Home › Companies › DUTCH BROS INC. › 2023-2024
Compiled from SEC Form N-PX filings and DUTCH BROS INC.’s Form 8-K, filed May 20, 2024 (Item 5.07 on EDGAR). Page generated October 14, 2026.
Meeting of May 14, 2024: 9 items on DUTCH BROS INC.’s Form 8-K, filed May 20, 2024: 7 elected · 2 approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
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 May 20, 2024 (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 | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Travis Boersma | 748,433,149 | 9,617,124 | 175,508 | -- | 19,163,894 | 99% | Elected | — |
| Elect Director: Christine Barone | 750,639,458 | 7,406,061 | 180,262 | -- | 19,163,894 | 99.0% | Elected | — |
| Elect Director: C. David Cone | 757,809,436 | 222,627 | 193,718 | -- | 19,163,894 | 99.9% | Elected | — |
| Elect Director: Thomas Davis | 739,179,662 | 18,854,307 | 191,812 | -- | 19,163,894 | 98% | Elected | — |
| Elect Director: Kathryn George | 749,755,343 | 8,278,064 | 192,374 | -- | 19,163,894 | 99% | Elected | — |
| Elect Director: Stephen Gillett | 734,999,625 | 23,035,390 | 190,766 | -- | 19,163,894 | 97% | Elected | — |
| Elect Director: Ann M. Miller | 733,307,354 | 24,732,660 | 185,767 | -- | 19,163,894 | 97% | Elected | — |
| 2. Ratification of the Appointment of Independent Registered Public Accounting Firm | 776,432,963 | 528,887 | 427,825 | -- | -- | 99.9% | Approved | — |
| 3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers | 757,540,859 | 450,901 | 234,021 | -- | 19,163,894 | 99.9% | Approved | — |
This meeting is also recorded here as May 13, 2024; 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 May 20, 2024 — read the filing on EDGAR.
Each item below shows how the 261 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.
Combines 4 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Travis Boersma
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 15,391,287 for, 3,902,319 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 1,175,278 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 0 | 392,160 | 0 | 0 | Against |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 9,451 | 27,359 | 0 | 0 | Mixed |
| WANGER ADVISORS TRUST | 0 | 36,299 | 0 | 0 | Against |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.0% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Christine Barone
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 16,995,418 for, 2,298,188 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 392,160 | 0 | 0 | 0 | For |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 9,451 | 27,359 | 0 | 0 | Mixed |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: C. David Cone
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 19,293,606 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 693,038 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 541,798 | 0 | 0 | 0 | For |
| Voya | 392,160 | 0 | 0 | 0 | For |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 340,040 | 0 | 0 | 0 | For |
| DRIEHAUS MUTUAL FUNDS | 251,324 | 0 | 0 | 0 | For |
| Allspring | 159,145 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 68,116 | 0 | 0 | 0 | For |
| Baird | 61,410 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 51,593 | 0 | 0 | 0 | For |
| WESMARK FUNDS | 44,285 | 0 | 0 | 0 | For |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 36,810 | 0 | 0 | 0 | For |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Thomas Davis
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 7,495,118 for, 11,798,488 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 6,150,205 | 0 | 0 | Against |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 2,508,023 | 0 | 0 | Against |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 0 | 392,160 | 0 | 0 | Against |
| Federated Hermes | 0 | 387,060 | 0 | 0 | Against |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 0 | 41,746 | 0 | 0 | Against |
| John Hancock | 0 | 36,810 | 0 | 0 | Against |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Kathryn George
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 16,628,061 for, 2,664,195 against, 1,350 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 392,160 | 0 | 0 | 0 | For |
| Federated Hermes | 0 | 387,060 | 0 | 0 | Against |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 9,451 | 27,359 | 0 | 0 | Mixed |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Stephen Gillett
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 5,196,396 for, 14,097,210 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 6,150,205 | 0 | 0 | Against |
| Fidelity | 587,519 | 1,931,696 | 0 | 0 | Mixed |
| T. Rowe Price | 0 | 2,508,023 | 0 | 0 | Against |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 738,130 | 0 | 0 | Against |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 0 | 392,160 | 0 | 0 | Against |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 0 | 41,746 | 0 | 0 | Against |
| John Hancock | 0 | 36,810 | 0 | 0 | Against |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Class A, Class B, Class C, and Class D common stock Nominees: Ann M. Miller
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 May 20, 2024 (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.
