Business Context and Reporting Period
Company: Universal Display Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: July 7, 2011
Event Date: July 6, 2011
Context: The filing reports the renewal of a material definitive agreement with a key customer.
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 regarding a specific corporate event rather than a periodic financial report.
Material Changes
Agreement Renewal: On July 6, 2011, Universal Display Corporation renewed its Commercial Supply Agreement with LG Display Co., Ltd. (formerly LG.Phillips LCD Co., Ltd.).
Effective Dates: The renewal is effective retroactively from June 30, 2011, the date the previous agreement expired.
Term: The renewed agreement extends through December 31, 2011.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the disclosure of the agreement renewal itself. No unusual items were reported.
Investor Verification Checklist
- Verify the specific terms and volume commitments within the renewed Commercial Supply Agreement with LG Display Co., Ltd.
- Confirm the impact of this renewal on the company's revenue recognition for the remainder of 2011.
- Review subsequent filings to determine if the agreement was extended beyond the December 31, 2011 expiration date.