secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0000950170-23-025690
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023025690/0000950170-23-025690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023025690/oled-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025690

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer