Dolby Compensation Committee approves 2023 Executive Bonus Plan with CEO target at 100% of salary

Dolby Laboratories, Inc.

CEO target bonus set at 100% of base salary; other named executive officers at 65%.
Actual bonuses depend on achievement of non-GAAP operating income, revenue, and other goals.
Committee may adjust CEO bonus; CEO can recommend ±25% adjustments for other executives.
Plan funding capped at 150% of target for fiscal 2023.

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