539 | 0 | 0 | Against |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 6 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: C. David Cone”): 436,848,583 for, 1,750,742 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 98% of the shares they voted on this item FOR (49,289,737 for, 1,040,794 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,041 | 5 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 165,919 | 133,546 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Christine Barone”): 437,150,194 for, 1,476,440 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 98% of the shares they voted on this item FOR (49,423,286 for, 907,246 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 6 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: G.J. Hart”): 436,732,675 for, 1,866,441 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 98% of the shares they voted on this item FOR (49,289,740 for, 1,040,792 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 165,919 | 133,546 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Kory Marchisotto”): 413,057,353 for, 25,512,748 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 73% of the shares they voted on this item FOR (36,635,716 for, 13,694,815 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,924,988 | 58 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | For |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 110,240 | 116,061 | 0 | 0 | Against |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Scott Maw”): 437,123,642 for, 1,473,361 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 98% of the shares they voted on this item FOR (49,455,769 for, 874,763 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 903,873 | 0 | 0 | 0 | For |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Stephen Gillett”): 403,698,912 for, 34,886,195 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 59% of the shares they voted on this item FOR (29,466,323 for, 20,864,205 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,924,965 | 78 | 0 | 0 | For |
| Fidelity | 9,828,408 | 78,219 | 0 | 0 | For |
| BlackRock | 0 | 6,906,854 | 0 | 0 | Against |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 122,600 | 176,865 | 0 | 0 | Against |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 50,478 | 175,823 | 0 | 0 | Against |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Todd Penegor”): 402,388,829 for, 36,210,748 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 51.0% of the shares they voted on this item FOR (25,647,214 for, 24,683,314 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 305,789 | 10,619,254 | 0 | 0 | Against |
| Fidelity | 9,828,408 | 78,219 | 0 | 0 | For |
| BlackRock | 0 | 6,906,854 | 0 | 0 | Against |
| T. Rowe Price | 3,784,853 | 2,684,871 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 759 | 1,198,588 | 0 | 0 | Against |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 0 | 716,754 | 0 | 0 | Against |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 633,937 | 14,512 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 172,533 | 231,600 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 122,600 | 176,865 | 0 | 0 | Against |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 33,308 | 192,993 | 0 | 0 | Against |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2026-05-13.
Combines 5 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Dutch Bros Inc.’s own tally for this item (“Elect Director: Travis Boersma”): 419,401,112 for, 19,203,533 against, per its Form 8-K filed 2026-05-15 (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 96 asset managers below cast 80% of the shares they voted on this item FOR (40,368,626 for, 9,961,905 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,918,847 | 6,200 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,784,853 | 2,684,871 | 0 | 0 | For |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 1,061,678 | 0 | 0 | Against |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | For |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 110,240 | 116,061 | 0 | 0 | Against |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Meeting held 2025-05-13 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).
99.5% Majority: yes · of votes cast
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”): 422,363,059 for, 1,820,479 against, per its Form 8-K filed 2025-05-16 (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 2 asset managers below cast 100% of the shares they voted on this item FOR (275 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC | 175 | 0 | 0 | 0 | For |
| NORRIS PERNE & FRENCH LLP/MI | 100 | 0 | 0 | 0 | For |
Meeting held 2026-05-13.
99.7% Majority: yes · of votes cast
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”): 437,453,320 for, 1,088,485 against, per its Form 8-K filed 2026-05-15 (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 2 asset managers below cast 100% of the shares they voted on this item FOR (1,553 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Ramsay, Stattman, Vela & Price, Inc. | 1,130 | 0 | 0 | 0 | For |
| Empower | 423 | 0 | 0 | 0 | For |
Ranked by the number of Dutch Bros Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 154,204,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Fidelity | 12.24% |
| 2 | T. Rowe Price | 11.23% |
| 3 | Vanguard | 7.73% |
| 4 | BlackRock | 5.98% |
| 5 | American Century | 1.66% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.60% |
| 7 | Charles Schwab | 1.56% |
| 8 | Voya | 1.34% |
| 9 | WESTFIELD CAPITAL MANAGEMENT CO LP | 1.28% |
| 10 | State Street | 1.07% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| Travis Boersma | 29.30% | 13G |
| BlackRock | 9.00% | 13F |
| The Vanguard Group | 6.51% | DEF14A |
| FMR (Fidelity) | 6.20% | 13F |
| T. Rowe Price | 4.95% | 13F |
| FMR LLC | 4.21% | DEF14A |
| State Street | 2.45% | 13F |
| Citadel Advisors | 2.20% | 13F |
| Point72 | 1.82% | 13F |
| TSG7 A Dutch Bros. Holdings, L.P. 1 | 1.48% | DEF14A |
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 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
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 04 October 2026; a live search always shows the current data.
At Dutch Bros Inc.'s shareholder meeting held 2026-05-13, in the 2025-2026 proxy season, 507 asset managers reported how they voted in their SEC Form N-PX filings, covering 5,001 separate fund positions. Their filings are grouped here into 13 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. 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 99.7% 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 2026-05-15.
Dutch Bros Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).