LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on January 23, 2018, by LG Display Co., Ltd. (NYSE: LPL), a foreign private issuer. The filing reports on a resolution by the Board of Directors dated January 22, 2018, regarding cash dividends for the period ending December 31, 2017.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the proposed dividend distribution:
- Total Cash Dividend Amount: KRW 178,907,850,000
- Cash Dividend per Common Share: KRW 500
- Dividend Ratio to Market Value: 1.7% (based on the one-week average closing share price prior to two transaction days before the record date)
- Record Date: December 31, 2017
Material Changes
The filing does not disclose material changes in revenue, operations, or financial position compared to prior periods. The primary event is the Board's approval of the dividend payout.
Guidance, Outlook, and Contingencies
The dividend payment is subject to the following contingencies:
- Approval by shareholders at the Annual General Meeting of Shareholders scheduled for March 2018.
- Final audit results from the independent auditor.
If approved, the dividend is expected to be paid within one month following the Annual General Meeting.
Investor Verification Checklist
- Confirm shareholder approval of the KRW 500 per share dividend at the March 2018 Annual General Meeting.
- Verify the final audit results to ensure the dividend amount remains unchanged.
- Monitor the actual payment date, which is contingent on the meeting outcome.