Press release
Universal Display Corporation Holds Virtual 2024 Annual Meeting of Shareholders
EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED®
About this update from Universal Display Corporation
[{"type":"text","content":" EWING, N.J.--(BUSINESS WIRE)--\nUniversal 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.\n\n\n“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.”\n\n\nAbramson 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.”\n\n\nDuring 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.\n\n\nThe 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.\n\n\nAbout Universal Display Corporation\n\n\nUniversal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) te...