Dolby Laboratories Announces an Additional $300
Million for Stock Repurchase Program
July 29, 2010 04:08 PM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--Dolby Laboratories, Inc. (NYSE:DLB) today announced
that its Board of Directors has approved an additional $300 million for its stock repurchase program bringing the
approximate amount available for future repurchases of Dolby’s Class A Common Stock to $347 million. The
objective of the ongoing program is to offset dilution from the Company’s equity compensation programs.
Stock repurchases under this program may be made through open market transactions, negotiated purchases, or
otherwise, at times and in such amounts as Dolby considers appropriate. The timing of repurchases and the number
of shares repurchased will depend on a variety of factors including price, regulatory requirements and other market
conditions. Dolby may limit, suspend or terminate the stock repurchase program at any time without prior notice.
Any shares repurchased under the program will be returned to the status of authorized but unissued shares of Class
A Common Stock.
Certain statements in this press release, including statements relating to Dolby’s intention to repurchase its Class A
Common Stock in the future, are “forward-looking statements” that are subject to risks and uncertainties. These
forward-looking statements are based on management’s current expectations, and as a result of certain risks and
uncertainties, actual results may differ materially from those projected. The following important factors, without
limitation, could cause actual results to differ materially from those in the forward-looking statements: risks associated
with changing stock market conditions, Dolby’s ability to make appropriate, timely and beneficial decisions as to
when, how, and whether to purchase shares under the stock repurchase program, alternative uses of Dolby’s capital
and other risks detailed in Dolby’s Securities and