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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
DTS, Inc.
(formerly Digital Theater Systems, Inc.)
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
23335C-10-1
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2005
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Explanatory Note:
The initial Schedule 13G was filed on February 13, 2004, by Universal
City Studios LLLP, Vivendi Universal Entertainment LLLP, and Vivendi
Universal S.A. NBC Universal, Inc. became the successor beneficial
owner of the shares reported herein as a result of certain
transactions with Vivendi Universal S. A. occurring in May 2004. This
Amendment No. 1 is being filed by NBC Universal, Inc., National
Broadcasting Company Holding, Inc., and General Electric Company.
- -------------------------------------------- ------------------------------------------
CUSIP No. 23335C-10-1 13G Page 2
- -------------------------------------------- ------------------------------------------
- -------------- ---------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
NBC Universal, Inc.
14-1682529
- -------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
485,650
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
0
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
485,650
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
485,650
- -------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
- -------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- -------------- ---------------------------------------------------------------------------------------------------------------------
2
- -------------------------------------------- ------------------------------------------
CUSIP No. 23335C-10-1 13G Page 3
- -------------------------------------------- ------------------------------------------
- -------------- ---------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
National Broadcasting Company Holding, Inc.
13-3448662
- -------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
- -------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by National Broadcasting Company Holding, Inc.
- -------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
- -------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- -------------- ---------------------------------------------------------------------------------------------------------------------
3
- -------------------------------------------- ------------------------------------------
CUSIP No. 23335C-10-1 13G Page 4
- -------------------------------------------- ------------------------------------------
- -------------- ---------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
General Electric Company
14-0689340
- -------------- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -------------- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- ---------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
- ---------------------------- ----------- -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
- -------------- ---------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by General Electric Company.
- -------------- ---------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------- ---------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
- -------------- ---------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO; HC
- -------------- ---------------------------------------------------------------------------------------------------------------------
4
ITEM 1(a). NAME OF ISSUER:
DTS, Inc. (the "Issuer"), formerly Digital Theater Systems, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5171 Clareton Drive, Agoura Hills, California 91301
ITEM 2(A). NAME OF PERSON FILING:
This statement is being filed by each of:
NBC Universal, Inc. ("NBCU")
National Broadcasting Company Holding, Inc. ("NBCH")
General Electric Company ("GE")
NBCU is an approximately 80%-owned subsidiary of NBCH, and NBCH is a
wholly-owned subsidiary of GE.
NBCU, NBCH and GE are referred to herein collectively as the
"Reporting Persons".
An agreement among the Reporting Persons that this statement be filed
on behalf of each of them is attached hereto as Exhibit 1.
Following the creation of NBCU in May 2004, Vivendi Universal S.A.
ceased to be a reporting person.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business offices of NBCU and NBCH are located at 30
Rockefeller Plaza, New York, New York 10112. The principal business office of GE
is located at 3135 Easton Turnpike, Fairfield, Connecticut 06431.
ITEM 2(c). CITIZENSHIP:
Each of NBCU and NBCH is a Delaware corporation. GE is a New York
corporation.
ITEM 2(d). TITLE AND CLASS OF SECURITIES:
Common stock, $.0001 par value per share, of the Issuer (the "Common
Stock")
ITEM 2(E). CUSIP NUMBER:
23335C-10-1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act OF 1940
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
5
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act OF 1940
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
ITEM 4. OWNERSHIP.
(a) The responses of the Reporting Persons to Row (9) of the cover
pages of this statement on Schedule 13G are incorporated herein by reference.
(b) The responses of the Reporting Persons to Row (11) of the cover
pages of this statement on Schedule 13G are incorporated herein by reference. As
of December 31, 2005, NBCU beneficially owned in the aggregate 485,650 shares of
Common Stock, representing approximately 2.8% of the Common Stock (based on the
number of shares outstanding as of October 31, 2005 (17,440,217 shares), as
reported in the Issuer's Form 10-Q for the quarterly period ended September 30,
2005), determined in accordance with Rule 13d-3(d)(1).
(c) The responses of the Reporting Persons to Rows (5) through (8) of
the cover pages of this statement on Schedule 13G are incorporated herein by
reference.
NBCH and GE disclaim beneficial ownership of the shares of Common
Stock beneficially owned by NBCU.
Neither the filing of this Schedule 13G or any amendment thereto, not
anything contained herein is intended as, or should be construed as, an
admission that NBCH or GE is the beneficial owner of any shares of Common Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The information set forth in Item 2(b) and Item 4 hereof is
incorporated herein by reference.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
PERSON.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
(a) Not applicable.
(b) Not applicable.
6
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006
NBC UNIVERSAL, INC.
By: Richard Cotton
-------------------------------------------
Name: Richard Cotton
Title: Executive Vice President
NATIONAL BROADCASTING COMPANY HOLDING, INC.
By: Elizabeth Newell
-------------------------------------------
Name: Elizabeth Newell
Title: Vice President
GENERAL ELECTRIC COMPANY
By: Richard Cotton
-------------------------------------------
Name: Richard Cotton
Title: Vice President
7
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
1 Joint Filing Agreement, dated February 14, 2006,
among NBCU, NBCH and GE
8
Exhibit 1
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the undersigned that the
Schedule 13G filed on or about this date and any amendments thereto with respect
to beneficial ownership by the undersigned of shares of the common stock, par
value $0.0001 per share, of DTS, Inc. is being filed on behalf of each of the
undersigned in accordance with Rule 13d 1(k)(1) under the Securities Exchange
Act of 1934. This agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated: February 14, 2006
NBC UNIVERSAL, INC.
By: Richard Cotton
-------------------------------------------
Name: Richard Cotton
Title: Executive Vice President
NATIONAL BROADCASTING COMPANY HOLDING, INC.
By: Elizabeth Newell
-------------------------------------------
Name: Elizabeth Newell
Title: Vice President
GENERAL ELECTRIC COMPANY
By: Richard Cotton
-------------------------------------------
Name: Richard Cotton
Title: Vice President