Universal Display Corporation Holds Virtual 2024 Annual Meeting of Shareholders
20 Giugno 2024 - 10:15PM
Business Wire
Universal Display Corporation (Nasdaq: OLED) (UDC), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today held its Virtual 2024 Annual
Meeting of Shareholders.
“2023 was a significant year for our Company, as we continued to
bolster our leadership position at the forefront of
energy-efficient phosphorescent material solutions and
best-in-class enabling OLED technologies,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display
Corporation. “In 2023, we achieved numerous milestones, such as
signing new long-term customer agreements. We also purchased and
celebrated the grand opening of our new manufacturing site in
Shannon, Ireland, which is designed to produce our full suite of
phosphorescent emissive materials. And, we strengthened our global
IP framework with the acquisition of Merck KGaA’s phosphorescent
emitter portfolio of more than 550 patents in 172 patent
families.”
Abramson continued, “We see tremendous opportunities ahead for
OLEDs, including the OLED IT adoption cycle taking off; further
OLED penetration in the smartphone market; OLED TV growth; the
burgeoning OLED automotive market; as well as exciting
possibilities in AR/VR, wearables, gaming and signage. In the
coming years, we will continue to forge new paths, collaborate with
our partners, and remain committed to excellence as we seize on the
opportunities ahead and work to expand the already vast horizon of
possibility for OLEDs.”
During the annual meeting, shareholders voted on the three
proposals described in the Company’s proxy statement for the
meeting. The shareholders re-elected all ten nominees for the
Company’s Board of Directors; approved a non-binding, advisory
resolution on compensation of the Company’s named executive
officers; and ratified the appointment of KPMG LLP as the Company’s
independent registered public accounting firm for 2024.
The virtual annual meeting was broadcasted over the Internet. An
online archive of the meeting will be available on the events page
of the Company's Investor Relations website at ir.oled.com.
About Universal Display
Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the
research, development and commercialization of organic light
emitting diode (OLED) technologies and materials for use in display
and solid-state lighting applications. Founded in 1994 and with
subsidiaries and offices around the world, the Company currently
owns, exclusively licenses or has the sole right to sublicense more
than 6,000 patents issued and pending worldwide. Universal Display
licenses its proprietary technologies, including its breakthrough
high-efficiency UniversalPHOLED® phosphorescent OLED technology
that can enable the development of energy-efficient and
eco-friendly displays and solid-state lighting. The Company also
develops and offers high-quality, state-of-the-art UniversalPHOLED
materials that are recognized as key ingredients in the fabrication
of OLEDs with peak performance. In addition, Universal Display
delivers innovative and customized solutions to its clients and
partners through technology transfer, collaborative technology
development and on-site training. To learn more about Universal
Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display
Corporation logo are trademarks or registered trademarks of
Universal Display Corporation. All other company, brand or product
names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as
those relating to the projected adoption, development and
advancement of the Company’s technologies, and the Company’s
expected results and future declaration of dividends, as well as
the growth of the OLED market and the Company’s opportunities in
that market, are forward-looking financial statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
You are cautioned not to place undue reliance on any
forward-looking statements in this document, as they reflect
Universal Display Corporation’s current views with respect to
future events and are subject to risks and uncertainties that could
cause actual results to differ materially from those contemplated.
These risks and uncertainties are discussed in greater detail in
Universal Display Corporation’s periodic reports on Form 10-K and
Form 10-Q filed with the Securities and Exchange Commission,
including, in particular, the section entitled “Risk Factors” in
Universal Display Corporation’s Annual Report on Form 10-K for the
year ended December 31, 2023. Universal Display Corporation
disclaims any obligation to update any forward-looking statement
contained in this document.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620145871/en/
Universal Display Contact: Darice Liu investor@oled.com
media@oled.com +1 609-964-5123
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