Prepared and filed by St Ives Burrups

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 1, 2004 (October 26, 2004)

Universal Display Corporation

(Exact Name of Registrant Specified in Charter)


Pennsylvania
(State or Other
Jurisdiction of
Incorporation)
1-12031
(Commission File
Number)
23-2372688
(I.R.S. Employer
Identification No.)


375 Phillips Boulevard
Ewing, NJ
    08618  



(Address of Principal Executive Offices)     (Zip Code)  

Registrant’s telephone number, including area code: (609) 671-0980

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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Item 1.01      Entry Into a Material Definitive Agreement.

     On October 26, 2004, Universal Display Corporation (the “Company”) entered into an Agreement of Sale to purchase the property and building at which its Ewing, New Jersey facility is located for a purchase price of $5,500,000. The purchase is subject to a 15-day right of first refusal in favor of four adjoining property owners. The Company plans to close on the sale in December 2004.

Item 9.01.      Financial Statements and Exhibits.

  (a) Financial Statements of Business Acquired.
     
    None.
     
(b) Pro Forma Financial Information.          
     
    None.
     
  (c) Exhibits.
     
    None.


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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  UNIVERSAL DISPLAY CORPORATION
   
    /s/  Sidney D. Rosenblatt
   
By:
Sidney D. Rosenblatt
Executive Vice President, Chief Financial
Officer, Treasurer and Secretary

Dated: November 1, 2004

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