Calabasas, Calif. - February 16, 2010 - DTS, Inc. (Nasdaq: DTSI) today
announced changes to its Board of Directors.
Dan Slusser and Joe Fischer will retire from the Board of Directors and not
seek reelection following the expiration of their current terms in June
2010. Mr. Slusser has served on the DTS board since 1997and will step down
from his role as Chairman, effective immediately, but will remain on the
board through the end of his term. Mr. Fischer has served on the board since
2003 and will remain Chairman of the Audit committee through the end of his
term.
"We are deeply grateful to Dan and Joe for their extended service, wisdom,
insight and commitment to helping us build DTS into a strong and well-
positioned consumer IP licensing business," commented Jon Kirchner,
President and CEO of DTS, Inc. "We look forward to building on their legacy
and we wish them well in their retirement."
The Company further announced that Jon Kirchner, current president and CEO,
has been appointed Chairman, effective immediately, and that Joerg Agin, a
long time Director, has been appointed Lead Independent Director.
In addition, the Company announced that Brad Duea will join the Board
effective March 1, 2010. Brad is a highly seasoned executive, having served
most recently as President of Napster. He has also served as VP Worldwide
Business Development for Roxio, Inc and VP of Business Development for
PeopleSupport, a global business process outsourcing company. Brad brings
substantial industry experience, both domestically and internationally, in
the mobile, software and online media markets to the Board of Directors of
DTS.
"I'd like to welcome Brad to our Board. He brings a wealth of industry
knowledge and perspective, and will be a particularly helpful resource as we
continue to execute on our strategic efforts to expand our business into new
and emerging markets," concluded Kirchner.
About DTS
DTS, Inc. (NASDAQ:DTSI) is a digital technology company dedicated to
delivering the ultimate entertainment experience. DTS decoders are in
virtually every major brand of multi-channel surround processors, and there
are hundreds of millions of DTS-licensed consumer electronics products
available worldwide. A pioneer in multi-channel audio, DTS technology is in
home theatre, car audio, PC and game console products, as well as DVD-Video,
Blu-ray Disc and surround music software. Founded in 1993, DTS' corporate
headquarters are located in Calabasas, California with its licensing
operations headquartered in Limerick, Ireland. DTS also has offices in
Northern California, Washington, Canada, China, France, Hong Kong, Japan,
South Korea, Taiwan and the United Kingdom. For further information, please
visit www.dts.com. DTS is a registered trademark of DTS, Inc. (c) 2009 DTS
Inc. All rights reserved.
Investor Contacts:
Erica Abrams or Matthew Hunt
The Blueshirt Group for DTS
415-217-7722
erica@blueshirtgroup.com
matt@blueshirtgroup.com
Press Contact:
David Blasucci
Director of Marketing Communications
DTS, Inc.
818-436-1080
david.blasucci@dts.com
DTS, Inc.
5220 Las Virgenes Road
Calabasas, California, 91302