Home › Companies › DUTCH BROS INC. › 2023-2024

DUTCH BROS INC. 2023-2024 Proxy Voting Records

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.

  • 9Ballot items
  • 261Asset managers
  • 1,250Fund votes
  • May 14, 2024Meeting date

Results at a glance

Meeting of May 14, 2024: 9 items on DUTCH BROS INC.’s Form 8-K, filed May 20, 2024: 7 elected · 2 approved.

Material dissent

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

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 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.

DUTCH BROS INC. — official shareholder meeting results, meeting held May 14, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Travis Boersma 748,433,1499,617,124175,508 --19,163,894 99%Elected—
Elect Director: Christine Barone 750,639,4587,406,061180,262 --19,163,894 99.0%Elected—
Elect Director: C. David Cone 757,809,436222,627193,718 --19,163,894 99.9%Elected—
Elect Director: Thomas Davis 739,179,66218,854,307191,812 --19,163,894 98%Elected—
Elect Director: Kathryn George 749,755,3438,278,064192,374 --19,163,894 99%Elected—
Elect Director: Stephen Gillett 734,999,62523,035,390190,766 --19,163,894 97%Elected—
Elect Director: Ann M. Miller 733,307,35424,732,660185,767 --19,163,894 97%Elected—
2. Ratification of the Appointment of Independent Registered Public Accounting Firm 776,432,963528,887427,825 ---- 99.9%Approved—
3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers 757,540,859450,901234,021 --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.

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

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.

1. Elect Director: Travis Boersma

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FORAGAINST
FOR: 15,391,287AGAINST: 3,902,319
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 00Mixed
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.

2. Elect Director: Christine Barone

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FOR
FOR: 16,995,418AGAINST: 2,298,188
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 00Mixed
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.

3. Elect Director: C. David Cone

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FOR
FOR: 19,293,606
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.

4. Elect Director: Thomas Davis

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FORAGAINST
FOR: 7,495,118AGAINST: 11,798,488
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.

5. Elect Director: Kathryn George

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FOR
FOR: 16,628,061AGAINST: 2,664,195ABSTAIN: 1,350
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 00Mixed
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. Elect Director: Stephen Gillett

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FORAGAINST
FOR: 5,196,396AGAINST: 14,097,210
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 00Mixed
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.

7. Elect Director: Ann M. Miller

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 51 asset managers

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.

FORAGAINST
FOR: 4,286,103AGAINST: 15,007,503
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.

8. 3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 16 wordings of this item as funds reported it.

99.9% Approved · of votes cast

FOR 99.9%
FOR: 757,540,859AGAINST: 450,901
Details: description as filed, official tally, votes by 260 asset managers

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).

Fund voting reports: 49 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
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

Fund voting reports, all 49 managers: 19,293,201 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 223 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
Fidelity4,000,7470 00For
Citadel3,777,9670 00For
T. Rowe Price3,767,6600 00For
MARSHALL WACE, LLP2,645,1310 00For
American Century1,426,8540 00For
DRIEHAUS CAPITAL MANAGEMENT LLC1,172,4570 00For
WASATCH ADVISORS LP912,3640 00For
Clearbridge Investments, LLC870,6840 00For
Two Sigma827,8170 00For
MANE GLOBAL CAPITAL MANAGEMENT LP715,2470 00For
LORD, ABBETT & CO. LLC700,0000 00For
GEODE CAPITAL MANAGEMENT, LLC648,6050 00For
DE Shaw623,4410 00For
BALYASNY ASSET MANAGEMENT L.P.601,3490 00For
Voya591,5900 00For
FULLER & THALER ASSET MANAGEMENT, INC.559,4540 00For
Federated Hermes387,0600 00For
Charles Schwab350,0960 00For
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP350,0000 00For
Crestwood Capital Management, L.P.320,7030 00For
BlackRock318,4030 00For
Point72305,8790 00For
State Street288,0370 00For
Granite Investment Partners, LLC284,1270 00For

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.

9. 2. Ratification of the Appointment of Independent Registered Public Accounting Firm

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

99.9% Approved · of votes cast

FOR 99.9%
FOR: 776,432,963AGAINST: 528,887
Details: description as filed, official tally, votes by 50 asset managers

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.

FOR
FOR: 18,947,525AGAINST: 141
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
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
RENAISSANCE CAPITAL GREENWICH FUNDS30,3580 00For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

Largest DUTCH BROS INC. shareholders voting in 2023-2024

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.

Fund voting reports: top DUTCH BROS INC. shareholders by shares voted on “Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.”, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 3.99%
2Fidelity 1.63%
3T. Rowe Price 1.63%
4American Century 0.87%
5Columbia Threadneedle 0.76%
6WASATCH FUNDS TRUST 0.52%
7Legg Mason 0.48%
8Lord Abbett 0.45%
9Bridge Builder Trust 0.35%
10Voya 0.25%
Institutional-manager reports: top DUTCH BROS INC. shareholders by shares voted on “Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.”, 2023-2024
#Asset manager % of shares outstanding
1TSG Consumer Partners LP 24.99%
2Fidelity 2.59%
3Citadel 2.45%
4T. Rowe Price 2.44%
5MARSHALL WACE, LLP 1.72%
6American Century 0.93%
7DRIEHAUS CAPITAL MANAGEMENT LLC 0.76%
8WASATCH ADVISORS LP 0.59%
9Clearbridge Investments, LLC 0.56%
10Two Sigma 0.54%

Reported DUTCH BROS INC. holdings and ownership

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.

DUTCH BROS INC. holdings and ownership disclosed 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 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.

About this page

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.