Dutch Bros Inc.
Dutch Bros Inc. Terminates Stockholders Agreement and Class C Director Resigns
Summary
Dutch Bros Inc. announced the termination of its Stockholders Agreement with certain affiliates of TSG Consumer Partners, L.P., and the resignation of Sean Sullivan, the remaining Class C Director, following the reduction in the outstanding shares of Class C common stock and Class D common stock below 10% as per the terms of the agreement. Additionally, the company entered into an underwriting agreement for a registered public offering of its Class A common stock. The Offering is being made pursuant to the company's automatic shelf registration statement on Form S-3ASR.
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Exhibits (2)
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About Dutch Bros Inc.
Dutch Bros Inc. is a prominent beverage company specializing in crafted coffee and energy drinks. The primary focus of Dutch Bros Inc. is to provide a quick-service, drive-thru coffee experience, delivering high-quality drinks with exceptional customer service. With a growing footprint in the western United States, the company operates a network of drive-thru locations, offering a wide array of beverages such as specialty coffees, teas, smoothies, and their proprietary Rebel Energy Drinks. As a key player in the growing coffee market, Dutch Bros Inc. brings a unique, community-focused approach to its operations, emphasizing customer loyalty and community engagement. Founded in 1992 in Grants Pass, Oregon, Dutch Bros Inc. has continued to expand its geographical reach, catering primarily to a youthful demographic that values speedy service and customization options. Its culture and approach heavily influence the retail coffee sector, setting trends for innovative beverage offerings and modern retail strategies within the industry.
Official SEC Documents
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