Dolby Laboratories (DLB) investor relations material

Executive summary

• The annual meeting will be held virtually on February 3, 2026, with voting available online, by phone, or by mail.

• Key proposals include electing eight directors, an advisory vote on executive compensation, and ratification of KPMG LLP as auditor.

• Fiscal 2025 financial highlights: revenue of $1.35B (up 6.3%), net income of $255M, and $251.6M returned to shareholders via repurchases and dividends.

• A 9% dividend increase was announced in November 2025.

Voting matters and shareholder proposals

• Shareholders will vote on electing eight directors, approving executive compensation (say-on-pay), and ratifying KPMG LLP as the independent auditor.

• The board recommends voting FOR all proposals.

• No other business is expected, but proxies may vote on additional matters if raised.

Board of directors and corporate governance

• The board consists of eight members, all standing for re-election, with diverse backgrounds in technology, finance, and media.

• Board committees include Audit, Compensation, Nominating and Governance, Stock Plan, and Technology Strategy.

• All directors attended at least 75% of meetings in fiscal 2025.

• The board separates the roles of Chair and CEO for governance balance.

• Stockholders holding at least 250,000 shares for 12 months may recommend board candidates.