Business Context and Reporting Period
Company: Universal Display Corp
Filing Type: Form 8-K (Current Report)
Report Date: July 5, 2011
Event Date: June 30, 2011
Context: The filing reports the entry into a material definitive agreement regarding an existing patent license.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a legal notice of a contract amendment.
Material Changes
Agreement Amendment: On June 30, 2011, Universal Display Corp and Samsung Mobile Display Co., Ltd. (SMD) executed Amendment No. 6 to their OLED Patent License Agreement (originally dated April 19, 2005).
Term Extension: The amendment extends the agreement term by three months, through September 30, 2011.
Other Terms: All other terms of the agreement remain unchanged from previous amendments.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific contractual extension noted above.
Investor Verification Checklist
- Verify the status of negotiations for a permanent extension of the OLED Patent License Agreement with Samsung Mobile Display Co., Ltd. beyond September 30, 2011.
- Review the terms of the original 2005 agreement and prior amendments to understand the royalty structure and scope of the license.
- Assess the potential impact on future revenue if the agreement is not renewed after the September 30, 2011 expiration date.