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Dutch Bros Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Dutch Bros Inc.’s Form 8-K, filed May 15, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 11Ballot items
  • 501Asset managers
  • 5,080Fund votes
  • May 13, 2026Meeting date

Results at a glance

Meeting of May 13, 2026: 11 items on Dutch Bros Inc.’s Form 8-K, filed May 15, 2026: 9 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 2025-2026 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 15, 2026 (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 13, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Travis Boersma 419,401,11219,203,533100,511 --19,752,208 96%Elected—
Elect Director: Christine Barone 437,150,1941,476,44078,522 --19,752,208 99.6%Elected—
Elect Director: C. David Cone 436,848,5831,750,742105,831 --19,752,208 99.6%Elected—
Elect Director: Stephen Gillett 403,698,91234,886,195120,049 --19,752,208 92%Elected—
Elect Director: G.J. Hart 436,732,6751,866,441106,040 --19,752,208 99.5%Elected—
Elect Director: Kory Marchisotto 413,057,35325,512,748135,055 --19,752,208 94%Elected—
Elect Director: Scott Maw 437,123,6421,473,361108,153 --19,752,208 99.6%Elected—
Elect Director: Ann Miller 401,472,81037,116,565115,781 --19,752,208 92%Elected—
Elect Director: Todd Penegor 402,388,82936,210,748105,579 --19,752,208 92%Elected—
2. Ratification of the Appointment of Independent Registered Public Accounting Firm 456,580,9171,658,742217,705 ---- 99.6%Approved—
3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers 437,453,3201,088,485163,351 --19,752,208 99.7%Approved—

Source: Dutch Bros Inc., Form 8-K, filed with the SEC on May 15, 2026 — read the filing on EDGAR.

How asset managers voted at the Dutch Bros Inc. 2025-2026 meeting

Each item below shows how the 501 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: Ann Miller

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 401,472,810AGAINST: 37,116,565
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Ann Miller

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 31,316,257 for, 19,016,134 against, 19,626 abstained, 104 not voted.

FORAGAINST
FOR: 31,316,257AGAINST: 19,016,134ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Ann Miller” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,918,8086,239 00For
Fidelity7,895,6592,010,968 00Mixed
BlackRock6,906,8540 00For
T. Rowe Price06,469,724 00Against
American Century1,196,04318,347 00For
Charles Schwab7591,198,588 00Against
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed0764,366 00Against
Capitol Series Trust0728,245 00Against
MFS0716,754 00Against
Legg Mason0697,245 00Against
Invesco0677,095 00Against
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs628,39920,050 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS0530,600 00Against
HARBOR FUNDS0517,230 00Against
WASATCH FUNDS TRUST445,7720 00For
Jackson National0404,133 00Against
Allspring0393,683 00Against
Equitable165,919133,546 00Mixed
Baird0251,189 00Against
TIAA0236,663 00Against
Nationwide59,762166,539 00Mixed

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

2. Elect Director: C. David Cone

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 436,848,583AGAINST: 1,750,742
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: C. David Cone

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 49,291,597 for, 1,040,794 against, 19,626 abstained, 104 not voted.

FOR
FOR: 49,291,597AGAINST: 1,040,794ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: C. David Cone” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0415 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable165,919133,546 00Mixed
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

3. Elect Director: Christine Barone

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 437,150,194AGAINST: 1,476,440
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Christine Barone

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 49,425,146 for, 907,246 against, 19,626 abstained, 104 not voted.

FOR
FOR: 49,425,146AGAINST: 907,246ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Christine Barone” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0443 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable299,4650 00For
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

4. Elect Director: G.J. Hart

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 436,732,675AGAINST: 1,866,441
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: G.J. Hart

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 49,291,600 for, 1,040,792 against, 19,626 abstained, 104 not voted.

FOR
FOR: 49,291,600AGAINST: 1,040,792ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: G.J. Hart” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0443 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable165,919133,546 00Mixed
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

5. Elect Director: Kory Marchisotto

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 413,057,353AGAINST: 25,512,748
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Kory Marchisotto

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 36,635,717 for, 13,696,675 against, 19,626 abstained, 104 not voted.

