UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 4, 2024, the Board of Directors (the "Board") of Universal Display Corporation (the “Company”) increased the number of directors constituting the Board to ten and elected Dr. Nigel Brown and Dr. Joan Lau to the Board, effective March 4, 2024, and determined that Dr. Brown and Dr. Lau each qualify as an “independent director” for purposes of the Nasdaq listing standards.
The compensation for Dr. Brown’s and Dr. Lau’s services as directors will be consistent with that of the Company’s other non-employee directors, as described in the Company’s annual proxy statement filed with the U.S. Securities and Exchange Commission on April 20, 2023. There are no arrangements or understandings between either Dr. Brown or Dr. Lau and any other persons pursuant to which Dr. Brown or Dr. Lau was selected as a director, and there are no transactions in which either Dr. Brown or Dr. Lau has an interest requiring disclosure under Item 404(a) of Regulation S-K. Neither Dr. Brown nor Dr. Lau has been named to any committee of the Board at this time.
On March 7, 2024, the Company issued a press release announcing Dr. Brown’s and Dr. Lau’s appointments. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Description |
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: March 7, 2024 |
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By: |
/s/ Brian Millard |
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Brian Millard |
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Vice President, Chief Financial Officer and Treasurer |