NJ TECH CORNER: Universal Display Corporation
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.]
