{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T21:25:47.270455+00:00","company":{"ticker":"BROS","cik":1866581,"company_name":"Dutch Bros Inc."},"pagination":{"limit":100,"returned":53,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto","detail":"credit_facility","count":1,"first_seen":"2023-08-08T23:59:59+00:00","last_seen":"2023-08-08T23:59:59+00:00","evidence_fact_ids":[122397]}],"lender":[{"display_name":"JPMorgan Chase Bank, N.A. and other lenders","detail":"term_loan","count":1,"first_seen":"2024-02-21T23:59:59+00:00","last_seen":"2024-02-21T23:59:59+00:00","evidence_fact_ids":[73636]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"1fe5674f8c23c197a6202269029020bbad57cc61","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-18T22:59:04+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Non-binding advisory vote on compensation of named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"19,752,208","subject":null,"votes_abstain":"163,351","votes_against":"1,088,485","votes_for":"437,453,320","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Non-binding advisory vote on compensation of named executive officers at the 2026-05-13 meeting.","evidence_excerpt":"The compensation of the Company’s named executive officers was approved, on a non-binding, advisory basis. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 437,453,320 1,088,485 163,351 19,752,208","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000101","anchor_url":"https://secwatch.observer/filing/0001866581-26-000101#claim-1fe5674f8c23c197a6202269029020bbad57cc61","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000101/0001866581-26-000101-index.htm"},{"fact_type":"shareholder_vote","fact_key":"f388c03a5f279f83c183c7844cd626ab009fdba2","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-18T22:59:04+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Ratification of the appointment of KPMG LLP as independent registered public accounting firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"217,705","votes_against":"1,658,742","votes_for":"456,580,917","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm at the 2026-05-13 meeting.","evidence_excerpt":"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. The voting results were as follows: Votes For Votes Against Abstentions 456,580,917 1,658,742 217,705","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000101","anchor_url":"https://secwatch.observer/filing/0001866581-26-000101#claim-f388c03a5f279f83c183c7844cd626ab009fdba2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000101/0001866581-26-000101-index.htm"},{"fact_type":"shareholder_vote","fact_key":"cf0f97918304a56cfc2bbf79b7e17472eccb9b59","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-18T22:59:04+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Election of nine directors","proposal_type":"director_election","results":[{"broker_non_votes":"19,752,208","subject":"Travis Boersma","votes_abstain":"100,511","votes_against":null,"votes_for":"419,401,112","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Christine Barone","votes_abstain":"78,522","votes_against":null,"votes_for":"437,150,194","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"C. David Cone","votes_abstain":"105,831","votes_against":null,"votes_for":"436,848,583","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Stephen Gillett","votes_abstain":"120,049","votes_against":null,"votes_for":"403,698,912","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"G.J. Hart","votes_abstain":"106,040","votes_against":null,"votes_for":"436,732,675","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Kory Marchisotto","votes_abstain":"135,055","votes_against":null,"votes_for":"413,057,353","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Scott Maw","votes_abstain":"108,153","votes_against":null,"votes_for":"437,123,642","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Ann Miller","votes_abstain":"115,781","votes_against":null,"votes_for":"401,472,810","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Todd Penegor","votes_abstain":"105,579","votes_against":null,"votes_for":"402,388,829","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Election of nine directors at the 2026-05-13 meeting.","evidence_excerpt":"Travis Boersma 419,401,112 19,203,533 100,511 19,752,208 Christine Barone 437,150,194 1,476,440 78,522 19,752,208 C. David Cone 436,848,583 1,750,742 105,831 19,752,208 Stephen Gillett 403,698,912 34,886,195 120,049 19,752,208 G.J. Hart 436,732,675 1,866,441 106,040 19,752,208 Kory Marchisotto 413,057,353 25,512,748 135,055 19,752,208 Scott Maw 437,123,642 1,473,361 108,153 19,752,208 Ann Miller 401,472,810 37,116,565 115,781 19,752,208 Todd Penegor 402,388,829 36,210,748 105,579 