Additional Proxy Soliciting Materials (definitive) (defa14a)
September 30 2016 - 4:32PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the
Registrant ☒ Filed by a Party other than the
Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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DTS, Inc.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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The following is an email sent by Jon Kirchner to the employees of DTS, Inc. on September 30, 2016:
To: All DTS employees
From: Jon
Its been just over one week since the Tessera announcement. Although this transaction will result in exciting transformations and opportunities on both
sides, I recognize that there are still a number of unknowns and questions. You have my commitment that we will communicate as often as possible and we will provide clarity as soon as possible. I want to reiterate that creating a bright future
together is built on the foundation of continuing to meet our current goals and objectives. There may be a tendency to pause on various work or projects in light of the pending transaction. However, it is incumbent upon all of us to continue to do
our jobs and yes, youve heard me say this before, but it truly is business as usual. At this stage, unless there has been specific communication, nothing should be paused or slowed. We have a lot of exciting and critical work to be
done and our focus should be on those areas.
As I mentioned last week, the completed Tessera transaction will represent a transformational step for both
companies. Our complementary technology portfolios are suited to deliver the next generation of audio and imaging solutions to the mobile, consumer electronics, and automotive markets while expanding our ability to address incredible new
opportunities in IoT and AR/VR. As such, there will be a new corporate name and stock symbol to be adopted with the closing of this deal. We are asking that employees from both companies join together in the effort to help by submitting ideas for
the new corporate name. While a branding firm will be engaged to assist in the process,
we want your input!
We are looking for the best brand name to support the companys strategic direction, be distinctive, memorable and is a name we
can own (web domain, etc.). This name will act as the master brand over the key subsidiary businesses Tessera Technologies, FotoNation, Invensas and, subject to the closing of the acquisition (which we expect late in the fourth quarter of
2016 or early first quarter of 2017 and which is subject to regulatory approval as well as the approval of DTSs stockholders and other customary closing conditions), DTS. Lastly as we consider a new future brand for the combined companies, I
do want to emphasize that we expect to keep the DTS brand in relation to our existing audio technologies, as there is tremendous value associated with our 20+ years in the industry, our technologies and products.
So, please be creative and participate in the process of defining our new corporate name. Send your ideas to Kris Graves at
kris.graves@dts.com
.
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