UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 31, 2023 Universal Display Corporation and its Vice President, Chief Financial Officer and Treasurer, Brian Millard, agreed to amend Mr. Millard’s Amended and Restated Change in Control Agreement, dated September 6, 2022, to eliminate, effective immediately, the provisions of such agreement that provided for the payment to Mr. Millard of a Tax Reimbursement Payment (as defined in such agreement) in the event that amounts or benefits paid or distributed to Mr. Millard are or become subject to the excise tax imposed under Section 4999 of the Internal Revenue Code. Such amendment is filed as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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UNIVERSAL DISPLAY CORPORATION |
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Date: June 1, 2023 |
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By: |
/s/ Mauro Premutico |
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Mauro Premutico |
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Secretary |