April Walker

About April Walker

April Walker, 58, was elected to Universal Display Corporation’s Board effective January 1, 2025 and is classified as an independent director under Nasdaq listing requirements . She serves on the board of Sangoma Technologies (Nasdaq: SANG; TSX: STC) and holds advisory/academic roles at Drexel University’s Solutions Institute and Executive MBA program . Her 35+ year technology leadership background spans Salesforce (SVP Customer Success, Jul 2022–Jun 2024), Microsoft (GM, US Technology & Industry Innovation CoEs, Mar 2018–Jul 2022), and earlier senior roles at MetLife, Washington Gas, and NBCUniversal, with documented expertise in business strategy, customer experience, AI, cybersecurity, digital transformation, sales, and operations .

Past Roles

External Roles

Board Governance

• Independence: The Board determined April Walker is an independent director under Nasdaq criteria .
• Committee assignments: Audit, Human Capital, and Nominating & Corporate Governance membership rosters do not list Walker; Audit (Comparin, Elias, Gemmill, Hartley, Lacerte); Human Capital (Lacerte, Brown, Gemmill, Hartley, Joseph); NCG (Joseph, Comparin, Gemmill, Lacerte, Lau) .
• Attendance: In 2024, the Board held 9 meetings; all directors/committee members attended at least 75% in aggregate. Walker joined in 2025, so no 2024 attendance data applies to her .
• Board leadership: Lead Independent Director is Elizabeth H. Gemmill; independent directors meet in executive session periodically .

Director election support (June 18, 2025):

Say-on-pay (advisory) outcome (June 18, 2025):

Fixed Compensation

2024 baseline (context): Cash director fee $75,000; committee member fees: Audit $16,000; Human Capital $12,500; NCG/Investment/ESR $8,000; Chair fees: Audit $32,000; Human Capital $25,000; NCG/Investment/ESR $16,000 . The committee cash amounts increased ~4% year-over-year for 2025 .

Performance Compensation

Other Directorships & Interlocks

Expertise & Qualifications

• Technology and transformation credentials spanning AI, cybersecurity, digital transformation, strategy, customer experience, sales, and operations; >35 years in technology leadership roles .
• Public company governance exposure via Sangoma Technologies directorship; cross-industry perspective .
• Advisory and academic engagement at Drexel enhances stakeholder/innovation insight .

Equity Ownership

Director stock ownership guidelines: Directors must own shares equal to 10x annual cash director compensation; compliance measured annually using prior year’s highest closing price; 2024 highest closing price was $236.42/share, implying a 2025 threshold of 3,173 shares; “each member of the Board who was required to own at least 3,173 shares” was in compliance as of Jan 2, 2025. New directors have five years to comply . Anti-hedging policy prohibits short selling and hedging by employees and directors; pledging is not explicitly prohibited but is disclosed in beneficial ownership footnotes for other directors (Hartley and Lacerte), with no pledging disclosed for Walker .

Governance Assessment

• Strengths: Independent status; extensive technology/AI/cybersecurity expertise aligned with OLED’s innovation-led strategy; strong shareholder support in initial election (≈38.0M FOR vs ≈0.05M AGAINST); robust company-wide anti-hedging policy and director ownership guidelines supporting alignment .
• Watch items: Initial beneficial ownership is 342 shares (<1%); below guideline threshold but within the five-year grace period for new directors; committee assignments for Walker not disclosed in 2025 proxy—limits immediate oversight influence until committee placement is clarified .
• Conflicts/related-party exposure: None identified for Walker; Audit Committee oversees related party reviews. Notable related party items involve other individuals (e.g., David Rosenblatt) and a third-party vendor relationship assessed within independence thresholds; no impact on Walker’s independence .
• Shareholder sentiment: 2025 Say-on-Pay passed with broad support (36.7M FOR vs 0.9M AGAINST), signaling stable governance/compensation reception; relevant to overall board credibility during Walker’s onboarding .

RED FLAGS: None specific to April Walker disclosed. General board-level flags include pledged shares by other directors (Hartley: 59,826; Lacerte: 119,686) and a related-party employment (David Rosenblatt), but these do not implicate Walker directly .

Appendix: Director Compensation Structure (Context)