19,752,208","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000101","anchor_url":"https://secwatch.observer/filing/0001866581-26-000101#claim-cf0f97918304a56cfc2bbf79b7e17472eccb9b59","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000101/0001866581-26-000101-index.htm"},{"fact_type":"shareholder_vote","fact_key":"868a808e64a4d641f69eede2eab94b5637a1211f","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-15T19:02:49+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Non-binding advisory vote on compensation of named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"19,752,208","subject":null,"votes_abstain":"163,351","votes_against":"1,088,485","votes_for":"437,453,320","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Non-binding advisory vote on compensation of named executive officers at the 2026-05-13 meeting.","evidence_excerpt":"Proposal Two - Ratification of the Appointment of Independent Registered Public Accounting Firm . The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026 was ratified. The voting results were as follows: Votes For Votes Against Abstentions 456,580,917 1,658,742 217,705","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000085","anchor_url":"https://secwatch.observer/filing/0001866581-26-000085#claim-868a808e64a4d641f69eede2eab94b5637a1211f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000085/0001866581-26-000085-index.htm"},{"fact_type":"shareholder_vote","fact_key":"03cbc5096c1443ad2822ebe66329454415d53bde","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-15T19:02:49+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Ratification of the appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"217,705","votes_against":"1,658,742","votes_for":"456,580,917","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-13 meeting.","evidence_excerpt":"Proposal Two - Ratification of the Appointment of Independent Registered Public Accounting Firm . The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026 was ratified. The voting results were as follows: Votes For Votes Against Abstentions 456,580,917 1,658,742 217,705","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000085","anchor_url":"https://secwatch.observer/filing/0001866581-26-000085#claim-03cbc5096c1443ad2822ebe66329454415d53bde","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000085/0001866581-26-000085-index.htm"},{"fact_type":"shareholder_vote","fact_key":"dca0ffa305dcc61df22652a989ff10c824a42529","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-15T19:02:49+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Election of nine directors","proposal_type":"director_election","results":[{"broker_non_votes":"19,752,208","subject":"Travis Boersma","votes_abstain":"100,511","votes_against":null,"votes_for":"419,401,112","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Christine Barone","votes_abstain":"78,522","votes_against":null,"votes_for":"437,150,194","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"C. David Cone","votes_abstain":"105,831","votes_against":null,"votes_for":"436,848,583","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Stephen Gillett","votes_abstain":"120,049","votes_against":null,"votes_for":"403,698,912","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"G.J. Hart","votes_abstain":"106,040","votes_against":null,"votes_for":"436,732,675","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Kory Marchisotto","votes_abstain":"135,055","votes_against":null,"votes_for":"413,057,353","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Scott Maw","votes_abstain":"108,153","votes_against":null,"votes_for":"437,123,642","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Ann Miller","votes_abstain":"115,781","votes_against":null,"votes_for":"401,472,810","votes_withheld":null},{"broker_non_votes":"19,752,208","subject":"Todd Penegor","votes_abstain":"105,579","votes_against":null,"votes_for":"402,388,829","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Election of nine directors at the 2026-05-13 meeting.","evidence_excerpt":"Proposal One - Election of Directors . 