{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-027868","form_type":"8-K","ticker":"BROS","cik":"0001866581","company_name":"Dutch Bros Inc.","filed_at":"2024-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.985524+00:00","generated_at":"2026-06-01T04:55:27.791815+00:00","sec_items":["1.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Dutch Bros secondary offering of 8.76M shares closes; sponsor voting power drops to 1.1%","bullets":["Selling stockholders sold 8,762,700 Class A shares at $39.30/share; company receives no proceeds.","Stockholders Agreement with TSG terminated automatically as Class C/D shares fell below 10% threshold after offering.","Sean Sullivan resigned as Class C Director; no Class C Director will remain.","Class C shares voting power reduced to 1 vote/share; Class D shares converted to Class A; sponsor now holds ~1.1% voting power.","Underwriters have 30-day lock-up on insider sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-027868","json":"https://secwatch.observer/filing/0001628280-24-027868.json","markdown":"https://secwatch.observer/filing/0001628280-24-027868.md","text":"https://secwatch.observer/filing/0001628280-24-027868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866581/000162828024027868/0001628280-24-027868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866581/000162828024027868/bros-20240610.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:55:27.791815+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aaed948082","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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866581/000162828024027868/0001628280-24-027868-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Class C Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}