secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001866581-24-000117
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dutch Bros appoints Sumitro Ghosh as President of Operations; Brian Maxwell named Vice Chair
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- Brian Maxwell transitions from executive officer to newly created Vice Chair role, effective April 1, 2024.
- Sumitro Ghosh appointed President of Operations; previously Incoming President of Operations since Jan 2024.
- Ghosh held senior roles at Nike (Global VP Stores) and Starbucks (SVP Siren Retail), and CEO of TATA Starbucks.
- Ghosh's compensation: $500k base salary, $250k signing bonus, 60% annual bonus target, and RSU awards totaling $1.3M.
- Relocation reimbursement up to $200k plus tax gross-up; eligible for severance under company plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000186658124000117/0001866581-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000186658124000117/bros-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001866581-24-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer