Universal Display Corp 2024年度报告

- - -- - - - - - UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-K TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ____________ to ___________Commission File Number 1-12031 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filerNon-accelerated filerAccelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant computed by reference to the closing sale priceof the registrant’s common stock on the Nasdaq Global Select Market as of June 28, 2024, was $9,245,044,038. Solely for purposes of this calculation, all executiveofficers and directors of the registrant and all beneficial owners of more than 10% of the registrant’s common stock (and their affiliates) were considered affiliates. As of February 18, 2025, the registrant had outstanding 47,469,086 shares of common stock. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Proxy Statement for the 2025 Annual Meeting of Shareholders, which is to be filed with the Securities and Exchange Commission nolater than April 30, 2025 (the first business day after the 120thday following the end of the registrant's fiscal year), are incorporated by reference into Part III of this report. Auditor Location:Philadelphia, PA, USA TABLE OF CONTENTS PART I ITEM 1.BUSINESS..................................................................................................................................................................3ITEM 1A.RISK FACTORS.........................................................................................................................................................18ITEM 1B.UNRESOLVED STAFF COMMENTS......................................................................................................................27ITEM 1C.CYBERSECURITY ....................................................................................................................................................28ITEM 2.PROPERTIES .............................................................................................................................................................28ITEM 3.LEGAL PROCEEDINGS ...........................................................................................................................................29ITEM 4.MINE SAFETY DISCLOSURES...............................................................................................................................29 PART II ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS ANDISSUER PURCHASES OF EQUITY SECURITIES..................................................................................................30ITEM 6.RESERVED ..........................................................................................................................................