DLB » Topics » Not Applicable

This excerpt taken from the DLB 8-K filed May 1, 2008.
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Section 2 – Financial Information

This excerpt taken from the DLB 8-K filed Feb 11, 2008.

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Amended and Restated 2005 Stock Plan

On February 5, 2008, at the annual meeting of the stockholders of Dolby Laboratories, Inc. (the “Company”), an amendment to the Company’s 2005 Stock Plan (the “Plan”) was approved by the Company’s stockholders. The Compensation Committee (the “Committee”) of the Board of Directors of the Company had previously adopted the amendment, subject to stockholder approval, on November 6, 2007. The amendment included a number of changes to the Plan, including, an increase in the maximum number of shares of the Company’s Class A Common Stock that may be issued under the Plan by 6,000,000 shares from 6,000,000 shares to 12,000,000 shares. A copy of the amended and restated Plan is filed with this report as Exhibit 99.1 and is incorporated herein by reference.

Amended and Restated Employee Stock Purchase Plan

On February 5, 2008, the Committee approved a number of amendments to the Company’s Employee Stock Purchase Plan (the “ESPP”), including a change in the purchase price of shares of the Company’s Class A Common Stock pursuant to the terms of the ESPP. For the offering period ending in May 2008, the purchase price will remain at an amount equal to 95 percent of the closing price of the Company’s Class A Common Stock as reported on the New York Stock Exchange on the last day of the offering period. For subsequent offering periods, the purchase price will be an amount equal to 85 percent of the closing price of the Company’s Class A Common Stock as reported on the New York Stock Exchange on the last day of the applicable offering period. A copy of the amended and restated ESPP is filed with this report as Exhibit 99.2 and is incorporated herein by reference.

 

ITEM 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit No.

  

Description

99.1    2005 Stock Plan, as amended and restated
99.2    Employee Stock Purchase Plan, as amended and restated


This excerpt taken from the DLB 8-K filed Jan 31, 2008.
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




This excerpt taken from the DLB 8-K filed Nov 20, 2006.

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 14, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Dolby Laboratories, Inc. (the “Company”) adopted an executive cash bonus plan for fiscal year 2007, entitled the 2007 Dolby Executive Annual Incentive Plan (the “Executive Plan”). A copy of the Executive Plan is filed with this report as Exhibit 99.1 and is incorporated herein by reference.

Only the Company’s executive officers are eligible to receive bonuses pursuant to the Executive Plan. Individual target bonuses will be determined based on a percentage of each executive’s salary and will be paid out based upon the achievement by the Company of certain profit margin and revenue goals during the 2007 fiscal year.

The Committee set target bonuses and, as applicable, set the individual performance objectives for the Company’s executive officers as described below. For the 2007 fiscal year, the target bonus for the Company’s principal executive officer is 75% of his base salary, and for each other executive officer, 55% of his respective base salary. For fiscal year 2007, individual performance objectives for our executive officers (other than the principal executive officer) include: the achievement of certain objectives related to business development, research and product expansion, financial, sales and marketing initiatives, and operational efficiencies. The Committee did not set target bonuses and individual performance objectives for the Company’s former chief financial officer and former senior vice president and general manager, consumer division. These individuals were identified as named executive officers in the Company’s proxy statement for its 2006 annual meeting of stockholders, but no longer serve as executive officers of the Company (although they remain employees of the Company).

The actual bonus amount payable to our principal executive officer will be determined by multiplying his base salary by his target bonus percentage, but the actual bonus amount may be less than, or exceed, his target bonus, depending on the extent to which the Company meets the profit margin and revenue goals.

The actual bonuses for all other eligible executive officers will be determined by multiplying base salary by the applicable target bonus percentage and then adjusting such number to reflect the executive’s individual performance and the extent to which such executive achieved the individually-established pre-determined performance objectives. However, the actual bonus amount paid to any such executive officer may be less than, or exceed, the executive’s target bonus, depending on (i) the extent to which the Company meets the profit margin and revenue goals and (ii) the extent to which each executive satisfies the appropriate pre-determined performance objectives.

No actual bonus payment to any executive may exceed the limitation set forth in the Company’s 2005 Stock Plan. An executive officer may only be paid a bonus under the Executive Plan if the Committee has certified in writing that the applicable individual performance objectives have been met.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   

Description

99.1    2007 Dolby Executive Annual Incentive Plan.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki