Item 1.01 Entry into a Material Definitive Agreement
On February 23, 2021, the registrant and PPG Industries, Inc. ("PPG") entered
into an amendment (the "Amendment") to that certain Amended and Restated OLED
Materials Supply and Service Agreement, dated as of October 1, 2011 (the "Supply
Agreement"), between the registrant and PPG to provide for PPG's adaptation and
operation of a new manufacturing facility in Ireland (the "Facility") for PPG's
manufacture of the registrant's proprietary PHOLED emitter materials at the
Facility. Under the terms of the Amendment, in addition to providing for PPG's
operation of the manufacturing functions at the Facility, the registrant and PPG
also agreed to extend the term of the existing Supply Agreement such that
neither party can provide notice of their respective rights of termination under
the existing agreement prior to December 1, 2024. Attached is a press release
announcing the registrant's plans with respect to the Facility.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
Press Release by the Registrant, dated February 25, 2021, furnished
99.1 pursuant to Item 1.01 of Form 8-K.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses