Agoura Hills, CA (June 8, 2005)–DTS, Inc. announced that the company has legally changed its name from Digital Theater Systems, Inc. to DTS, Inc. Approved in a vote by stockholders on May 19, 2005, the Restated Certificate of Incorporation effecting the name change was filed on May 24, 2005.
The decision to change the company’s name reflects the growing strength of the company’s DTS brand and an expansion beyond the theater business into new markets and technologies.
“The cinema market represents an important segment of DTS’ business, but the scope and breadth of our business today is much broader than when the company was founded,” said Jon Kirchner, DTS president and CEO. “Over the years, DTS has expanded into the consumer electronics, music, pro audio and broadcast markets and consumers and the trade have come to know us by our initials. Going forward, this change will clarify and simplify our corporate messaging and support the continued growth and awareness of the DTS brand.”
DTS also announced the appointment of Bill Neighbors as vice president and general manager of Lowry Digital Images (LDI), a wholly owned subsidiary of DTS and innovator in imaging enhancement and restoration. Neighbors work closely with LDI founder John Lowry and executive Mike Inchalik to lead and grow DTS’ business in the digital images space.
The appointment marks a return to DTS for Neighbors: In the early 1990s he was instrumental in launching DTS, and served as executive VP, general manager from 1993 to 1996, and president from 1996 to 1999. A proven leader and strategist with a successful track record managing organizations in the entertainment electronics, software and technology sectors, he was most recently President of V-Log, Inc., a highly specialized digital imaging document storage and retrieval company serving the business aviation industry.