Universal Display Corp Files DEF 14A with Executive Compensation Details

TL;DR

<b>Universal Display Corp has filed its DEF 14A, detailing executive compensation and equity adjustments for the 2023 fiscal year.</b>

AI Summary

UNIVERSAL DISPLAY CORP \PA\ (OLED) filed a Proxy Statement (DEF 14A) with the SEC on April 25, 2024. Universal Display Corp filed a DEF 14A form on April 25, 2024. The filing pertains to the fiscal year ending December 31, 2023. It includes details on adjustments to compensation and equity values for both PEO and Non-PEO members. Specific adjustments mentioned include fair value of equity awards granted, vested, and forfeited. The company's principal business address is in Ewing, NJ.

Why It Matters

For investors and stakeholders tracking UNIVERSAL DISPLAY CORP \PA\, this filing contains several important signals. This filing provides transparency into how executive compensation is calculated, particularly concerning equity awards and their valuation over time. Investors can analyze these details to understand the incentives and compensation structures for key personnel at Universal Display Corp.

Risk Assessment

Risk Level: — UNIVERSAL DISPLAY CORP \PA\ shows moderate risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Review the executive compensation details and equity award adjustments to understand potential impacts on shareholder value and management incentives.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-25 — Filing Date (Date as of change)
• 001-12031 — SEC File Number (SEC File Number)
• 232372688 — IRS Number (IRS Number)

Key Players & Entities

• UNIVERSAL DISPLAY CORP (company) — Filer name
• 2024-04-25 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• EWING (location) — Business address city
• NJ (location) — Business address state

FAQ

Industry Context

Universal Display Corp operates in the electronic components industry, focusing on OLED technology.

Regulatory Implications

The DEF 14A filing is a standard disclosure required by the SEC for public companies regarding executive compensation and shareholder matters.

What Investors Should Do

1. Analyze the specific equity award adjustments (granted, vested, forfeited) for PEO and Non-PEO members.
2. Review the dates associated with these adjustments to understand the timing of compensation changes.
3. Note the company's fiscal year end (December 31) and filing date (April 25) for context.

Key Dates

• 2024-04-25: Filing Date — Submission of DEF 14A

Year-Over-Year Comparison

This is a DEF 14A filing, which typically contains information on executive compensation and shareholder meetings, rather than financial performance updates found in quarterly or annual reports.

Key Financial Figures

• $97,237 — 2023, we paid a total of approximately $97,237 to Exponent in connection with its prov

Filing Documents

• oled-20240424.htm (DEF 14A) — 1095KB
• img35610551_0.jpg (GRAPHIC) — 3KB
• img35610551_1.jpg (GRAPHIC) — 37KB
• img35610551_2.jpg (GRAPHIC) — 31KB
• img35610551_3.jpg (GRAPHIC) — 31KB
• img35610551_4.jpg (GRAPHIC) — 3KB
• img35610551_5.jpg (GRAPHIC) — 82KB
• img35610551_6.jpg (GRAPHIC) — 66KB
• 0000950170-24-048276.txt (&nbsp;) — 2608KB
• oled-20240424.xsd (EX-101.SCH) — 40KB
• oled-20240424_htm.xml (XML) — 302KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 11 PROPOSAL 2 – ADVISORY VOTE ON EXECUTIVE OFFICER COMPENSATION 34 PROPOSAL 3 – RATIFICATION OF THE APPOINTMENT OF KPMG LLP 35

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 36 CERTAIN TRANSACTIONS WITH RELATED PERSONS 38 RISK OVERSIGHT BY OUR BOARD OF DIRECTORS 38 DELINQUENT SECTION 16(a) REPORTS 39 ETHICS AND BUSINESS CONDUCT 39 SHAREHOLDER PROPOSALS 41 ANNUAL REPORT TO SHAREHOLDERS 41 UNIVERSAL DISPLAY CORPORATION 250 Phillips Boulevard Ewing, New Jersey 08618 PROXY STATEMENT FOR 2024 ANN UAL MEETING OF SHAREHOLDERS TO BE HELD JUNE 20, 2024 INFORMATION CONCERNING THIS SOLICITATION The Board of Directors (or "Board") of Universal Display Corporation ("we," "our," "us" or the "Company") is soliciting proxies for the 2024 Annual Meeting of Shareholders to be held as a virtual meeting via a live webcast on the Internet on Thursday, June 20, 2024, at 10:00 a.m., Eastern Time, at www.virtualshareholdermeeting.com/OLED2024 (the "Annual Meeting"). This proxy statement contains important information for shareholders to consider when deciding how to vote on the matters brought before the Annual Meeting. Please read it carefully. At the Annual Meeting, our shareholders will be asked to vote upon: (1) the election of ten members of our Board of Directors to hold one-year terms; (2) a proposal to approve an advisory resolution regarding executive officer compensation; (3) a proposal to ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2024; and (4) such other business as may properly come before the meeting or any postponements or adjournments thereof. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be Held on June 20, 2024 This proxy statement and our 2023 Annual Report to Shareholders are available free of charge at ir.oled.com . PROXY MATERIALS Our Board of Directors has set April 5, 2024 as the record date for the Annual Meeting (the "Record Date"). As of the Record Date, we had outstanding 47,439,291 shares of common stock

View Full Filing

View this DEF 14A filing on SEC EDGAR