UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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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 November 14, 2019, Dolby Laboratories, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter and fiscal year ended September 27, 2019. The full text of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference (the “Earnings Release”). As previously disclosed, the Company adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers ("ASC 606") in the first quarter of fiscal 2019. The results and the financial outlook in the Earnings Release are presented in accordance with ASC 606. The Company adopted ASC 606 using the full retrospective transition method; therefore all prior periods are also presented in accordance with ASC 606. Included at the end of the Earnings Release are financial results for fiscal 2017, fiscal 2018, and the four quarters of fiscal 2018, as adjusted in accordance with ASC 606.
Declaration of Dividend
On November 14, 2019, the Company announced a cash dividend of $0.22 per share of Class A and Class B Common Stock, payable on December 4, 2019 to stockholders of record as of the close of business on November 26, 2019.
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.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release of Dolby Laboratories, Inc. dated November 14, 2019 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dolby Laboratories, Inc. | ||
| Date: November 14, 2019 | By: | /s/ Lewis Chew |
| Lewis Chew | ||
| Executive Vice President and Chief Financial Officer (Principal Financial Officer) | ||