Business Context and Reporting Period
Company: Universal Display Corporation
Filing Type: Form 8-K (Current Report)
Report Date: December 20, 2010
Event Date: December 17, 2010
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 figures, profit data, cash flow, margins, debt levels, or liquidity metrics. The document is a current report focused solely on a contractual amendment.
Material Changes
Agreement Amendment: On December 17, 2010, Universal Display Corporation and Samsung Mobile Display Co., Ltd. (SMD) executed Amendment No. 4 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 March 31, 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. No unusual items were reported.
Investor Verification Checklist
- Verify the status of the OLED Patent License Agreement with Samsung Mobile Display Co., Ltd. post-March 31, 2011.
- Confirm whether a subsequent renewal or new agreement was executed after the expiration of the extension period.
- Review the original April 19, 2005 Agreement and prior amendments to understand the full scope of royalty obligations and licensing terms.