DTS Reports Inducement Grants Under NASDAQ Listing Rule 565(c)(4)

DTS Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) CALABASAS, Calif., Nov. 17, 2014 /PRNewswire/ -- DTS, Inc. (Nasdaq:DTSI) today announced that on November 12, 2014, the Companys Compensation Committee of its Board of Directors approved equity award grants under the DTS, Inc. 2014 New Employee Incentive Plan as material inducements to two individuals entering into employment with the Company, pursuant to NASDAQ Listing Rule 5635(c)(4).

The two individuals were granted stock options to purchase an aggregate of 22,720 shares of the Companys common stock and restricted stock units representing a total of 4,520 shares of common stock. The stock options have an exercise price of $33.49 per share, which is equal to the closing price of the Companys 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 individuals continued employment with DTS through each vesting date.

About DTS, Inc.

DTS, Inc. (Nasdaq:DTSI) is a premier audio solutions provider for high-definition entertainment experiences anytime, anywhere, on any device. DTS exists to make the world sound better. DTS audio solutions are designed to enable recording, delivery and playback of simple, personalized, and immersive high-definition audio, and are incorporated by hundreds of licensee customers around the world into an array of consumer electronics devices. From a renowned legacy as a pioneer in high definition multi-channel audio, DTS became a mandatory audio format in the Blu-ray Disc standard and is now increasingly deployed in enabling compelling digital delivery of movies, music, games and other forms of digital entertainment to a growing array of network-connected consumer electronics devices. DTS technology is in televisions, personal computers, mobile phones, tablets, digital media players, set-top-boxes, video game consoles, Blu-ray Disc players, audio/video receivers, wireless speakers, soundbars, DVD based products, automotive audio systems, and home theater systems. Founded in 1993, DTS corporate headquarters are located in Calabasas, California. DTS 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. Copyright 2014, DTS, Inc., DTS, the Symbol, and DTS and the Symbol together are registered trademarks of DTS, Inc. All other trademarks are the properties of their respective owners. All rights reserved.

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SOURCE DTS, Inc.

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