STMicroelectronics Reports on Main Resolutions to be Proposed at the 2020 Annual General Meeting of Shareholders
March 25 2020 - 6:08PM
PR N°C2947C
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 Date |
Global Record Date |
Payment Date in Europe |
NYSE Payment Date: on or after |
|
From End of Business in Europe on: |
Until Open of Business in NY 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 STMicroelectronicsST 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 BerthierGroup VP, Investor RelationsTel :
+41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis BretonCorporate External
CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com
- C2947C- ST Main resolutions 2020 AGM - FINAL FOR
PUBLICATION
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