DTS, Inc. (Nasdaq: DTSI), a leader in high-definition audio, today announced that Jon Kirchner, the company’s chairman and CEO, is a finalist in the Ernst & Young 2012 Entrepreneur of the Year Awards. Now in its 26th year, the award honors entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Joining the company in 1993, Kirchner held numerous leadership roles before becoming CEO in 2001 and later moving seamlessly into the position of DTS’ chairman and CEO in 2010. Recognized for growing DTS from a start-up to one of the most profitable and highly valued companies in its industry, Kirchner has guided the company through its rapid international expansion while successfully raising public and private capital. Kirchner brings an unwavering focus to building a premium brand while fostering a loyal, team-oriented and passionate employee culture. Kirchner also serves as chairman of the YPO Santa Monica Bay charitable foundation, which provides funding to disadvantaged Los Angeles youth high school students who show promise despite trying odds. He routinely speaks to MBA and undergraduate students about entrepreneurship and executive leadership, and serves on the board of trustees at Claremont McKenna College. Additionally, he formerly served as chairman of the Berger Institute for Work, Family and Children advisory board. “As a member of the DTS team for more than 18 years, it is truly gratifying to be recognized among the Ernst & Young Entrepreneur of the Year Awards finalists,” said Kirchner. “Together with the talented team at DTS, we will continue to drive the future of audio entertainment delivery, advancing the art of high-quality sound and meeting the consumer demand for uncompromised audio across connected devices.” For more information on DTS, visit the DTS website, like on Facebook, or follow on Twitter (@DTS_Inc.).Media interested in speaking with a DTS representative should contact DTS@formulapr.com. About Ernst & Young Entrepreneur of the Year® Ernst & Young Entrepreneur of the Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur of the Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.
Investors considering a purchase of DTS Inc shares, but tentative about paying the going market price of $30.03/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $25 strike, which has a bid at the time of this writing of $1.05.