Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Dated: March 7, 2014

 

DAGMAR DOLBY     RAY DOLBY TRUST UNDER THE DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999
By:   *     By:   *
  Dagmar Dolby       Name: Dagmar Dolby
        Title:   Trustee
THOMAS E. DOLBY     MARITAL TRUST UNDER THE DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999
By:   *     By:   *
  Thomas E. Dolby       Name: Dagmar Dolby
        Title:   Trustee
DAVID E. DOLBY     DAGMAR DOLBY TRUST UNDER THE DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999
By:   *     By:   *
  David E. Dolby       Name: Dagmar Dolby
        Title:   Trustee
RAY DOLBY 2011 TRUST A DATED DECEMBER 14, 2011     RAY DOLBY 2002 TRUST A DATED APRIL 19, 2002
By:   *     By:   *
  Name: Dagmar Dolby       Name: Dagmar Dolby
  Title:   Trustee       Title:   Trustee
RAY DOLBY 2011 TRUST B DATED DECEMBER 14, 2011     RAY DOLBY 2002 TRUST B DATED APRIL 19, 2002
By:   *     By:   *
  Name: Dagmar Dolby       Name: Dagmar Dolby
  Title:   Trustee       Title:   Trustee
DAGMAR DOLBY 2014 TRUST AA DATED MARCH 5, 2014     DOLBY HOLDINGS II LLC
By:   *     By:   *
  Name: Dagmar Dolby       Name: Dagmar Dolby
  Title:   Trustee       Title:   Manager
DAGMAR DOLBY 2014 TRUST BB DATED MARCH 5, 2014    
By:   *     *By:   /s/ Patrick McCabe
  Name: Dagmar Dolby      

Patrick McCabe, on behalf of Shartsis Friese LLP,

as Attorney-in-Fact

  Title:   Trustee