Business Context and Reporting Period
Company: Universal Display Corporation
Filing Type: Form 8-K (Current Report)
Report Date: November 1, 2004
Event Date: October 26, 2004
Context: The Company entered into a material definitive agreement to purchase the real estate property and building housing its Ewing, New Jersey facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. The only financial figure disclosed is the transaction value for the property acquisition.
- Property Purchase Price: $5,500,000
Material Changes
The filing reports a specific corporate action rather than a change in financial performance versus a prior period.
- Asset Acquisition: Execution of an Agreement of Sale to purchase the Ewing, NJ facility.
- Closing Timeline: The Company plans to close the transaction in December 2004.
- Conditions: The purchase is subject to a 15-day right of first refusal held by four adjoining property owners.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of general business risks. The primary contingency noted is the potential exercise of the right of first refusal by adjoining property owners, which could impact the closing of the transaction.
Investor Verification Checklist
- Confirm the status of the 15-day right of first refusal held by adjoining property owners.
- Verify the expected closing date in December 2004.
- Review the Company's cash position or financing arrangements to ensure the $5,500,000 purchase price can be funded.
- Check subsequent filings for the final closing of the property acquisition.