NJ TECH CORNER: Universal Display Corporation
Photo: Steven V. Abramson, CEO of Universal Displays Corporation Photo Credit: Courtesy Universal Display Corp.
Steven V. Abramson, CEO of Universal Displays Corporation | Courtesy Universal Display Corp.

Company Overview:

Universal Display Corporation (NASDAQ: OLED) is a Ewing, NJ-based provider of organic light emitting diode (OLED) technologies and materials for use in displays for mobile phones, tablets, televisions, wearables, VR/AR, IT, signage and automotive interiors as well as solid-state lighting applications. Universal Display a robust and extensive patent portfolio in the OLED field with over 4100 issued and pending patents worldwide in a broad array of OLED technologies, materials and processes. The company has more than 25 business agreements with leading manufacturers in Japan, Korea, Taiwan, China, Europe and the U.S. Founded in 1994, the company has about 200 employees.


Investment & Financial Information



Shares of common stock outstanding (as of April 8, 2016): 

46,889,359

Share price of stock (as of Oct. 14, 2016)

$49.19

Share price of stock (one year ago)

$38.39

Current valuation (as of XXX, 2016)

$2.31 billion

Valuation one year ago

$1.76 billion

Stock Symbol:

OLED

Total Revenues (year ended Dec. 31, 2015):

$191.04 million

Total Revenues previous year

$191.03 million

Net Income ( Year ended Dec. 31, 2015)

$  14.68 million

Net Income previous year:

$  41.85 million


Management Team


Name

Age

Title

Sherwin I. Seligsohn

80

Founder, Chairman of the Board

Steven V. Abramson

64

President, CEO

Sidney D. Rosenblatt

68

Executive Vice President, CFO, Treasurer

Julia J. Brown

54

Senior Vice President, Chief Technology Officer

Janice M. DuFour

58

Vice President of Technology Commercialization and General Manager, PHOLED Material Sales Business

Mauro Premutico

50

Vice President, Legal and General Manager, Patents and Licensing



Board of Directors    

                       

Name

Age

Title/Organizations

Sherwin I Seligsohn

80

Chairman of the Board; Director and President, American Biomimetics Corp., International Multi-Media Corp., and Wireless Unified Network Systems Corp.

Steven V. Abramson

65

President, CEO

Sidney D. Rosenblatt

68

Executive Vice President, CFO, Treasurer, Secretary;  Board of Managers, Overlook School for the Blind; Board of Careers through Culinary Arts Program

Leonard Becker

92

General Partner, Becker Associates

Richard C. Elias

62

Former Senior Vice President, PPG Industries; Director, Black Box Corp. 

Elizabeth H. Gemmill

70

Board Member, Beneficial Bancorp Inc. and Arden Theatre Co.; Chairman of the Board, The Presbyterian Foundation; Board Leadership Fellow, National Association of Corporate Directors 

Rosemarie B. Greco

70

Board Member, Pennsylvania Real Estate Investment Trust, PECO Energy Company, Board of Overseers of University School of Nursing; co-chair, Vision 2020

C. Keith Hartley

73

President, Hartley Capital Advisors; Director, Swisher International Group Inc.

Lawrence Lacerte

63

Chairman of the Board of Directors and CEO, Exponent Technologies


Noteworthy Control


Name

Shares of common stock owned

% of total common shares

Scott Seligsohn

3,263,469

7.0%

Lori S. Rubenstein

3,114,000

6.6%

Steven G. Winters

3,036.000

6.5%

Waddell & Reed

3,776,132

8.1%

The Vanguard Group

2,913,477

6.2%

 

[All information for NJ Tech Corner was taken from the company's annual report, proxy statement and other company sources, with the exception of the company's stock price and valuation.]

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