form8k.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): January
14, 2008 (January 9, 2008)
Universal
Display Corporation
(Exact
Name of Registrant Specified in Charter)
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Pennsylvania
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1-12031
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23-2372688
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(State
or Other
Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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375
Phillips Boulevard
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Ewing,
New Jersey
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08618
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area
code: (609)
671-0980
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2 below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
3.02 Unregistered
Sales of Equity Securities.
In
various transactions since October 1, 2007, the Registrant has issued an
aggregate of 378,841unregistered shares of its common stock. On
January 9, 2008, the number of shares so issued surpassed, in the aggregate,
1%
of the total number of shares of common stock outstanding on that
date. Of the total shares issued, 21,552 shares were issued to PPG
Industries, Inc. in return for services provided under an OLED Material Supply
and Service Agreement between the Registrant and PPG Industries. The
remaining 357,289 shares were issued upon the exercise of outstanding stock
purchase warrants. The warrants had a weighted average exercise price
of $8.42 per share. All of the shares were issued in reliance on the
exemption from registration contained in Section 4(2) of the Securities Act
of 1933, as amended.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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UNIVERSAL
DISPLAY CORPORATION
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By:
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/s/
Sidney D. Rosenblatt
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Sidney
D. Rosenblatt
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Executive
Vice President, Chief Financial Officer, Treasurer
and
Secretary
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Dated:
January 14, 2008