Business Context and Reporting Period
Company: Universal Display Corp
Filing Type: Form 8-K (Current Report)
Report Date: November 1, 2010
Event Date: October 28, 2010
Context: The filing reports the entry into a material definitive agreement regarding an existing patent license.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a legal disclosure of a contract amendment.
Material Changes
- Agreement Amendment: On October 28, 2010, Universal Display Corp and Samsung Mobile Display Co., Ltd. (SMD) executed Amendment No. 3 to their OLED Patent License Agreement (originally dated April 19, 2005).
- Term Extension: The amendment extends the agreement term by three months, through December 31, 2010.
- Other Terms: All other terms of the agreement remain unchanged from previous amendments.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific contractual extension noted above.
Investor Verification Checklist
- Verify the status of the OLED Patent License Agreement with SMD post-December 31, 2010, to determine if a new extension or termination occurred.
- Review subsequent filings to assess the impact of this short-term extension on future royalty revenue streams.
- Confirm if the extension was a standard administrative renewal or indicative of ongoing negotiations for a longer-term agreement.