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STMicroelectronics N.V.

STMicroelectronics N.V.

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Publicatie datum 26 apr 2013 - 15:30
Statutaire naam STMicroelectronics N.V.
Titel STMicroelectronics Reports on Main Resolutions to be Proposed at the 2013 Annual General Meeting of Shareholders
Bericht Geneva, April 26, 2013 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the main resolutions to be submitted for shareholder adoption at the Company’s Annual General Meeting of Shareholders which will be held in Amsterdam, The Netherlands, on June 21, 2013. The main resolutions, proposed by the Supervisory Board, include: • The adoption of the Company's 2012 Statutory Annual Accounts prepared in accordance with International Financial Reporting Standards (IFRS); • The distribution of a cash dividend of US$0.10 in the second quarter of 2013, and of US$0.10 in the third quarter of 2013, per common share, to be paid in June and September of 2013, respectively to shareholders of record in the month of each quarterly payment as per the table below. The amount of the proposed second and third quarter of 2013 cash dividend is stable with respect to previous quarterly dividend distributions; • The appointment of Ms. Janet Davidson as a new member of the Supervisory Board for a three-year term, expiring at the 2016 Annual General Meeting of Shareholders, as a replacement for Mr. Raymond Bingham, whose mandate will expire; • The reappointment of Mr. Alessandro Ovi for a three-year term, expiring at the 2016 Annual General Meeting of Shareholders; • The amendment of the compensation scheme of the Supervisory Board; • The approval of a new four-year Unvested Stock Award Plan for Management and Key Employees. The record date for all shareholders to participate at the Annual General Meeting of Shareholders will be May 24, 2013. The complete agenda and all relevant detailed information concerning the Annual General Meeting of Shareholders, 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 as of April 26, 2013.