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 successor is duly elected and qualified, or, if sooner, until the director’s death, resignation or removal. Nominee Votes For Votes Against Abstentions Broker Non-Votes Travis Boersma 419,401,112 19,203,533 100,511 19,752,208 Christine Barone 437,150,194 1,476,440 78,522 19,752,208 C. David Cone 436,848,583 1,750,742 105,831 19,752,208 Stephen Gillett 403,698,912 34,886,195 120,049 19,752,208 G.J. Hart 436,732,675 1,866,441 106,040 19,752,208 Kory Marchisotto 413,057,353 25,512,748 135,055 19,752,208 Scott Maw 437,123,642 1,473,361 108,153 19,752,208 Ann Miller 401,472,810 37,116,565 115,781 19,752,208 Todd Penegor 402,388,829 36,210,748 105,579 19,752,208","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000085","anchor_url":"https://secwatch.observer/filing/0001866581-26-000085#claim-dca0ffa305dcc61df22652a989ff10c824a42529","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000085/0001866581-26-000085-index.htm"},{"fact_type":"earnings_release","fact_key":"3f72df302dd66a7976e5ff228e33b3849d5a6831","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2026-05-06T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$23.7 million","period_text":"the first quarter ended March 31, 2026","report_date":"2026-05-06","result_type":"reported_results","revenue_text":"$464.4 million"},"claim":"Dutch Bros Inc. reported the first quarter ended March 31, 2026 results: revenue $464.4 million, net income $23.7 million. Guidance raised.","evidence_excerpt":"results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights • Opened 41 new shops, 33 of which were company-operated. • Total revenues grew 30.8% to $464.4 million as compared to $355.2 million in the same period of 2025. • Systemwide same shop sales 1 increased 8.3% and systemwide same shop transactions increased 5.1% relative to the same","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-26-000077","anchor_url":"https://secwatch.observer/filing/0001866581-26-000077#claim-3f72df302dd66a7976e5ff228e33b3849d5a6831","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658126000077/0001866581-26-000077-index.htm"},{"fact_type":"executive_change","fact_key":"d60159d0a0","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2025-05-22T23:59:59+00:00","payload":{"action":"service will conclude","action_category":"departure","departure_tone":"routine","effective_date":"2025-06-02","interim":false,"role":"President of Operations","role_category":"president","successor_name":null,"successor_named":false},"claim":"Sumitro Ghosh departed as President of Operations at Dutch Bros Inc..","evidence_excerpt":"On May 21, 2025 Dutch Bros Inc. (the “Company”) determined that the service of Sumitro Ghosh as the President of Operations of the Company will conclude effective June 2, 2025, and the Company will thereafter eliminate the role of President of Operations.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-25-000165","anchor_url":"https://secwatch.observer/filing/0001866581-25-000165#claim-d60159d0a0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658125000165/0001866581-25-000165-index.htm"},{"fact_type":"executive_change","fact_key":"73cc237610","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2025-05-16T23:59:59+00:00","payload":{"action":"designated","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-13","interim":false,"role":"Chief Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Nicholas Daddario was appointed as Chief Accounting Officer at Dutch Bros Inc..","evidence_excerpt":"Effective May 13, 2025, the Board of Directors (the “Board”) of the Dutch Bros Inc. (the “Company”) designated Nicholas Daddario as the Company’s principal accounting officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-25-000154","anchor_url":"https://secwatch.observer/filing/0001866581-25-000154#claim-73cc237610","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658125000154/0001866581-25-000154-index.htm"},{"fact_type":"executive_change","fact_key":"8c89dc1575","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2025-02-18T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-02-18","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Kory Marchisotto was appointed as Director at Dutch Bros Inc..","evidence_excerpt":"appointed Kory Marchisotto to fill the resulting vacancy on the Board and to serve as a member of the Board until the Company’s 2025 annual meeting of stockholders and until her successor has been duly elected and qualified, or until her earlier death, resignation, or removal.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-25-000052","anchor_url":"https://secwatch.observer/filing/0001866581-25-000052#claim-8c89dc1575","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658125000052/0001866581-25-000052-index.htm"},{"fact_type":"executive_change","fact_key":"dbbc46c9ca","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-06-24T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-06-24","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Todd Penegor was appointed as Director at Dutch Bros Inc..","evidence_excerpt":"Effective June 24, 2024, the Board of Directors (the “Board”) of Dutch Bros Inc., a Delaware corporation (the “Company”) appointed Todd Penegor to fill a vacancy on the Board and to serve as a member of the Board until the Company’s 2025 annual meeting of stockholders and until his successor has been duly elected and qualified, or until his earlier death, resignation, or removal.