Dolby Laboratories (DLB)

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.

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 Company’s 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 Company’s Audit Committee approved entering into the at-will employment arrangement in accordance with the terms of the Company’s Related Person Transactions Policy.

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 Company’s insider trading policy.

A total of up to 543,750 shares (or 27.5% of Mr. Jasper’s direct and indirect holdings as of November 16, 2005, including vested and unvested options) could be sold under Mr. Jasper’s trading plans, a significant portion of which relates to marriage settlement obligations and other familial arrangements. Specifically, Mr. Jasper’s 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.

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.

Date: November 17, 2005

Item 8.01 Other Events.

On June 16, 2005, the Compensation Committee of the Board of Directors of Dolby Laboratories, Inc. approved the following forms of award agreements for use in connection with equity awards granted under Dolby’s 2005 Stock Plan:

Please see the description of the material terms and conditions of the 2005 Stock Plan (and the agreements used for granting equity awards under such plan) included in Dolby’s Registration Statement on Form S-1 filed on February 16, 2005 (Commission File No. 333-120614). The forms of agreements for use in connection with equity awards that may be granted to executive officers contain transfer provisions under which such awards may be transferred for estate planning purposes.

ITEM 8.01. Other Events

On April 22, 2005 the U.S. District Court for the Northern District of California granted Dolby’s motions for summary judgment that Dolby has not infringed, induced others to infringe or contributed to the infringement of United States Patent No. 5,341,457 (the “‘457 patent”) or United States Patent No. 5,627,938 (the “‘938 patent”). The ‘457 patent and the ‘938 patent generally involve a process and means for digitally encoding and decoding audio signals. Dolby filed these motions as part of an ongoing dispute with Lucent Technologies, Inc. and Lucent Technologies Guardian I, LLC (together “Lucent”) in which Dolby contended that Lucent was wrongly asserting that Dolby licensees using Dolby’s AC-3 audio compression technology required licenses to the ‘457 and ‘938 patents. In granting summary judgment of noninfringement, the court found that Lucent had not presented evidence from which a reasonable fact-finder could find that Dolby’s AC-3 technology infringes either the ‘457 or ‘938 patents. The court’s April 22, 2005 ruling granting summary judgment of noninfringement can be appealed to the United States Federal Circuit Court of Appeals.