Universal Display (OLED) AGM 2024 summary

Opening remarks and agenda

• The meeting was opened with a welcome, instructions for participation, and an overview of the agenda, including voting and a Q&A session.

• The meeting was conducted in accordance with the Notice of Annual Meeting, Proxy Statement, and Rules of Conduct.

Overview of voting outcomes

• Shareholders voted on the election of 10 director nominees, an advisory vote on executive compensation, and the ratification of KPMG LLP as independent auditor for 2024.

• All proposals were approved by the requisite vote, with detailed results to be filed on Form 8-K.

Financial performance review

• 2023 revenue reached $576 million, with net income of $203 million, or $4.24 per diluted share.

• Maintained a robust balance sheet, lean operating model, and no debt, while investing in future growth.