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-24-000202","anchor_url":"https://secwatch.observer/filing/0001866581-24-000202#claim-dbbc46c9ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000202/0001866581-24-000202-index.htm"},{"fact_type":"executive_change","fact_key":"aaed948082","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-06-12T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2024-06-12","interim":false,"role":"Class C Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Sean Sullivan resigned as Class C Director at Dutch Bros Inc..","evidence_excerpt":"Upon the closing of the Offering and the resulting reduction in the outstanding shares of Class C common stock and Class D common stock, on June [12], 2024, Sean Sullivan, who served as the remaining Class C Director, resigned from the Board in accordance with the Certificate of Incorporation and the Stockholders Agreement.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-24-027868","anchor_url":"https://secwatch.observer/filing/0001628280-24-027868#claim-aaed948082","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000162828024027868/0001628280-24-027868-index.htm"},{"fact_type":"executive_change","fact_key":"3e3ad9b196","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-06-03T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-06-03","interim":false,"role":"Director and Chair of Compensation Committee","role_category":"director","successor_name":null,"successor_named":false},"claim":"Gerard J. Hart was appointed as Director and Chair of Compensation Committee at Dutch Bros Inc..","evidence_excerpt":"Effective June 3, 2024, the Board of Directors (the “Board”) of Dutch Bros Inc., a Delaware corporation (the “Company”) appointed Gerard J. Hart to fill a vacancy on the Board and to serve as a member of the Board until the Company’s 2025 annual meeting of stockholders","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-24-000197","anchor_url":"https://secwatch.observer/filing/0001866581-24-000197#claim-3e3ad9b196","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000197/0001866581-24-000197-index.htm"},{"fact_type":"earnings_release","fact_key":"b62c3124dff55ec486b82ebd9a1bd48429938a09","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-05-07T23:59:59+00:00","payload":{"eps_text":"$0.08","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$16.2 million","period_text":"the first quarter ended March 31, 2024","report_date":"2024-05-07","result_type":"reported_results","revenue_text":"$275.1 million"},"claim":"Dutch Bros Inc. reported the first quarter ended March 31, 2024 results: revenue $275.1 million, net income $16.2 million, EPS $0.08. Guidance raised.","evidence_excerpt":"Dutch Bros Inc. Reports First Quarter 2024 Financial Results Achieves $275 million in Revenues in Quarter, a 39% Increase Year-over-Year Delivers 10.0% Same Shop Sales Growth and Ties Record New Shop Openings Raises 2024 Guidance GRANTS PASS, Ore. - May 7, 2024 - Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”), one of the fastest-growing brands in the quick service beverage industry in the United States by location count, today reported financial results for the first quarter ended March 31, 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-24-000132","anchor_url":"https://secwatch.observer/filing/0001866581-24-000132#claim-b62c3124dff55ec486b82ebd9a1bd48429938a09","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm"},{"fact_type":"executive_change","fact_key":"d7a35e9f1f","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-05-07T23:59:59+00:00","payload":{"action":"transitioned","action_category":"departure","departure_tone":"routine","effective_date":"2024-05-09","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":"Joshua Guenser","successor_named":true},"claim":"Charles Jemley changed role as Chief Financial Officer at Dutch Bros Inc..","evidence_excerpt":"Charles Jemley, the Company’s current Chief Financial Officer, will simultaneously transition into the role of Strategic Advisor, and will no longer be an executive officer of the Company following Mr. Guenser’s appointment.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-24-000132","anchor_url":"https://secwatch.observer/filing/0001866581-24-000132#claim-d7a35e9f1f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm"},{"fact_type":"executive_change","fact_key":"8ba3d11ff5","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2024-05-07T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-05-09","interim":false,"role":"Chief Financial 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David Cone was appointed as Director at Dutch Bros Inc..","evidence_excerpt":"On November 3, 2023, the Board appointed C. 