FORAGAINST
FOR: 36,635,717AGAINST: 13,696,675ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Kory Marchisotto” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,924,98958 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price06,469,724 00Against
American Century1,196,04318,347 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed0764,366 00Against
Capitol Series Trust0728,245 00Against
MFS716,7540 00For
Legg Mason0697,245 00Against
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs628,39920,050 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS0530,600 00Against
HARBOR FUNDS0517,230 00Against
WASATCH FUNDS TRUST445,7720 00For
Jackson National154,721249,412 00Mixed
Allspring0393,683 00Against
Equitable165,919133,546 00Mixed
Baird0251,189 00Against
TIAA0236,663 00Against
Nationwide110,240116,061 00Mixed

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

6. Elect Director: Scott Maw

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 437,123,642AGAINST: 1,473,361
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Scott Maw

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 49,457,629 for, 874,763 against, 19,626 abstained, 104 not voted.

FOR
FOR: 49,457,629AGAINST: 874,763ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Scott Maw” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0443 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya903,8730 00For
Waddell & Reed0764,366 00Against
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable299,4650 00For
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

7. Elect Director: Stephen Gillett

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 403,698,912AGAINST: 34,886,195
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Stephen Gillett

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 29,466,327 for, 20,866,065 against, 19,626 abstained, 104 not voted.

FORAGAINST
FOR: 29,466,327AGAINST: 20,866,065ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Stephen Gillett” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,924,96978 00For
Fidelity9,828,40878,219 00For
BlackRock06,906,854 00Against
T. Rowe Price06,469,724 00Against
American Century1,196,04318,347 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed0764,366 00Against
Capitol Series Trust0728,245 00Against
MFS716,7540 00For
Legg Mason0697,245 00Against
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs628,39920,050 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS0530,600 00Against
HARBOR FUNDS0517,230 00Against
WASATCH FUNDS TRUST445,7720 00For
Jackson National154,721249,412 00Mixed
Allspring0393,683 00Against
Equitable122,600176,865 00Mixed
Baird0251,189 00Against
TIAA0236,663 00Against
Nationwide50,478175,823 00Mixed

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

8. Elect Director: Todd Penegor

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 402,388,829AGAINST: 36,210,748
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Todd Penegor

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 25,649,078 for, 24,683,314 against, 19,626 abstained, 104 not voted.

FORAGAINST
FOR: 25,649,078AGAINST: 24,683,314ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Todd Penegor” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard305,79310,619,254 00Against
Fidelity9,828,40878,219 00For
BlackRock06,906,854 00Against
T. Rowe Price3,784,8532,684,871 00Mixed
American Century1,214,3900 00For
Charles Schwab7591,198,588 00Against
Columbia Threadneedle1,061,6780 00For
Voya0903,873 00Against
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS0716,754 00Against
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs633,93714,512 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National172,533231,600 00Mixed
Allspring0393,683 00Against
Equitable122,600176,865 00Mixed
Baird251,1890 00For
TIAA236,6630 00For
Nationwide33,308192,993 00Mixed

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

9. Elect Director: Travis Boersma

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 419,401,112AGAINST: 19,203,533
Details: description as filed, official tally, votes by 96 asset managers

Description as filed by funds: Election of Directors: Travis Boersma

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 May 15, 2026 (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 nine nominees were elected as directors by the holders of the Company's Class A common stock, Class B common stock, Class C common stock, and Class D common stock, voting together as a single class, each to serve until the 2027 annual meeting of stockholders and until his or her succe…”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 96 asset managers below reported 40,368,626 for, 9,963,765 against, 19,626 abstained, 104 not voted.

FORAGAINST
FOR: 40,368,626AGAINST: 9,963,765ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Election of Directors: Travis Boersma” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,918,8476,200 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price3,784,8532,684,871 00Mixed
American Century1,196,04318,347 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle01,061,678 00Against
Voya0903,873 00Against
Waddell & Reed0764,366 00Against
Capitol Series Trust0728,245 00Against
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs628,39920,050 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS0530,600 00Against
HARBOR FUNDS0517,230 00Against
WASATCH FUNDS TRUST445,7720 00For
Jackson National154,721249,412 00Mixed
Allspring0393,683 00Against
Equitable165,919133,546 00Mixed
Baird0251,189 00Against
TIAA0236,663 00Against
Nationwide110,240116,061 00Mixed

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

10. 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 12 wordings of this item as funds reported it.

99.7% Approved · of votes cast

FOR 99.7%
FOR: 437,453,320AGAINST: 1,088,485
Details: description as filed, official tally, votes by 499 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”): 437,453,320 for, 1,088,485 against — passed, per its Form 8-K filed May 15, 2026 (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: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Dutch Bros Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Say on Pay” (2 managers, 1,553 for).

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: 95 asset managers voting on “Approval, on a Non-Binding, Advisory Basis, of the Compensation of our Named Executive Officers.” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0452 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya903,8730 00For
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable299,4650 00For
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Fund voting reports, all 95 managers: 50,328,458 for, 2 against, 19,626 abstained, 104 not voted, 209 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 424 asset managers voting on “Approval, on a Non-Binding, Advisory Basis, of the Compensation of our Named Executive Officers.” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
T. Rowe Price10,852,7730 00For
Fidelity8,972,8470 00For
GEODE CAPITAL MANAGEMENT, LLC2,466,8090 00For
BlackRock2,311,3790 00For
WESTFIELD CAPITAL MANAGEMENT CO LP1,967,2510 00For
State Street1,684,6210 00For
Wellington1,430,8070 00For
American Century1,344,0830 00For
Charles Schwab1,210,2700 00For
Voya1,169,3570 00For
FULLER & THALER ASSET MANAGEMENT, INC.1,084,8430 00For
Vanguard988,1410 00For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST966,9990 00For
Invesco919,9360 00For
Clearbridge Investments, LLC862,0100 00For
EAGLE ASSET MANAGEMENT INC824,2960 00For
1832 Asset Management L.P.782,7000 00For
Allspring751,1770 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/725,9980 00For
CANADA PENSION PLAN INVESTMENT BOARD717,0420 00For
MELLON INVESTMENTS Corp665,1010 00For
Federated Hermes610,0960 00For
BAILLIE GIFFORD & CO LTD608,2100 00For
OBERWEIS ASSET MANAGEMENT INC/594,1470 00For
BAILLIE GIFFORD OVERSEAS LTD584,7180 00For

Institutional-manager reports, all 424 managers: 58,164,895 for, 285,890 against, 5,449 abstained, 9,489 not voted. Showing the 25 largest; see all in the interactive database.

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

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

99.6% Approved · of votes cast

FOR 99.6%
FOR: 456,580,917AGAINST: 1,658,742
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for the Year Ending December 31, 2026.

Dutch Bros Inc.’s own tally for this item (“2. Ratification of the Appointment of Independent Registered Public Accounting Firm”): 456,580,917 for, 1,658,742 against — passed, per its Form 8-K filed May 15, 2026 (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, 2026 was ratified.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 50,280,569 for, 3,407 against, 19,626 abstained, 104 not voted.

FOR
FOR: 50,280,569AGAINST: 3,407ABSTAIN: 19,626NOT VOTED: 104
Largest asset managers voting on “Ratification of the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for the Year ” at Dutch Bros Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,925,0443 00For
Fidelity9,906,6270 00For
BlackRock6,906,8540 00For
T. Rowe Price6,469,7240 00For
American Century1,214,3900 00For
Charles Schwab1,199,3470 00For
Columbia Threadneedle1,061,6780 00For
Voya903,8730 00For
Waddell & Reed764,3660 00For
Capitol Series Trust728,2450 00For
MFS716,7540 00For
Legg Mason697,2450 00For
Invesco677,0950 00For
CARILLON SERIES TRUST651,2340 00For
Goldman Sachs648,4490 00For
Federated Hermes610,0960 00For
OBERWEIS FUNDS530,6000 00For
HARBOR FUNDS517,2300 00For
WASATCH FUNDS TRUST445,7720 00For
Jackson National404,1330 00For
Allspring393,6830 00For
Equitable299,4650 00For
Baird251,1890 00For
TIAA236,6630 00For
Nationwide226,3010 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 13, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest Dutch Bros Inc. shareholders voting in 2025-2026

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.”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 7.08%
2Fidelity 6.42%
3BlackRock 4.48%
4T. Rowe Price 4.20%
5American Century 0.79%
6Charles Schwab 0.78%
7Columbia Threadneedle 0.69%
8Voya 0.59%
9Waddell & Reed 0.50%
10Capitol Series Trust 0.47%
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.”, 2025-2026
#Asset manager % of shares outstanding
1T. Rowe Price 7.04%
2Fidelity 5.82%
3GEODE CAPITAL MANAGEMENT, LLC 1.60%
4BlackRock 1.50%
5WESTFIELD CAPITAL MANAGEMENT CO LP 1.28%
6State Street 1.09%
7Wellington 0.93%
8American Century 0.87%
9Charles Schwab 0.78%
10Voya 0.76%

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 2025-2026 proxy season
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 December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 18, 2026; a live search always shows the current data.

At Dutch Bros Inc.'s shareholder meeting held May 13, 2026, in the 2025-2026 proxy season, 501 asset managers reported how they voted on 11 ballot items in their SEC Form N-PX filings, covering 5,080 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 99.7% 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 15, 2026.

Dutch Bros Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.