Business Context and Reporting Period
Company: Universal Display Corp
Filing Type: Form 8-K (Current Report)
Date of Report: April 18, 2011
Event Date: April 14, 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 current report focused solely on a contractual amendment.
Material Changes
Agreement Amendment: On April 14, 2011, Universal Display Corp and Samsung Mobile Display Co., Ltd. (SMD) executed Amendment No. 5 to their OLED Patent License Agreement (originally dated April 19, 2005).
Term Extension: The amendment extends the term of the Agreement for an additional three months, through June 30, 2011.
Other Terms: All other terms of the Agreement remain unchanged from previous amendments.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, management commentary on future outlook, or specific risk factors beyond the context of the agreement extension. No unusual items or contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the status of negotiations for a permanent extension or renewal of the OLED Patent License Agreement with SMD beyond June 30, 2011.
- Review the original April 19, 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 June 30, 2011 expiration date.