Reported outcome: Elected, in the filing’s own words: “The following nominees were elected as directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified, or, if sooner, until the director's death, resignation or removal.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 51 asset managers below reported 4,286,103 for, 15,007,503 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 6,150,205 | 0 | 0 | Against |
| Fidelity | 31,405 | 2,487,810 | 0 | 0 | Against |
| T. Rowe Price | 0 | 2,508,023 | 0 | 0 | Against |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 738,130 | 0 | 0 | Against |
| Lord Abbett | 0 | 693,038 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 541,798 | 0 | 0 | Against |
| Voya | 0 | 392,160 | 0 | 0 | Against |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 350,096 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 340,040 | 0 | 0 | Against |
| DRIEHAUS MUTUAL FUNDS | 0 | 251,324 | 0 | 0 | Against |
| Allspring | 0 | 159,145 | 0 | 0 | Against |
| Brinker Capital Destinations Trust | 0 | 68,116 | 0 | 0 | Against |
| Baird | 0 | 61,410 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 0 | 51,593 | 0 | 0 | Against |
| WESMARK FUNDS | 0 | 44,285 | 0 | 0 | Against |
| Northwestern Mutual | 0 | 41,746 | 0 | 0 | Against |
| John Hancock | 0 | 36,810 | 0 | 0 | Against |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.
Combines 16 wordings of this item as funds reported it.
99.9% Approved · of votes cast
Description as filed by funds: Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.
DUTCH BROS INC.’s own tally for this item (“3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers”): 757,540,859 for, 450,901 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The compensation of the Company's named executive officers was approved, on a non-binding, advisory basis.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 693,038 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 541,798 | 0 | 0 | 0 | For |
| Voya | 392,160 | 0 | 0 | 0 | For |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| Capitol Series Trust | 340,040 | 0 | 0 | 0 | For |
| DRIEHAUS MUTUAL FUNDS | 251,324 | 0 | 0 | 0 | For |
| Allspring | 159,145 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 68,116 | 0 | 0 | 0 | For |
| Baird | 61,410 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 51,593 | 0 | 0 | 0 | For |
| WESMARK FUNDS | 44,285 | 0 | 0 | 0 | For |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 36,810 | 0 | 0 | 0 | For |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
Fund voting reports, all 49 managers: 19,293,201 for. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| TSG Consumer Partners LP | 38,532,770 | 0 | 0 | 0 | For |
| Fidelity | 4,000,747 | 0 | 0 | 0 | For |
| Citadel | 3,777,967 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,767,660 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 2,645,131 | 0 | 0 | 0 | For |
| American Century | 1,426,854 | 0 | 0 | 0 | For |
| DRIEHAUS CAPITAL MANAGEMENT LLC | 1,172,457 | 0 | 0 | 0 | For |
| WASATCH ADVISORS LP | 912,364 | 0 | 0 | 0 | For |
| Clearbridge Investments, LLC | 870,684 | 0 | 0 | 0 | For |
| Two Sigma | 827,817 | 0 | 0 | 0 | For |
| MANE GLOBAL CAPITAL MANAGEMENT LP | 715,247 | 0 | 0 | 0 | For |
| LORD, ABBETT & CO. LLC | 700,000 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 648,605 | 0 | 0 | 0 | For |
| DE Shaw | 623,441 | 0 | 0 | 0 | For |
| BALYASNY ASSET MANAGEMENT L.P. | 601,349 | 0 | 0 | 0 | For |
| Voya | 591,590 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 559,454 | 0 | 0 | 0 | For |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | 350,000 | 0 | 0 | 0 | For |
| Crestwood Capital Management, L.P. | 320,703 | 0 | 0 | 0 | For |
| BlackRock | 318,403 | 0 | 0 | 0 | For |
| Point72 | 305,879 | 0 | 0 | 0 | For |
| State Street | 288,037 | 0 | 0 | 0 | For |
| Granite Investment Partners, LLC | 284,127 | 0 | 0 | 0 | For |
Institutional-manager reports, all 223 managers: 67,984,239 for, 86,060 against, 500 withheld, 76,595 abstained. Showing the 25 largest; see all in the interactive database.
