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): February 7, 2012

DOLBY LABORATORIES, INC.

(Exact name of registrant as specified in its charter)

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):

Cash Incentive Award

On February 7, 2012, the Compensation Committee (the “Committee”) of the Board of Directors of Dolby Laboratories, Inc. (the “Company”) approved a cash incentive arrangement (the “Cash Incentive Award”) for Murray Demo, the Company’s Executive Vice President and Chief Financial Officer. The Cash Incentive Award is in lieu of Mr. Demo’s participation in the 2012 Dolby Executive Annual Incentive Plan and will be payable at the time that the Company makes payments to its other executive officers under the 2012 Dolby Executive Incentive Plan.

The target incentive payment due to Mr. Demo under the Cash Incentive Award for his service during Fiscal 2012 (the “Target 2012 Incentive”) will be determined by multiplying Mr. Demo’s base annual salary by 65%, which is equal to the annual target bonus percentage for Mr. Demo previously established by the Committee.

The actual incentive payment due to Mr. Demo for his service during Fiscal 2012 (the “2012 Incentive”) will be determined by (i) multiplying the Target 2012 Incentive by the Company’s percentage achievement of the Fiscal 2012 non-GAAP operating income and revenue goals set by the Committee under the 2012 Dolby Executive Annual Incentive Plan (the “2012 Fiscal Year Goals”), and (ii) pro-rating such number based on the number of days that Mr. Demo was employed by the Company during Fiscal 2012. The 2012 Incentive may be less than, or exceed, the Target 2012 Incentive, depending on the extent to which the Company achieves the 2012 Fiscal Year Goals and the period of Mr. Demo’s service during Fiscal 2012.

No payment will be due under the Cash Incentive Award, unless (i) Mr. Demo remains a full-time service provider of the Company through June 1, 2012, or (ii) a new Chief Financial Officer has begun service to the Company prior to June 1, 2012 and the Company elects to waive Mr. Demo’s continuous service obligation.

The Company held its 2012 Annual Meeting of Stockholders (“Annual Meeting”) on February 7, 2012 at the Company’s executive offices located at 100 Potrero Avenue, San Francisco, CA 94103-4813. At the Annual Meeting, the Company’s stockholders:

Each share of the Company’s Class A common stock is entitled to one vote, and each share of the Company’s Class B common stock is entitled to ten votes, on all matters submitted to a vote of stockholders at the Annual Meeting. The Class A common stock and Class B common stock vote together as a single class on all matters submitted to a vote of stockholders at the Annual Meeting. At the Annual Meeting, the holders of Class A common stock and Class B common stock voted as follows:

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Proposal 1: Election of directors:

All director nominees were duly elected.

Proposal 2: Approval of a stock option exchange program that will permit eligible employees to exchange certain outstanding stock options for restricted stock units:

Proposal 2 was approved.

Proposal 3: Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 28, 2012:

Proposal 3 was approved.

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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.

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