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Guidance reaffirmed.","evidence_excerpt":"--- EX-99.1 (EX-99.1) ---\n\nDutch Bros Inc. Reports Second Quarter 2023 Financial Results Opened 38 New Systemwide Shops in Q2 2023 Quarterly Revenue Increased 34% to $250 million Announces Leadership Transition Updates 2023 Guidance GRANTS PASS, Ore. - August 8, 2023 - Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) one of the fastest-growing","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-23-000108","anchor_url":"https://secwatch.observer/filing/0001866581-23-000108#claim-cabd0a12f23243dcac1c0326780d896ffdbe489b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000108/0001866581-23-000108-index.htm"},{"fact_type":"material_agreement","fact_key":"c4b724d4fc8dc80f045242bcab29dec9221346e5","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-08-08T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Amended 2022 Credit Facility","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto","effective_date":"2023-08-04","item_codes_triggered":["1.01"],"value_text":"up to $650 million"},"claim":"Dutch Bros Inc. amended Amended 2022 Credit Facility with JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto valued at up to $650 million (effective 2023-08-04).","evidence_excerpt":"On August 4, 2023, certain Dutch Bros Inc. (the Company) subsidiaries (the Loan Parties) entered into an amendment to the existing $500 million senior secured credit facility, dated February 28, 2022, with JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto (as amended, the Amended 2022 Credit Facility).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000108","anchor_url":"https://secwatch.observer/filing/0001866581-23-000108#claim-c4b724d4fc8dc80f045242bcab29dec9221346e5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000108/0001866581-23-000108-index.htm"},{"fact_type":"executive_change","fact_key":"64a7037d48","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-08-08T23:59:59+00:00","payload":{"action":"departed","action_category":"departure","departure_tone":"routine","effective_date":"2024-01-01","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":"Christine Barone","successor_named":true},"claim":"Joth Ricci departed as Chief Executive Officer at Dutch Bros Inc..","evidence_excerpt":"Joth Ricci’s planned January 2024 departure from his current role of Chief Executive Officer of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-23-000108","anchor_url":"https://secwatch.observer/filing/0001866581-23-000108#claim-64a7037d48","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000108/0001866581-23-000108-index.htm"},{"fact_type":"executive_change","fact_key":"3b1904659a","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-08-08T23:59:59+00:00","payload":{"action":"appointed","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2024-01-01","interim":false,"role":"Chief Executive Officer and President","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Christine Barone was appointed as Chief Executive Officer and President at Dutch Bros Inc..","evidence_excerpt":"the Board plans to appoint Christine Barone, President of the Company, to the role of Chief Executive Officer and President","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-23-000108","anchor_url":"https://secwatch.observer/filing/0001866581-23-000108#claim-3b1904659a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000108/0001866581-23-000108-index.htm"},{"fact_type":"shareholder_vote","fact_key":"1257e9c4b6ad80e158ec359287d43de65a33af69","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-16","outcome":"passed","proposal_text":"Selection of Preferred Frequency of Stockholder Advisory Votes on Executive Compensation","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":null,"subject":"One Year","votes_abstain":null,"votes_against":null,"votes_for":"818,651,103","votes_withheld":null},{"broker_non_votes":null,"subject":"Two Years","votes_abstain":null,"votes_against":null,"votes_for":"248,659","votes_withheld":null},{"broker_non_votes":null,"subject":"Three Years","votes_abstain":null,"votes_against":null,"votes_for":"206,034","votes_withheld":null},{"broker_non_votes":null,"subject":"Abstentions","votes_abstain":"70,252","votes_against":null,"votes_for":null,"votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Broker Non-Votes","votes_abstain":null,"votes_against":null,"votes_for":null,"votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Selection of Preferred Frequency of Stockholder Advisory Votes on Executive Compensation at the 2023-05-16 meeting.","evidence_excerpt":"Proposal Three - Selection of Preferred Frequency of Stockholder Advisory Votes . A preferred frequency of one year was selected, on a non-binding, advisory basis, for future stockholder