CALABASAS, Calif., Sept. 16, 2016 /PRNewswire/ -- DTS, Inc.
(Nasdaq:DTSI) today announced that on September 15, 2016, the Compensation Committee of
the Company's Board of Directors approved equity award grants under
the DTS, Inc. 2014 New Employee Incentive Plan to twelve new
employees. The awards were all granted as inducements material to
the new employees entering into employment with DTS in accordance
with Nasdaq Listing Rule 5635(c)(4).
The twelve employees were granted restricted stock units
representing a total of 33,400 shares of common stock. The
restricted stock units will vest in four equal annual installments
beginning on August 15, 2017. In each
case, the vesting of shares is contingent upon the individual's
continued employment with DTS through each vesting date.
About DTS, Inc.
Since 1993, DTS, Inc. (DTSI) has been dedicated to making the
world sound better. Through its pioneering audio solutions for
mobile devices, home theater systems, cinemas, automotive and
beyond, DTS provides incredibly high-quality, immersive and
engaging audio experiences to listeners everywhere. DTS technology
is integrated in more than two billion devices globally, and the
world's leading video and music streaming services are increasingly
choosing DTS to deliver premium sound to their listeners' devices.
For more information, please visit www.dts.com.
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SOURCE DTS, Inc.