STMicroelectronics Shareholders Approve all Resolutions at the 2011 Annual General Meeting
Amsterdam / 03 May 2011
STMicroelectronics (NYSE: STM) has announced that all the proposed resolutions were approved at the Company’s Annual General Meeting (AGM) which was held in Amsterdam on May 3, 2011.
The main resolutions, proposed by the Supervisory Board, were:
- The reappointment of Mr. Carlo Bozotti as the sole member of the Managing Board and the Company’s President and Chief Executive Officer for a three-year term expiring at the 2014 Annual General Meeting;
- The reappointment for a three-year term, expiring at the 2014 Annual General Meeting, for the following members of the Supervisory Board: Mr. Didier Lombard, Mr. Bruno Steve and Mr. Tom de Waard;
- The appointment of Messrs. Jean d’Arthuys, Jean-Georges Malcor and Alessandro Rivera as new members of the Supervisory Board for a three-year term, expiring at the 2014 Annual General Meeting, in replacement of Messrs. Gerald Arbola and Antonino Turicchi, whose mandates has expired at today’s Annual General Meeting, and of Mr Didier Lamouche, who resigned in October 2010;
- The approval of the Company's 2010 accounts reported in accordance with International Financial Reporting Standards (IFRS); and
- The distribution of a cash dividend of US$0.40 per share, to be paid in four equal quarterly installments in May, August and December 2011 and February 2012 to shareholders of record in the month of each quarterly payment.(1)
Following the Annual General Meeting, the Supervisory Board appointed Mr. Didier Lombard as the Chairman of the Supervisory Board and Mr. Bruno Steve as the Vice-chairman, respectively for a 3-year term ending in 2014.
The complete agenda and all relevant detailed information concerning the 2011 STMicroelectronics N.V. Annual General Meeting, as well as all related AGM materials, will be available on the Company’s web site (www.st.com) and made available to shareholders in compliance with legal requirements.
The draft minutes of the AGM will be posted on the Annual General Meeting page of the company website at: www.st.com as of June 2011.
Additionally, STMicroelectronics’ 2010 accounts, reported in accordance with U.S. GAAP, were filed with the Securities and Exchange Commission on Form 20-F on March 7, 2011.
(1) The table below summarizes the full schedule for the four installments for the dividend:
| Quarter | Ex-dividend Date (globally) | Global Record Date | Payment Date in Europe | NYSE Payment Date: on or after | Transfer between New York and Dutch registered shares restricted: | |
| From End of Business in Europe on: | Until Open of Business in NY on: | |||||
| Q2 2011 | 23-May-11 | 25-May-11 | 26-May-11 | 31-May-11 | 20-May-11 | 26-May-11 |
| Q3 2011 | 22-Aug-11 | 24-Aug-11 | 25-Aug-11 | 30-Aug-11 | 19-Aug-11 | 25-Aug-11 |
| Q4 2011 | 28-Nov-11 | 30-Nov-11 | 1-Dec-11 | 6-Dec-11 | 25-Nov-11 | 1-Dec-11 |
| Q1 2012 | 20-Feb-12 (17-Feb-12 in NY)* | 22-Feb-12 | 23-Feb-12 | 28-Feb-12 | 17-Feb-12 | 23-Feb-12 |
About STMicroelectronics
STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. ST aims to be the undisputed leader in multimedia convergence and power applications leveraging its vast array of technologies, design expertise and combination of intellectual property portfolio, strategic partnerships and manufacturing strength. In 2010, the Company’s net revenues were $10.35 billion. Further information on ST can be found at www.st.com.