Combines 3 wordings of this item as funds reported it.
99.9% Approved · of votes cast
Description as filed by funds: Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for 2024.
DUTCH BROS INC.’s own tally for this item (“2. Ratification of the Appointment of Independent Registered Public Accounting Firm”): 776,432,963 for, 528,887 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The appointment of KPMG LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2024 was ratified.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 50 asset managers below reported 18,947,525 for, 141 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,150,205 | 0 | 0 | 0 | For |
| Fidelity | 2,519,215 | 0 | 0 | 0 | For |
| T. Rowe Price | 2,508,023 | 0 | 0 | 0 | For |
| American Century | 1,339,454 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,175,278 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 794,645 | 0 | 0 | 0 | For |
| Legg Mason | 738,130 | 0 | 0 | 0 | For |
| Lord Abbett | 693,038 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 541,798 | 0 | 0 | 0 | For |
| Voya | 392,160 | 0 | 0 | 0 | For |
| Federated Hermes | 387,060 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 363,147 | 0 | 0 | 0 | For |
| Charles Schwab | 350,096 | 0 | 0 | 0 | For |
| DRIEHAUS MUTUAL FUNDS | 251,324 | 0 | 0 | 0 | For |
| Allspring | 159,145 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 68,116 | 0 | 0 | 0 | For |
| Baird | 61,410 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 51,593 | 0 | 0 | 0 | For |
| WESMARK FUNDS | 44,285 | 0 | 0 | 0 | For |
| Northwestern Mutual | 41,746 | 0 | 0 | 0 | For |
| John Hancock | 36,810 | 0 | 0 | 0 | For |
| WANGER ADVISORS TRUST | 36,299 | 0 | 0 | 0 | For |
| Harbor ETF Trust | 34,136 | 0 | 0 | 0 | For |
| 360 Funds | 33,100 | 0 | 0 | 0 | For |
| RENAISSANCE CAPITAL GREENWICH FUNDS | 30,358 | 0 | 0 | 0 | For |
Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 154,204,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 3.99% |
| 2 | Fidelity | 1.63% |
| 3 | T. Rowe Price | 1.63% |
| 4 | American Century | 0.87% |
| 5 | Columbia Threadneedle | 0.76% |
| 6 | WASATCH FUNDS TRUST | 0.52% |
| 7 | Legg Mason | 0.48% |
| 8 | Lord Abbett | 0.45% |
| 9 | Bridge Builder Trust | 0.35% |
| 10 | Voya | 0.25% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | TSG Consumer Partners LP | 24.99% |
| 2 | Fidelity | 2.59% |
| 3 | Citadel | 2.45% |
| 4 | T. Rowe Price | 2.44% |
| 5 | MARSHALL WACE, LLP | 1.72% |
| 6 | American Century | 0.93% |
| 7 | DRIEHAUS CAPITAL MANAGEMENT LLC | 0.76% |
| 8 | WASATCH ADVISORS LP | 0.59% |
| 9 | Clearbridge Investments, LLC | 0.56% |
| 10 | Two Sigma | 0.54% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| 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 December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 December 31, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.
At DUTCH BROS INC.'s shareholder meeting held May 14, 2024, in the 2023-2024 proxy season, 261 asset managers reported how they voted on 9 ballot items in their SEC Form N-PX filings, covering 1,250 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. — DUTCH BROS INC.'s filing reports the proposal as approved, with 99.9% support 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). Source: DUTCH BROS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2024.
DUTCH BROS INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.