PR NdegC2947C
STMicroelectronics Reports on Main Resolutions to be Proposed
at the 2020 Annual General Meeting of Shareholders
Geneva, March 25, 2020 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of
electronics applications, announced the main resolutions to be submitted
for adoption at the Annual General Meeting of Shareholders (AGM) which
will be held in Schiphol, the Netherlands, on May 28, 2020.
The main resolutions, proposed by the Supervisory Board, include:
-- The adoption of the Company's statutory annual accounts for the year
ended December 31, 2019, prepared in accordance with International
Financial Reporting Standards (IFRS). The 2019 statutory annual accounts
were filed with the Netherlands authority for the Financial Markets (AFM)
on March 25, 2020 and are posted on the Company's website (www.st.com)
and the AFM's website (www.afm.nl);
-- The distribution of a cash dividend of US$0.24 per outstanding share of
the Company's common stock, to be distributed in quarterly installments
of US$0.06 in each of the second, third and fourth quarters of 2020 and
first quarter of 2021 to shareholders of record in the month of each
quarterly payment as per the table below;
-- The appointment of Ms. Ana de Pro Gonzalo as member of the Supervisory
Board, for a three-year term expiring at the 2023 AGM, in replacement of
Ms. Martine Verluyten whose mandate will expire at the end of the 2020
AGM;
-- The appointment of Mr. Yann Delabrière as member of the Supervisory
Board, for a three-year term expiring at the 2023 AGM, in replacement of
Mr. Jean-Georges Malcor whose mandate will expire at the end of the 2020
AGM;
-- The reappointment, for a three-year term expiring at the 2023 AGM, of the
following members of the Supervisory Board: Ms. Heleen Kersten and
Messrs. Alessandro Rivera, Frédéric Sanchez and Maurizio
Tamagnini;
-- The adoption of the Company's remuneration policy for the members of the
Supervisory Board, in line with recent changes in Dutch corporate law and
the EU's shareholder rights directive; and
-- The amendment of the Company's remuneration policy for the Managing Board,
in line with recent changes in Dutch corporate law and the EU's
shareholder rights directive.
The record date for all shareholders to participate at the Annual
General Meeting of Shareholders will be April 30, 2020. The complete
agenda and all relevant detailed information concerning the 2020 AGM, as
well as all related AGM materials, are available on the Company's
website (www.st.com) and made available to shareholders in compliance
with legal requirements as of March 25, 2020.
COVID-19 (Coronavirus) outbreak
In response to the global spread of the coronavirus and in view of the
upcoming AGM, ST is committed to keeping its shareholders, employees and
other stakeholders healthy and safe. We are therefore taking
precautionary measures to limit the risk of infection for all involved
in our business operations. This includes avoiding unnecessary travels
and physical gatherings. This approach will be also applied to our AGM.
Hence, if you are a shareholder (or otherwise entitled to attend the
AGM), we strongly encourage not to attend the AGM in person, but rather
to exercise your voting right by internet or proxy.
ST will continue to closely monitor the situation and may adopt
additional security measures (such as further limiting the physical
participation to the AGM to core attendees only, as permitted by law).
The table below summarizes the full schedule for the quarterly dividend
distribution:
Transfer between New
York and Dutch registered
shares restricted:
----------------------------
Quarter Ex-dividend Global Record Payment NYSE Payment From End Until Open
Date Date Date in Date: on of Business of Business
Europe or after in Europe in NY on:
on:
Q2 2020 22-Jun-20 23-Jun-20 24-Jun-20 30-Jun-20 22-Jun-20 24-Jun-20
----------- ------------- --------- ------------ ------------- -------------
Q3 2020 21-Sep-20 22-Sep-20 23-Sep-20 29-Sep-20 21-Sep-20 23-Sep-20
----------- ------------- --------- ------------ ------------- -------------
Q4 2020 14-Dec-20 15-Dec-20 16-Dec-20 22-Dec-20 14-Dec-20 16-Dec-20
----------- ------------- --------- ------------ ------------- -------------
Q1 2021 22-Mar-21 23-Mar-21 24-Mar-21 30-Mar-21 22-Mar-21 24-Mar-21
----------- ------------- --------- ------------ ------------- -------------
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and
energy-efficient products and solutions that power the electronics at
the heart of everyday life. ST's products are found everywhere today,
and together with our customers, we are enabling smarter driving and
smarter factories, cities and homes, along with the next generation of
mobile and Internet of Things devices.
By getting more from technology to get more from life, ST stands for
life.augmented.
In 2019, the Company's net revenues were $9.56 billion, serving more
than 100,000 customers worldwide. Further information can be found at
www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41.22.929.58.12
celine.berthier@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
Attachment
-- C2947C- ST Main resolutions 2020 AGM - FINAL FOR PUBLICATION
https://ml-eu.globenewswire.com/Resource/Download/6351b562-71ef-4add-9bdb-6ced056e8051
(END) Dow Jones Newswires
March 25, 2020 18:08 ET (22:08 GMT)
