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DTS reports inducement grants.


DTS, Inc. (NASDAQ: DTSI) said that the company's compensation committee of its board of directors approved equity award grants as material inducements to two individuals entering into employment with the company.

The two individuals were granted stock options to purchase an aggregate of 22,720 shares of the company's common stock and restricted stock units representing a total of 4,520 shares of common stock. The stock options have an exercise price of USD33.49 per share, which is equal to the closing price of the company's common stock on November 12, 2014.

The stock options will vest in four equal annual installments beginning on the first anniversary of the date of grant and will expire in ten years from the date of grant. The restricted stock units will vest in four equal annual installments beginning on November 15, 2015. In each case, the vesting of shares is contingent upon the individual's continued employment with DTS through each vesting date.

DTS is a premier audio solutions provider for high-definition entertainment experiences--anytime, anywhere, on any device. Founded in 1993, DTS' corporate headquarters are located in Calabasas, California. It also has offices in Encino, Los Gatos, San Diego and Santa Ana, California, Washington, China, France, Hong Kong, Ireland, Japan, Singapore, South Korea, Taiwan and the United Kingdom.

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Publication:Internet Business News
Geographic Code:1U9CA
Date:Nov 18, 2014
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