Universal Display Corp. 8-K Summary
Business Context and Reporting Period
Universal Display Corporation (Universal Display) filed this Form 8-K on August 12, 2009, reporting an event that occurred on August 11, 2009. The company is incorporated in Pennsylvania and maintains its principal executive offices in Ewing, NJ.
Key Financial Metrics
This filing is a Current Report regarding a material definitive agreement and does not contain financial statements, revenue figures, profit data, cash flow metrics, debt levels, or liquidity ratios. The filing text does not provide a clear value for any financial performance indicators.
Material Changes
The primary material change reported is the renewal of a Commercial Supply Agreement with LG Display Co., Ltd. (LGD), formerly LG.Phillips LCD Co., Ltd. The agreement was renewed effective June 30, 2009, the date the previous agreement expired, and the new term extends through December 31, 2009.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific discussion of risks and contingencies beyond the execution of the renewed supply agreement. No unusual items were disclosed in this report.
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 agreement renewal on the company's revenue recognition for the remainder of 2009.
- Review subsequent filings for any updates on the expiration date of December 31, 2009, to determine if further renewals are necessary.