Dolby Laboratories, Inc. (DLB): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 17:19 ET
- Event date
- 2026-11-09
- Accession no.
- 0001193125-26-461010
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
Dolby approves fiscal 2027 executive bonus plan and new executive severance policy
Dolby’s Compensation Committee adopted its fiscal 2027 executive cash bonus plan on November 10, 2026, with funding capped at 150% of target. On November 9, 2026, it approved a severance policy for designated executives providing payments, health benefits and equity vesting after qualifying terminations, with enhanced benefits around a change in control.
- The Committee adopted the 2027 Dolby Executive Bonus Plan on November 10, 2026; funding is capped at 150% of target.
- CEO Marc Whitten’s annual target bonus equals 100% of base salary; his fiscal 2027 bonus will be paid at 100% of target.
- The severance policy covers Andy Sherman, Robert Park, John Couling and Shriram Revankar.
- Qualifying severance includes salary and incentive payments, COBRA benefits and equity vesting, with enhanced change-in-control terms.
governance
Items reported
- Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
A director or a named officer (such as the CEO or CFO) left or was appointed, or certain executive compensation arrangements were adopted or changed.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | 8-K | d101237d8k.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.