Dolby Laboratories, Inc. (DLB) Form 8-K — Aug 27, 2026
Dolby Laboratories announced on August 27, 2026 that its Board appointed Marc Whitten as President, Chief Executive Officer and a director, effective immediately, as Kevin Yeaman retires from the CEO role and the board after nearly two decades with the company. Yeaman will stay on as a consultant through the end of calendar 2027, receiving $40,000 per month for six months, to support a smooth transition. Whitten, 55, brings more than three decades of product and platform leadership, most recently as Vice President of Robotics at Meta and CEO of GM's Cruise, with prior senior roles at Unity, Amazon, Sonos and Microsoft, where he helped build Xbox and Xbox Live.
Key figures
- Severance non cic
- 150% of base salary plus 150% of target bonus
- Sign on bonus usd
- 2100000
- New hire psu count
- 600000
- Ceo base salary usd
- 1000000
- New hire rsu vesting
- semi-annually over 2 years
- Yeaman consulting fee
- $40,000 per month for six months, consulting through end of calendar 2027
- New hire rsu value usd
- 10000000
- Fy2027 psu grant value usd
- 2750000
- Fy2027 rsu grant value usd
- 5500000
- Retention award recipients
- ["John Couling","Andy Sherman"]
- Psu stock price hurdles usd
- [75,100,125,150,175]
- Severance change in control
- 200% of base salary plus 200% of target bonus, 100% equity acceleration
- Relocation reimbursement usd
- 200000
- Fy2027 option grant value usd
- 2750000
- Ceo target bonus pct of salary
- 100
- Retention award value each usd
- 3000000
- Yeaman transition coaching usd
- 200000
- Inducement plan shares reserved
- 2500000
- Yeaman attorneys fees reimbursement usd
- 15000
Price after filing
Close on the filing date to close N calendar days later (from $62.41). Historical, not a forecast.
AI analysis
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