secwatch.observer — SEC 8-K summary
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Issuer:     Dolby Laboratories, Inc. (DLB)
CIK:        0001308547
Form:       8-K
Filed at:   2026-08-27T13:00:06+00:00
Accession:  0001193125-26-369707
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dolby names Marc Whitten CEO as Kevin Yeaman retires
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1308547/000119312526369707/0001193125-26-369707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1308547/000119312526369707/d349287d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-369707

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer