Item 2.02. Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition." This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On February 3, 2022, Dolby Laboratories, Inc. (the "Company") issued a press release announcing its financial results for its fiscal quarter ended December 31, 2021. The full text of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.




Item 8.01. Other Events.

Declaration of Dividend

On February 3, 2022, the Company announced a cash dividend of $0.25 per share of Class A and Class B Common Stock, payable on February 23, 2022 to stockholders of record as of the close of business on February 16, 2022.

Increase in Share Repurchase Authorization

On February 3, 2022, the Company also announced that its Board of Directors approved increasing the size of its stock repurchase program by $250 million, bringing the amount available for future repurchases of the Company's Class A Common Stock to approximately $506 million. Stock repurchases under this program may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as the Company considers appropriate. The timing of repurchases and the number of shares repurchased will depend on a variety of factors including price, the rate of dilution from the Company's equity compensation programs, regulatory requirements, and other market conditions. The Company 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.

Disclosure Channels to Disseminate Information

The Company disseminates information to the public about the Company, its products, services and other matters through various channels, including the Company's website (www.dolby.com), investor relations website (http://investor.dolby.com), SEC filings, press releases, public conference calls and webcasts, in order to achieve broad, non-exclusionary distribution of information to the public. The Company encourages investors and others to review the information it makes public through these channels, as such information could be deemed to be material information.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits

Exhibit No.    Description

  99.1           Press Release of Dolby Laboratories, Inc. dated February 3,
               2022
104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document)

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