Dolby names Marc Whitten CEO as Kevin Yeaman retires

Dolby Laboratories, Inc.

Marc Whitten named President, CEO, and director effective Aug 27, 2026; Kevin Yeaman retires same day.
Whitten receives $1M salary, 100% target bonus, $2.1M sign-on, ~$10M RSUs, and 600k PSUs with $75-$175 price hurdles.
Yeaman to advise through end of 2027 at $40k/month for 6 months; equity continues vesting during consulting period.
Retention awards of ~$3M each granted to EVPs John Couling and Andy Sherman, vesting after 2 years.
Board adopts 2026 Inducement Plan reserving 2.5M shares for new-hire equity awards.

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