Business Context and Reporting Period
Company: Universal Display Corporation
Filing Type: Form 8-K (Current Report)
Report Date: April 4, 2005
Event Date: March 30, 2005
Context: The registrant entered into a Sixth Amendment to its Development and License Agreement with PPG Industries, Inc. This agreement involves the development and commercialization of materials for organic light emitting devices (OLEDs).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual amendment and does not contain financial statements or performance metrics.
Material Changes
The Sixth Amendment modifies the existing Development and License Agreement with PPG Industries in the following ways:
- Expiration Date: The amendment changes the date of expiration of the Agreement.
- Stock Issuance Timing: The amendment modifies the timing regarding the Registrant's issuance of common stock to PPG Industries and the subsequent registration for resale by PPG Industries. These shares serve as partial consideration for work performed by PPG Industries.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies are detailed beyond the operational context of the amended agreement. There are no unusual items reported in this filing.
Investor Verification Checklist
- Verify the specific new expiration date of the Development and License Agreement with PPG Industries.
- Confirm the revised schedule for the issuance and resale registration of Universal Display Corporation common stock to PPG Industries.
- Review the total number of shares to be issued as partial consideration for PPG Industries' work.