---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-025690"
form_type: "8-K"
ticker: "OLED"
cik: "0001005284"
company_name: "UNIVERSAL DISPLAY CORP PA"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T08:50:53.246727+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Universal Display amends CFO's change-in-control agreement to eliminate tax gross-up

## Summary
- On May 31, 2023, Universal Display and CFO Brian Millard amended his Change in Control Agreement.
- The amendment eliminates the provision that would pay a tax gross-up for excise tax under Section 4999.
- Section 9 of the agreement is deleted and replaced with "[Intentionally Omitted]".
- Consideration for the amendment was $10.00 in cash.
- The amendment is effective immediately; all other terms of the agreement remain unchanged.

## SEC filing metadata
- accession: 0000950170-23-025690
- form_type: 8-K
- ticker: OLED
- cik: 0001005284
- company_name: UNIVERSAL DISPLAY CORP PA
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005284/000095017023025690/0000950170-23-025690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005284/000095017023025690/oled-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-025690
- JSON: https://secwatch.observer/filing/0000950170-23-025690.json
- Plain text: https://secwatch.observer/filing/0000950170-23-025690.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.