STMicroelectronics: STMicroelectronics’ Annual General Meeting 2020
June 17 2020 - 8:30AM
PR N°C2958C
STMicroelectronics’ Annual General Meeting
2020
Schiphol, June 17, 2020 - STMicroelectronics (NYSE:
STM), a global semiconductor leader serving customers across
the spectrum of electronics applications, announced the results
related to the voting items of its 2020 Annual General Meeting of
Shareholders (the “2020 AGM”), which was held today in Schiphol,
the Netherlands.
The main resolutions, approved by the Shareholders, were:
- 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$0.168 per outstanding
share of the Company’s common stock, to be distributed in quarterly
installments of US$0.042 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 authorization to the Supervisory Board to consider during
September 2020 to increase such authorized dividend up to a maximum
of US$0.24 per outstanding share of the Company’s common
stock;
- 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 expired 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 expired 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 re-appointment of EY as external auditor for the 2020,
2021, 2022 and 2023 financial years.
The proposed resolution related to the amendment of the
Company’s remuneration policy for the Managing Board was not
adopted. Under the newly implemented Dutch corporate Law, it
required a qualified majority of 75% of the votes cast. It received
50.30% of the votes cast.
The complete agenda and explanatory notes, including all the
proposed resolutions, and all relevant detailed information
concerning the 2020 STMicroelectronics N.V. Annual General Meeting
of Shareholders, as well as all related materials, are available on
the Company’s website (www.st.com) and have been made available to
shareholders in compliance with legal requirements.
The draft minutes of the AGM will be posted on the General
Meeting of Shareholderspage of the Company’s website (www.st.com)
within 30 days following the 2020 AGM.
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
- C2958C - ST - Post AGM PR - FINAL FOR PUBLICATION
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