This excerpt taken from the DLB 8-K filed Nov 3, 2009.
Section 8 – Other Events
On November 3, 2009, the Company announced that its Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $250 million of its Class A Common Stock. Stock repurchases under this program may be made through open market transactions, negotiated purchases, or otherwise, at times and in such amounts as the Company considers appropriate. The Company issued a press release on November 3, 2009 announcing its stock repurchase program. The full text of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
This excerpt taken from the DLB 8-K filed May 16, 2008.
Section 8 Other Events
Dolby Laboratories, Inc. (the Company) announces that David Dolby will join the Company in a non-executive position as Manager, Strategic Partnership and Business Development. David Dolby has voting control over 2,310,165 shares of the Companys Class B Common Stock as Special Trustee of the Ray Dolby 2002 Trust B dated April 19, 2002 and he is the son of Ray Dolby, founder, Chairman of the Board of Directors, and a significant stockholder of the Company. The Companys Audit Committee approved entering into the at-will employment arrangement in accordance with the terms of the Companys Related Person Transactions Policy.
This excerpt taken from the DLB 8-K filed Nov 17, 2005.
ITEM 8.01. Other Events.
Certain officers of Dolby Laboratories, Inc. (the Company), including N.W. Jasper, Jr., President and Chief Executive Officer, adopted Rule 10b5-1 trading plans in the fourth quarter of fiscal 2005. The plans were adopted during an open window in accordance with guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended, and as permitted by the Companys insider trading policy.
A total of up to 543,750 shares (or 27.5% of Mr. Jaspers direct and indirect holdings as of November 16, 2005, including vested and unvested options) could be sold under Mr. Jaspers trading plans, a significant portion of which relates to marriage settlement obligations and other familial arrangements. Specifically, Mr. Jaspers plans provide for sales of up to: 192,500 shares during the fourth calendar quarter of 2005, 118,750 shares during the first calendar quarter of 2006, 92,500 shares during the second calendar quarter of 2006, 70,000 shares during the third calendar quarter of 2006 and 70,000 shares during the fourth calendar quarter of 2006.
Actual sale transactions will be disclosed publicly through filings with the Securities and Exchange Commission as required.
Rule 10b5-1 allows persons who may be considered insiders to adopt pre-arranged written plans for trading specified amounts of stock. A plan establishes predetermined trading parameters that do not permit the person adopting the plan to exercise subsequent influence over how, when or whether to effect trades. Once a plan is set up, trades may be executed at times when the person who adopted the plan is in possession of material nonpublic information, based on the application of the trading parameters determined at the time the plan was adopted. Trading plans are designed to allow persons to sell shares in an orderly fashion for asset diversification, liquidity and tax planning and to avoid concerns about initiating stock transactions while in possession of material, non-public information.
The Company does not undertake any obligation to report Rule 10b5-1 trading plans that may be adopted by any of its officers and directors in the future, or to report any modifications or terminations of any publicly announced plan, except to the extent required by law.
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.
Date: November 17, 2005