advisory votes regarding the compensation of our named executive officers. The voting results were as follows: One Year % One Year Two Years % Two Years Three Years % Three Years Abstentions Broker Non-Votes 818,651,103 97.6% 248,659 —% 206,034 —% 70,252 19,185,059","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000097","anchor_url":"https://secwatch.observer/filing/0001866581-23-000097#claim-1257e9c4b6ad80e158ec359287d43de65a33af69","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000097/0001866581-23-000097-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fc71cd5a1e7219893e631d6b094799ebb1a2940a","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-16","outcome":"passed","proposal_text":"Ratification of the Appointment of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"96,734","votes_against":"247,037","votes_for":"838,017,336","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2023-05-16 meeting.","evidence_excerpt":"Proposal Two - Ratification of the Appointment of Independent Registered Public Accounting Firm . The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023 was ratified. The voting results were as follows: Votes For % For Votes Against % Against Abstentions 838,017,336 100.0% 247,037 —% 96,734","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000097","anchor_url":"https://secwatch.observer/filing/0001866581-23-000097#claim-fc71cd5a1e7219893e631d6b094799ebb1a2940a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000097/0001866581-23-000097-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4cc3a9df4e1c5338c267ad60ac69c5fcdc40c383","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-16","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"19,185,059","subject":"Travis Boersma","votes_abstain":"47,676","votes_against":"7,135,983","votes_for":"811,992,389","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Shelley Broader","votes_abstain":"49,618","votes_against":"7,232,103","votes_for":"811,894,327","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Thomas Davis","votes_abstain":"61,653","votes_against":"7,554,835","votes_for":"811,559,560","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Kathryn George","votes_abstain":"49,949","votes_against":"7,149,479","votes_for":"811,976,620","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Stephen Gillett","votes_abstain":"57,199","votes_against":"7,037,624","votes_for":"812,081,225","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Jonathan Ricci","votes_abstain":"52,385","votes_against":"6,710,465","votes_for":"812,413,198","votes_withheld":null},{"broker_non_votes":"19,185,059","subject":"Ann M. Miller","votes_abstain":"49,627","votes_against":"627,287","votes_for":"818,499,134","votes_withheld":null},{"broker_non_votes":"—","subject":"Blythe Jack","votes_abstain":"—","votes_against":"—","votes_for":"123,169,287","votes_withheld":null},{"broker_non_votes":"—","subject":"Charles Esserman","votes_abstain":"—","votes_against":"—","votes_for":"123,169,287","votes_withheld":null}]},"claim":"Dutch Bros Inc. shareholders approved Election of Directors at the 2023-05-16 meeting.","evidence_excerpt":"Proposal One - Election of Directors . The following nominees were elected as directors, each to serve until the 2024 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. • Directors elected 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: Nominee Votes For % For Votes Against % Against Abstentions Broker Non-Votes Travis Boersma 811,992,389 96.9% 7,135,983 0.9% 47,676 19,185,059","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000097","anchor_url":"https://secwatch.observer/filing/0001866581-23-000097#claim-4cc3a9df4e1c5338c267ad60ac69c5fcdc40c383","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000097/0001866581-23-000097-index.htm"},{"fact_type":"earnings_release","fact_key":"7ca779b82c6acc9ff3349b808632ca0aab704b1a","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-05-09T23:59:59+00:00","payload":{"eps_text":"$0.07","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the first quarter ended March 31, 2023","report_date":"2023-05-09","result_type":"reported_results","revenue_text":"$197.3 million"},"claim":"Dutch Bros Inc. reported the first quarter ended March 31, 2023 results: revenue $197.3 million, EPS $0.07. Guidance reaffirmed.","evidence_excerpt":"EX-99.1 (EX-99.1) ---\n\nDutch Bros Inc. Reports First Quarter 2023 Financial Results Record 45 New Systemwide Shop Openings in Q1 2023 Quarterly Revenue Increased Nearly 30% to $197.3 million Reaffirms 2023 Guidance GRANTS PASS, Ore. - May 9, 2023 - Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) one of the fastest-growing brands in the food service and","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000074","anchor_url":"https://secwatch.observer/filing/0001866581-23-000074#claim-7ca779b82c6acc9ff3349b808632ca0aab704b1a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000074/0001866581-23-000074-index.htm"},{"fact_type":"earnings_release","fact_key":"a6dac56a437562bbd40ed834d5aa0fa95764a996","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-02-22T23:59:59+00:00","payload":{"eps_text":"$(0.09)","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$(19.3) million","period_text":"the fourth quarter and year ended December 31, 2022","report_date":"2023-02-22","result_type":"reported_results","revenue_text":"$739.0 million"},"claim":"Dutch Bros Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $739.0 million, net income $(19.3) million, EPS $(0.09). Guidance initiated.","evidence_excerpt":"by reference. \n\n--- EX-99.1 (EX-99.1) ---\n\nDutch Bros Inc. Reports Fourth Quarter and Fiscal Year 2022 Financial Results Annual Revenues Increased Almost 50% Year-over-Year to $739.0 million Driven by 133 New Systemwide Shop Openings in 2022 Welcomes New President, Christine Barone Issues Additional Guidance for 2023 GRANTS PASS, Ore. - February 22, 2023 - Dutch Bros","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000032","anchor_url":"https://secwatch.observer/filing/0001866581-23-000032#claim-a6dac56a437562bbd40ed834d5aa0fa95764a996","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000032/0001866581-23-000032-index.htm"},{"fact_type":"earnings_release","fact_key":"1d5e67e5da470d61b681aa11322add435e4ce35f","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-01-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"Fourth quarter and full year ended December 31, 2022","report_date":"2023-01-09","result_type":"preliminary_results","revenue_text":null},"claim":"Dutch Bros Inc. reported preliminary financial results for Fourth quarter and full year ended December 31, 2022.","evidence_excerpt":"Dutch Bros Inc. (NYSE: BROS; the “Company”) one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported preliminary highlights for the quarterly and annual periods ended December 31, 2022","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000016","anchor_url":"https://secwatch.observer/filing/0001866581-23-000016#claim-1d5e67e5da470d61b681aa11322add435e4ce35f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000016/0001866581-23-000016-index.htm"},{"fact_type":"earnings_release","fact_key":"652a251cf9b5181e99682d03210e0332f93f4815","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-01-09T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the full year ending December 31, 2023","report_date":"2023-01-09","result_type":"guidance_update","revenue_text":"$950 million to $1 billion"},"claim":"Dutch Bros Inc. reported the full year ending December 31, 2023 results: revenue $950 million to $1 billion. Guidance initiated.","evidence_excerpt":"Total revenues are projected to be in the range of $950 million to $1 billion.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000013","anchor_url":"https://secwatch.observer/filing/0001866581-23-000013#claim-652a251cf9b5181e99682d03210e0332f93f4815","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm"},{"fact_type":"earnings_release","fact_key":"2c87ab4187c578a561e29d0d7c166658a46c4ff2","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-01-09T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fiscal year ended December 31, 2022","report_date":"2023-01-09","result_type":"preliminary_results","revenue_text":null},"claim":"Dutch Bros Inc. reported preliminary financial results for the fiscal year ended December 31, 2022.","evidence_excerpt":"Dutch Bros Inc. Reports Preliminary Fourth Quarter and Fiscal Year 2022 New Shop Openings and Same Shop Sales Results","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000013","anchor_url":"https://secwatch.observer/filing/0001866581-23-000013#claim-2c87ab4187c578a561e29d0d7c166658a46c4ff2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm"},{"fact_type":"earnings_release","fact_key":"324453de21560af63e26184fac84853c4ffaecac","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2023-01-09T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter ended December 31, 2022","report_date":"2023-01-09","result_type":"preliminary_results","revenue_text":null},"claim":"Dutch Bros Inc. reported preliminary financial results for the fourth quarter ended December 31, 2022.","evidence_excerpt":"On January 9, 2023, the Company announced its preliminary unaudited development and same shop sales results for the fourth quarter and full year ended December 31, 2022","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-23-000013","anchor_url":"https://secwatch.observer/filing/0001866581-23-000013#claim-324453de21560af63e26184fac84853c4ffaecac","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm"},{"fact_type":"executive_change","fact_key":"2a4c4e2998","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2022-11-28T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-11-28","interim":false,"role":"President","role_category":"president","successor_name":null,"successor_named":false},"claim":"Christine Barone was appointed as President at Dutch Bros Inc..","evidence_excerpt":"On November 28, 2022 (the “Effective Date”), Dutch Bros Inc., a Delaware corporation (the “Company”), announced that Christine Barone (age: 49) will be appointed to serve as President of the Company, reporting to Joth Ricci, who will continue to serve as Chief Executive Officer.