Dutch Bros 8-K Signals Operational & Leadership Changes on Jan 8

TL;DR

**Dutch Bros filed an 8-K on Jan 8, indicating major operational and leadership changes.**

AI Summary

Dutch Bros Inc. filed an 8-K on January 8, 2024, to report on its 'Results of Operations and Financial Condition,' 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' 'Regulation FD Disclosure,' and 'Financial Statements and Exhibits.' This filing indicates that significant operational and leadership changes, potentially including executive compensation adjustments, occurred on this date. For investors, this matters because changes in financial condition and executive leadership can directly impact the company's strategic direction, future performance, and ultimately, the stock's value.

Why It Matters

This filing signals potential shifts in Dutch Bros' financial health and executive team, which could influence its growth trajectory and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and financial condition can introduce uncertainty, making the company's future performance less predictable.

Analyst Insight

Investors should closely monitor subsequent filings or press releases from Dutch Bros Inc. for specific details regarding the reported operational results, any executive changes, and compensatory arrangements to understand the full impact on the company's outlook.

Key Players & Entities

• Dutch Bros Inc. (company) — the registrant filing the 8-K
• January 8, 2024 (date) — the date of the earliest event reported in the 8-K
• 001-40798 (other) — Commission File Number for Dutch Bros Inc.
• 110 SW 4th Street, Grants Pass, Oregon (other) — principal executive offices address

FAQ

Key Financial Figures

• $0.00001 — tered Class A Common Stock, par value $0.00001 per share BROS The New York Stock Excha

Filing Documents

• bros-20240108.htm (8-K) — 30KB
• a2023-q4_ex991prelim.htm (EX-99.1) — 25KB
• bros-20240108_g1.jpg (GRAPHIC) — 8KB
• dblogoforer-jpega.jpg (GRAPHIC) — 8KB
• toc1aa.jpg (GRAPHIC) — 17KB
• 0001866581-24-000013.txt ( ) — 242KB
• bros-20240108.xsd (EX-101.SCH) — 2KB
• bros-20240108_lab.xml (EX-101.LAB) — 24KB
• bros-20240108_pre.xml (EX-101.PRE) — 13KB
• bros-20240108_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 8, 2024, Dutch Bros Inc., a Delaware corporation (the "Company") announced its new shop openings for the fourth quarter and full year ended December 31, 2023, and its preliminary outlook for new shop openings for the full year ending December 31, 2024. A copy of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 8, 2024, the Company announced planned senior leadership changes. Joshua Guenser will join the Company as Incoming Chief Financial Officer on or about February 19, 2024 in concert with Charley Jemley's planned departure from his current role as Chief Financial Officer. Mr. Jemley will remain Chief Financial Officer through the public release of the Company's quarterly results for the quarter ending March 31, 2024, after which the Company anticipates that, subject to his appointment by the Company's Board of Directors (the "Board"), Mr. Guenser will succeed Mr. Jemley to serve as Chief Financial Officer, and Mr. Jemley will transition to an advisor of the Company. Sumitro Ghosh will join the Company as Incoming President of Operations on or about January 15, 2023 in concert with Brian Maxwell's planned change from his current role as Chief Operating Officer to Vice Chairman. Mr. Maxwell will remain Chief Operating Officer through a transitional period, anticipated to be approximately 3-5 months, after which the Company anticipates that, subject to each of their respective appointments by the Board, Mr. Ghosh will transition to serve as President of Operations, and Mr. Maxwell will transition to serve as Vice Chairman, following which the Company plans to eliminate the role of Chief Operating Officer. A

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The information included in Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release issued by Dutch Bros Inc. on January 8, 2024 104 Cover Page with Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DUTCH BROS INC. (Registrant) Date: January 8, 2024 By: /s/ Charles L. Jemley Charles L. Jemley Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR