8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
April 21, 2009

DOLBY LABORATORIES, INC.
(Exact name of registrant as specified in its charter)

Delaware	001-32431	90-0199783
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

100 Potrero Avenue

San Francisco, CA 94103

(Address of principal executive offices, including zip code)

(415) 558-0200
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Chief Financial Officer

On April 23, 2009, Dolby Laboratories, Inc. (the “Company”) announced that Murray J. Demo, age 47, agreed to join the Company as Executive Vice President and Chief Financial Officer commencing on May 4, 2009.

Mr. Demo most recently served as Executive Vice President and Chief Financial Officer at LiveOps, Inc., an on-demand contact center software and call center outsourcing company, from 2007 to 2008. Prior to that, in 2007 he was Executive Vice President and Chief Financial Officer at Postini, Inc., an on-demand security compliance software company until it was acquired by Google Inc.  Before Postini, Mr. Demo spent ten years with Adobe Systems Inc., most recently as Executive Vice President and Chief Financial Officer, from 2005 to 2006, as Senior Vice President and Chief Financial Officer from 2000 to 2005 and in other senior finance roles from 1996 to 2000.   Mr. Demo sits on the board of directors of Citrix Systems, Inc. and Webroot. Mr. Demo holds a BA in Business Economics from the University of California, Santa Barbara and a MBA from Golden Gate University.

In connection with his appointment, the Company and Mr. Demo entered into an employment agreement which provides for, among other things, an annual base salary of $400,000, a sign-on bonus of $75,000 and an annual target bonus under the 2009 Dolby Executive Annual Incentive Plan of 65% of his base salary, the grant of an option to purchase 120,000 shares of the Company’s Class A common stock under the Company’s 2005 Stock Plan, which will vest at a rate of 25% on the first anniversary of the grant and the remaining 75% in equal monthly installments over the following 36 months, and the grant of 30,000 restricted stock units under the Company’s 2005 Stock Plan, which will vest at a rate of 25% on each of the first four anniversaries of the grant.  

A copy of Mr. Demo’s employment agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 26, 2009.

Resignation of Interim Chief Financial Officer

In connection with Mr. Demo’s appointment as Chief Financial Officer, Michael Novelly, our Interim Chief Financial Officer, resigned from such position, effective May 4, 2009.  Mr. Novelly remains our Vice President, Financial Planning and Analysis.

Item 9.01 Financial Statements and Exhibits.

(d)       Exhibits

Exhibit No.	Description
99.1	Press Release dated April 23, 2009 entitled “Dolby Laboratories Names Murray J. Demo CFO”

SIGNATURES

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:	April 23, 2009	/s/ Mark S. Anderson
		Mark S. Anderson
		Executive Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated April 23, 2009 entitled “Dolby Laboratories Names Murray J. Demo CFO”

EX-99.1

Exhibit 99.1

Dolby Laboratories Names Murray J. Demo CFO

SAN FRANCISCO--(BUSINESS WIRE)--April 23, 2009--Dolby Laboratories, Inc. (NYSE:DLB), announced today that Murray J. Demo, 47, has agreed to join the company as Executive Vice President and Chief Financial Officer commencing on May 4, 2009. Demo will replace Dolby’s interim CFO and report to Kevin Yeaman, President and Chief Executive Officer.

“Murray brings an impressive track record as a leader and financial executive. I’m pleased to welcome him to the team,” said Yeaman. “His experience will be invaluable as we continue to pursue opportunities in new and existing markets and scale our company for future growth.”

Demo comes to Dolby with more than 20 years of financial and strategic business management experience. He most recently served as Executive Vice President and CFO at LiveOps, Inc., an on-demand contact center software and call center outsourcing company. Prior to that, he was Executive Vice President and CFO at Postini, Inc., an on-demand security compliance software company now part of Google Inc. Before Postini, Demo spent ten years with Adobe Systems Inc., where his last role was Executive Vice President and CFO. During his career at Adobe Systems, the company’s annual revenues grew from approximately $0.8 billion to over $2.5 billion.

Demo sits on the Board of Directors of Citrix Systems, Inc. and Webroot. He holds a BA degree in business economics from the University of California, Santa Barbara and an MBA degree from Golden Gate University.

About Dolby Laboratories

Dolby Laboratories (NYSE:DLB) is the global leader in technologies that are essential elements in the best entertainment experiences. Founded in 1965 and best known for high-quality audio and surround sound, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. Visit www.dolby.com for more information.

Certain statements in this press release, including statements relating to the company pursuing opportunities in new and existing markets and expected benefits to be derived therefrom, as well as the company’s growth prospects and ability to scale, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: risks associated with trends and competitive pressures in the markets in which Dolby operates; risks associated with the management changes; and other risks detailed in Dolby’s Securities and Exchange Commission filings and reports, including the risks identified under the section captioned “Risk Factors” in its most recent Periodic Report on Form 10-Q. Dolby disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.

Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. S09/21247 DLB-F

CONTACT:
Dolby Laboratories
Alex Hughes, 415-645-5245 (Investors)
ahughes@dolby.com
Jeanne Alford, 415-645-5245 (Media)
jeanne.alford@dolby.com