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001866581-22-000132","anchor_url":"https://secwatch.observer/filing/0001866581-22-000132#claim-2a4c4e2998","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658122000132/0001866581-22-000132-index.htm"},{"fact_type":"earnings_release","fact_key":"252adcf29555a709c35599bcb2d45c697c948bc2","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2022-11-09T23:59:59+00:00","payload":{"eps_text":"$0.03","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$1.6 million","period_text":"the third quarter ended September 30, 2022","report_date":"2022-11-09","result_type":"reported_results","revenue_text":"$198.6 million"},"claim":"Dutch Bros Inc. reported the third quarter ended September 30, 2022 results: revenue $198.6 million, net income $1.6 million, EPS $0.03. Guidance raised.","evidence_excerpt":"Announces Third Quarter 2022 Financial Results Opened a Record 38 Shops, Revenues Increased 53% Year-over-Year to $198.6 Million Raises Annual Guidance for Total Revenues Targets 150 New Shop Openings for 2023; Reaching 800 Shops by the End of Next Year GRANTS PASS, OREGON - November 9, 2022 - Dutch Bros Inc.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001866581-22-000126","anchor_url":"https://secwatch.observer/filing/0001866581-22-000126#claim-252adcf29555a709c35599bcb2d45c697c948bc2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/0001866581-22-000126-index.htm"},{"fact_type":"executive_change","fact_key":"5c852c23fd","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2022-11-09T23:59:59+00:00","payload":{"action":"cease to be","action_category":"departure","departure_tone":"routine","effective_date":"2023-01-04","interim":false,"role":"Chief Marketing Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"John Graham departed as Chief Marketing Officer at Dutch Bros Inc..","evidence_excerpt":"On November 7, 2022 it was determined that John Graham will cease to be the Company’s Chief Marketing Officer effective as of January 4, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-22-000126","anchor_url":"https://secwatch.observer/filing/0001866581-22-000126#claim-5c852c23fd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658122000126/0001866581-22-000126-index.htm"},{"fact_type":"executive_change","fact_key":"b29d6e7e4a","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2022-08-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-08-22","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Ann M. Miller was appointed as Director at Dutch Bros Inc..","evidence_excerpt":"On August 22, 2022 (the “Effective Date”), the Board of Directors (the “Board”) of Dutch Bros Inc., a Delaware corporation (the “Company”), appointed Ann M. Miller to fill a vacancy on the Board and to serve on the Board as a director","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-22-000103","anchor_url":"https://secwatch.observer/filing/0001866581-22-000103#claim-b29d6e7e4a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658122000103/0001866581-22-000103-index.htm"},{"fact_type":"executive_change","fact_key":"72ab096d5d","cik":1866581,"ticker":"BROS","company_name":"Dutch Bros Inc.","filed_at":"2021-12-15T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2021-12-11","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Stephen Gillett was appointed as Director at Dutch Bros Inc..","evidence_excerpt":"On December 11, 2021 (the “Effective Date”), the Board of Directors (the “Board”) of Dutch Bros Inc., a Delaware corporation (the “Company”), appointed Mr. Stephen Gillett to fill a vacancy on the Board and to serve on the Board as a director until the Company’s 2022 annual meeting of stockholders, and until his successors have been duly elected and qualified, or until his earlier death, resignation or removal.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001866581-21-000017","anchor_url":"https://secwatch.observer/filing/0001866581-21-000017#claim-72ab096d5d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1866581/000186658121000017/0001866581-21-000017-index.htm"}]}