---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-24-000175"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:20:42.662557+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dutch Bros co-founder entities surrender 23M Class B shares, cap individual voting at <50%

## Summary
- Co-Founder Entities surrendered 23,000,000 shares of Class B Common Stock, which were cancelled.
- After cancellation, Co-Founder Entities and Sponsor hold ~70.3% and ~10.3% of voting power, respectively.
- Limitation Agreement prevents any single Co-Founder Entity from holding 50% or more of total voting power.
- Annual meeting results: all director nominees elected; KPMG ratified as auditor; executive compensation approved on advisory basis.

## SEC filing metadata
- accession: 0001866581-24-000175
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000175/0001866581-24-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000175/bros-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-24-000175
- JSON: https://secwatch.observer/filing/0001866581-24-000175.json
- Plain text: https://secwatch.observer/filing/0001866581-24-000175.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.