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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.
Meeting of May 13, 2026: 11 items on Dutch Bros Inc.’s Form 8-K, filed May 15, 2026: 9 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 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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Travis Boersma | 419,401,112 | 19,203,533 | 100,511 | -- | 19,752,208 | 96% | Elected | — |
| Elect Director: Christine Barone | 437,150,194 | 1,476,440 | 78,522 | -- | 19,752,208 | 99.6% | Elected | — |
| Elect Director: C. David Cone | 436,848,583 | 1,750,742 | 105,831 | -- | 19,752,208 | 99.6% | Elected | — |
| Elect Director: Stephen Gillett | 403,698,912 | 34,886,195 | 120,049 | -- | 19,752,208 | 92% | Elected | — |
| Elect Director: G.J. Hart | 436,732,675 | 1,866,441 | 106,040 | -- | 19,752,208 | 99.5% | Elected | — |
| Elect Director: Kory Marchisotto | 413,057,353 | 25,512,748 | 135,055 | -- | 19,752,208 | 94% | Elected | — |
| Elect Director: Scott Maw | 437,123,642 | 1,473,361 | 108,153 | -- | 19,752,208 | 99.6% | Elected | — |
| Elect Director: Ann Miller | 401,472,810 | 37,116,565 | 115,781 | -- | 19,752,208 | 92% | Elected | — |
| Elect Director: Todd Penegor | 402,388,829 | 36,210,748 | 105,579 | -- | 19,752,208 | 92% | Elected | — |
| 2. Ratification of the Appointment of Independent Registered Public Accounting Firm | 456,580,917 | 1,658,742 | 217,705 | -- | -- | 99.6% | Approved | — |
| 3. Approval, on a Non-binding, Advisory Basis, of the Compensation of our Named Executive Officers | 437,453,320 | 1,088,485 | 163,351 | -- | 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.
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.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,918,808 | 6,239 | 0 | 0 | For |
| Fidelity | 7,895,659 | 2,010,968 | 0 | 0 | Mixed |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 759 | 1,198,588 | 0 | 0 | Against |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 0 | 716,754 | 0 | 0 | Against |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 0 | 677,095 | 0 | 0 | Against |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 0 | 404,133 | 0 | 0 | Against |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | Mixed |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 59,762 | 166,539 | 0 | 0 | Mixed |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,041 | 5 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 165,919 | 133,546 | 0 | 0 | Mixed |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 165,919 | 133,546 | 0 | 0 | Mixed |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,924,989 | 58 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Mixed |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | Mixed |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 110,240 | 116,061 | 0 | 0 | Mixed |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 903,873 | 0 | 0 | 0 | For |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,924,969 | 78 | 0 | 0 | For |
| Fidelity | 9,828,408 | 78,219 | 0 | 0 | For |
| BlackRock | 0 | 6,906,854 | 0 | 0 | Against |
| T. Rowe Price | 0 | 6,469,724 | 0 | 0 | Against |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 0 | 697,245 | 0 | 0 | Against |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Mixed |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 122,600 | 176,865 | 0 | 0 | Mixed |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 50,478 | 175,823 | 0 | 0 | Mixed |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 305,793 | 10,619,254 | 0 | 0 | Against |
| Fidelity | 9,828,408 | 78,219 | 0 | 0 | For |
| BlackRock | 0 | 6,906,854 | 0 | 0 | Against |
| T. Rowe Price | 3,784,853 | 2,684,871 | 0 | 0 | Mixed |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 759 | 1,198,588 | 0 | 0 | Against |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 0 | 716,754 | 0 | 0 | Against |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 633,937 | 14,512 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 172,533 | 231,600 | 0 | 0 | Mixed |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 122,600 | 176,865 | 0 | 0 | Mixed |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 33,308 | 192,993 | 0 | 0 | Mixed |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 5 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,918,847 | 6,200 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,784,853 | 2,684,871 | 0 | 0 | Mixed |
| American Century | 1,196,043 | 18,347 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 1,061,678 | 0 | 0 | Against |
| Voya | 0 | 903,873 | 0 | 0 | Against |
| Waddell & Reed | 0 | 764,366 | 0 | 0 | Against |
| Capitol Series Trust | 0 | 728,245 | 0 | 0 | Against |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 628,399 | 20,050 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 530,600 | 0 | 0 | Against |
| HARBOR FUNDS | 0 | 517,230 | 0 | 0 | Against |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 154,721 | 249,412 | 0 | 0 | Mixed |
| Allspring | 0 | 393,683 | 0 | 0 | Against |
| Equitable | 165,919 | 133,546 | 0 | 0 | Mixed |
| Baird | 0 | 251,189 | 0 | 0 | Against |
| TIAA | 0 | 236,663 | 0 | 0 | Against |
| Nationwide | 110,240 | 116,061 | 0 | 0 | Mixed |
Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.
Combines 12 wordings of this item as funds reported it.
99.7% 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”): 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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,045 | 2 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 903,873 | 0 | 0 | 0 | For |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| T. Rowe Price | 10,852,773 | 0 | 0 | 0 | For |
| Fidelity | 8,972,847 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 2,466,809 | 0 | 0 | 0 | For |
| BlackRock | 2,311,379 | 0 | 0 | 0 | For |
| WESTFIELD CAPITAL MANAGEMENT CO LP | 1,967,251 | 0 | 0 | 0 | For |
| State Street | 1,684,621 | 0 | 0 | 0 | For |
| Wellington | 1,430,807 | 0 | 0 | 0 | For |
| American Century | 1,344,083 | 0 | 0 | 0 | For |
| Charles Schwab | 1,210,270 | 0 | 0 | 0 | For |
| Voya | 1,169,357 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 1,084,843 | 0 | 0 | 0 | For |
| Vanguard | 988,141 | 0 | 0 | 0 | For |
| NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 966,999 | 0 | 0 | 0 | For |
| Invesco | 919,936 | 0 | 0 | 0 | For |
| Clearbridge Investments, LLC | 862,010 | 0 | 0 | 0 | For |
| EAGLE ASSET MANAGEMENT INC | 824,296 | 0 | 0 | 0 | For |
| 1832 Asset Management L.P. | 782,700 | 0 | 0 | 0 | For |
| Allspring | 751,177 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 725,998 | 0 | 0 | 0 | For |
| CANADA PENSION PLAN INVESTMENT BOARD | 717,042 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 665,101 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| BAILLIE GIFFORD & CO LTD | 608,210 | 0 | 0 | 0 | For |
| OBERWEIS ASSET MANAGEMENT INC/ | 594,147 | 0 | 0 | 0 | For |
| BAILLIE GIFFORD OVERSEAS LTD | 584,718 | 0 | 0 | 0 | For |
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.
Combines 4 wordings of this item as funds reported it.
99.6% Approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,925,044 | 3 | 0 | 0 | For |
| Fidelity | 9,906,627 | 0 | 0 | 0 | For |
| BlackRock | 6,906,854 | 0 | 0 | 0 | For |
| T. Rowe Price | 6,469,724 | 0 | 0 | 0 | For |
| American Century | 1,214,390 | 0 | 0 | 0 | For |
| Charles Schwab | 1,199,347 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,061,678 | 0 | 0 | 0 | For |
| Voya | 903,873 | 0 | 0 | 0 | For |
| Waddell & Reed | 764,366 | 0 | 0 | 0 | For |
| Capitol Series Trust | 728,245 | 0 | 0 | 0 | For |
| MFS | 716,754 | 0 | 0 | 0 | For |
| Legg Mason | 697,245 | 0 | 0 | 0 | For |
| Invesco | 677,095 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 651,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 648,449 | 0 | 0 | 0 | For |
| Federated Hermes | 610,096 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 530,600 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 517,230 | 0 | 0 | 0 | For |
| WASATCH FUNDS TRUST | 445,772 | 0 | 0 | 0 | For |
| Jackson National | 404,133 | 0 | 0 | 0 | For |
| Allspring | 393,683 | 0 | 0 | 0 | For |
| Equitable | 299,465 | 0 | 0 | 0 | For |
| Baird | 251,189 | 0 | 0 | 0 | For |
| TIAA | 236,663 | 0 | 0 | 0 | For |
| Nationwide | 226,301 | 0 | 0 | 0 | For |
Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.
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.
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 | 7.08% |
| 2 | Fidelity | 6.42% |
| 3 | BlackRock | 4.48% |
| 4 | T. Rowe Price | 4.20% |
| 5 | American Century | 0.79% |
| 6 | Charles Schwab | 0.78% |
| 7 | Columbia Threadneedle | 0.69% |
| 8 | Voya | 0.59% |
| 9 | Waddell & Reed | 0.50% |
| 10 | Capitol Series Trust | 0.47% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | T. Rowe Price | 7.04% |
| 2 | Fidelity | 5.82% |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 1.60% |
| 4 | BlackRock | 1.50% |
| 5 | WESTFIELD CAPITAL MANAGEMENT CO LP | 1.28% |
| 6 | State Street | 1.09% |
| 7 | Wellington | 0.93% |
| 8 | American Century | 0.87% |
| 9 | Charles Schwab | 0.78% |
| 10 | Voya | 0.76% |
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 | 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.
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.