Dutch Bros Elects New Directors, Adjusts Officer Compensation
Ticker: BROS · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1866581
Sentiment: neutral
Topics: corporate-governance, board-of-directors, executive-compensation
Related Tickers: BROS
TL;DR
Dutch Bros adds 2 board members & tweaks exec pay.
AI Summary
Dutch Bros Inc. announced on June 19, 2024, the election of two new directors, J. Scott Tozier and Sarah E. McSweeney, to its Board of Directors. The company also disclosed compensatory arrangements for certain officers, including equity awards and performance-based incentives, as part of its ongoing governance and compensation strategy.
Why It Matters
The addition of new directors and adjustments to executive compensation can signal strategic shifts or efforts to strengthen corporate governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters like director elections and compensation adjustments, which typically carry low inherent risk.
Key Players & Entities
- Dutch Bros Inc. (company) — Registrant
- J. Scott Tozier (person) — Newly Elected Director
- Sarah E. McSweeney (person) — Newly Elected Director
- Delaware (jurisdiction) — State of Incorporation
- June 19, 2024 (date) — Date of Report
FAQ
Who were the newly elected directors at Dutch Bros Inc.?
J. Scott Tozier and Sarah E. McSweeney were elected as new directors to the Board of Directors of Dutch Bros Inc.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on June 19, 2024.
What is Dutch Bros Inc.'s state of incorporation?
Dutch Bros Inc. is incorporated in Delaware.
What is the principal executive office address for Dutch Bros Inc.?
The principal executive offices are located at 110 SW 4th Street, Grants Pass, Oregon 97526.
Filing Stats: 838 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-06-24 16:07:21
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-20240619.htm (8-K) — 30KB
- a2024-06x18serviceonboar.htm (EX-10.1) — 7KB
- exh991_bodapptx62024.htm (EX-99.1) — 9KB
- a2024-06x18serviceonboar001.jpg (GRAPHIC) — 221KB
- a2024-06x18serviceonboar002.jpg (GRAPHIC) — 232KB
- a2024-06x18serviceonboar003.jpg (GRAPHIC) — 75KB
- bros-20240619_g1.jpg (GRAPHIC) — 8KB
- image.jpg (GRAPHIC) — 25KB
- toc1a.jpg (GRAPHIC) — 17KB
- tpenegorpicturea.jpg (GRAPHIC) — 887KB
- 0001866581-24-000202.txt ( ) — 2202KB
- bros-20240619.xsd (EX-101.SCH) — 2KB
- bros-20240619_lab.xml (EX-101.LAB) — 22KB
- bros-20240619_pre.xml (EX-101.PRE) — 13KB
- bros-20240619_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 24, 2024, the Company issued a press release announcing the appointment of Mr. Penegor to the Board. A copy of the Company's press release announcing the appointment is attached hereto as Exhibit 99.1. The information included in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and 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 10.1 Offer Letter, dated as of June 18, 2024, by and between Dutch Bros Inc. and Todd Penegor 99.1 Press release dated June 24, 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: June 24, 2024 By: /s/ Joshua Guenser Joshua Guenser Chief Financial Officer