Dolby Labs DEF 14A: Executive Compensation Details
Ticker: DLB · Form: DEF 14A · Filed: Dec 20, 2024 · CIK: 1308547
| Field | Detail |
|---|---|
| Company | Dolby Laboratories, INC. (DLB) |
| Form Type | DEF 14A |
| Filed Date | Dec 20, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1.27 billion, $1.30 billion, $261.8 million, $200.7 million, $2.69 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
Dolby Labs DEF 14A out: Executive pay and award values detailed for FY25.
AI Summary
Dolby Laboratories, Inc. filed its DEF 14A on December 20, 2024, for the fiscal year ending September 27, 2025. The filing details executive compensation and other corporate governance matters. Key information includes the fair value of outstanding and unvested awards granted to PEO members during the fiscal year, as well as changes in fair value for awards granted in prior fiscal years.
Why It Matters
This filing provides shareholders with crucial information regarding executive compensation, which can influence investor decisions and the company's long-term strategy.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating immediate operational or financial risk.
Key Numbers
- 20250204 — Conformed Period of Report (The period this filing pertains to.)
- 20241220 — Filed as of Date (The date the filing was submitted to the SEC.)
Key Players & Entities
- Dolby Laboratories, Inc. (company) — Filer
- 20250204 (date) — Conformed Period of Report
- 20241220 (date) — Filed as of Date
- 0001308547 (company) — Central Index Key
- 1275 MARKET STREET (address) — Business Address
- SAN FRANCISCO (location) — Business City
- CA (location) — Business State
- 94103 (zip_code) — Business Zip
- 415 558 0200 (phone_number) — Business Phone
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.
What fiscal year does this Dolby Laboratories, Inc. DEF 14A filing cover?
This filing has a conformed period of report of 20250204, indicating it pertains to the company's fiscal year ending around that time, with specific fiscal year end dates mentioned as 0927.
Where is Dolby Laboratories, Inc. headquartered?
Dolby Laboratories, Inc. is headquartered at 1275 Market Street, San Francisco, CA 94103.
What type of information is detailed regarding awards granted to PEO members?
The filing details the 'GrantDateFairValueOfAwardsGrantedInFiscalYearMember' and 'FairValueOfOutstandingAndUnvestedAwardsAtFiscalYearendThatWereGrantedInFiscalYearMember' for PEO members.
What is the SIC code for Dolby Laboratories, Inc.?
The Standard Industrial Classification (SIC) code for Dolby Laboratories, Inc. is 6794, which corresponds to Patent Owners & Lessors.
Filing Stats: 4,560 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-12-20 08:46:09
Key Financial Figures
- $1.27 billion — 23 Percentage Change Total Revenue $1.27 billion $1.30 billion (2.3 %) Net Income
- $1.30 billion — Change Total Revenue $1.27 billion $1.30 billion (2.3 %) Net Income $261.8 million
- $261.8 million — $1.30 billion (2.3 %) Net Income $261.8 million $200.7 million 30.4 % Diluted Ea
- $200.7 million — (2.3 %) Net Income $261.8 million $200.7 million 30.4 % Diluted Earnings Per Share
- $2.69 — 30.4 % Diluted Earnings Per Share $2.69 $2.05 31.2 % Non-GAAP Net Income
- $2.05 — % Diluted Earnings Per Share $2.69 $2.05 31.2 % Non-GAAP Net Income (1) $
- $369.0 million — 5 31.2 % Non-GAAP Net Income (1) $369.0 million $348.0 million 6.0 % Non-GAAP Di
- $348.0 million — -GAAP Net Income (1) $369.0 million $348.0 million 6.0 % Non-GAAP Diluted Earnings Pe
- $3.79 — n-GAAP Diluted Earnings Per Share (1) $3.79 $3.56 6.5 % Stock Price Per Shar
- $3.56 — iluted Earnings Per Share (1) $3.79 $3.56 6.5 % Stock Price Per Share (High
- $90.06 — Stock Price Per Share (High and Low) $90.06 / $66.35 $91.02 / $61.55 — Stock
- $66.35 — rice Per Share (High and Low) $90.06 / $66.35 $91.02 / $61.55 — Stock Price Per
- $91.02 — Share (High and Low) $90.06 / $66.35 $91.02 / $61.55 — Stock Price Per Share as
- $61.55 — gh and Low) $90.06 / $66.35 $91.02 / $61.55 — Stock Price Per Share as of Fisca
- $75.61 — Price Per Share as of Fiscal Year-End $75.61 $79.26 (4.6 %) (1) A reconcilia
Filing Documents
- d79734ddef14a.htm (DEF 14A) — 1273KB
- g79734dsp001g.jpg (GRAPHIC) — 1KB
- g79734g01k03.jpg (GRAPHIC) — 105KB
- g79734g01x01.jpg (GRAPHIC) — 157KB
- g79734g02h02.jpg (GRAPHIC) — 131KB
- g79734g05a10.jpg (GRAPHIC) — 8KB
- g79734g05a20.jpg (GRAPHIC) — 8KB
- g79734g07a10.jpg (GRAPHIC) — 14KB
- g79734g07c20.jpg (GRAPHIC) — 16KB
- g79734g15q80.jpg (GRAPHIC) — 39KB
- g79734g15q81.jpg (GRAPHIC) — 40KB
- g79734g16q80.jpg (GRAPHIC) — 40KB
- g79734g17q80.jpg (GRAPHIC) — 37KB
- g79734g17q81.jpg (GRAPHIC) — 38KB
- g79734g17q82.jpg (GRAPHIC) — 44KB
- g79734g18m91.jpg (GRAPHIC) — 52KB
- g79734g18q80.jpg (GRAPHIC) — 33KB
- g79734g18q81.jpg (GRAPHIC) — 39KB
- g79734g19g58.jpg (GRAPHIC) — 96KB
- g79734g19q80.jpg (GRAPHIC) — 37KB
- g79734g20q14.jpg (GRAPHIC) — 66KB
- g79734g21c77.jpg (GRAPHIC) — 6KB
- g79734g34c38.jpg (GRAPHIC) — 86KB
- g79734g36f00.jpg (GRAPHIC) — 70KB
- g79734g36m01.jpg (GRAPHIC) — 71KB
- g79734g36m02.jpg (GRAPHIC) — 69KB
- g79734g51c00.jpg (GRAPHIC) — 120KB
- g79734g67v52.jpg (GRAPHIC) — 7KB
- g79734g76h94.jpg (GRAPHIC) — 72KB
- g79734g86v58.jpg (GRAPHIC) — 69KB
- g79734sp001y.jpg (GRAPHIC) — 3KB
- g79734sp001z.jpg (GRAPHIC) — 66KB
- g79734sp01b.jpg (GRAPHIC) — 16KB
- g79734sp01c.jpg (GRAPHIC) — 2KB
- g79734sp01d.jpg (GRAPHIC) — 1KB
- g79734sp01e.jpg (GRAPHIC) — 1KB
- g79734sp01f.jpg (GRAPHIC) — 1KB
- g79734sp01h.jpg (GRAPHIC) — 16KB
- g79734sp02a.jpg (GRAPHIC) — 1KB
- g79734sp02b.jpg (GRAPHIC) — 2KB
- g79734sp02c.jpg (GRAPHIC) — 1KB
- 0001193125-24-282542.txt ( ) — 5943KB
- dlb-20240927.xsd (EX-101.SCH) — 5KB
- dlb-20240927_def.xml (EX-101.DEF) — 5KB
- dlb-20240927_lab.xml (EX-101.LAB) — 7KB
- dlb-20240927_pre.xml (EX-101.PRE) — 4KB
- d79734ddef14a_htm.xml (XML) — 201KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 23 Certain Relationships and Related Transactions 28 Executive Officers 31 Compensation Discussion and Analysis 33 Report of the Compensation Committee of the Board of Directors 51
Executive Compensation Tables and Related Matters
Executive Compensation Tables and Related Matters 52 PROPOSAL 2 – Advisory Vote to Approve Named Executive Officer Compensation 68 PROPOSAL 3 – Advisory Vote on the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation 69 PROPOSAL 4 – Amendment of Amended and Restated Certificate of Incorporation to Provide for Officer Exculpation as Permitted by Delaware Law 70 Report of the Audit Committee of the Board of Directors 72 PROPOSAL 5 – Ratification of Independent Registered Public Accounting Firm 73 Additional Meeting Matters 75 Delinquent Section 16(a) Reports 79 2024 Annual Report 80 Appendix A — Reconciliation of Non-GAAP to GAAP Financial Measures A-1 Appendix B — Proposed Amendment of Amended and Restated Certificate of Incorporation B-1 Table of Contents PROXY STATEMENT SUMMARY This summary highlights certain information contained elsewhere in this Proxy Statement. You should read the entire Proxy Statement carefully before voting as this summary does not contain all the information that you should consider. 2025 Annual Meeting of Stockholders The Annual Meeting will be held virtually via live webcast. Stockholders will not be able to attend the Annual Meeting in person. Date and Time: Tuesday, February 4, 2025 at 10:30 a.m. Pacific Standard Time Place: Live webcast accessible at meetnow.global/M66FQT7. Please see " Attending the Virtual Annual Meeting " beginning on page 76 for information on how to attend, submit questions and vote at the Annual Meeting. Record Date: December 6, 2024 Proposals to Be Voted on at 2025 Annual Meeting Proposal Board Recommendation Page Number for Additional Information 1. Election of Directors FOR 7 2. Advisory Vote to Approve Named Executive Officer Compensation FOR 68 3. Advisory Vote on the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation ONE YEAR 69 4. Amendment of Amended and Resta