STMicroelectronics Reports on Main Resolutions to be Proposed at the 2013 Annual General Meeting of Shareholders

Fri Apr 26, 2013 9:30am EDT

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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 Meetingof 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 Meetingof 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.

The table below summarizes the full schedule for the quarterly dividends:

.

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 2013 24-Jun-13 26-Jun-13 27-Jun-13 02-Jul-13 24-Jun-13 27-Jun-13
Q3 2013 16-Sep-13 18-Sep-13 19-Sep-13 24-Sep-13 16-Sep-13 19-Sep-13
Q4 2013(*) 09-Dec-13 11-Dec-13 12-Dec-13 17-Dec-13 09-Dec-13 12-Dec-13
Q1 2014(*) 24-Mar-14 26-Mar-14 27-Mar-14 01-Apr-14 24-Mar-14 27-Mar-14

(*)The fourth quarter 2013 and first quarter 2014 dividends will be decided at a Shareholders' Meeting to be held during the fourth quarter of 2013.

Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "may," "will," "should," "would be" or "anticipates" or similar expressions or the negative thereof or other variations thereof, or by discussions of strategy, plans or intentions. Some of the risk factors we face are set forth and are discussed in more detail in "Item 3. Key Information-Risk Factors" included in our Annual Report on Form 20-F for the year ended December 31, 2012, as filed with the SEC on March 4, 2013. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.

 

About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.

In 2012, the Company's net revenues were $8.49 billion. Further information on ST can be found at www.st.com.

For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen                                     
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com

MEDIA RELATIONS:
Nelly Dimey                                       
Director, Corporate Media and Public Relations
STMicroelectronics
Tel: +33 158 077 785
nelly.dimey@st.com




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Source: STMicroelectronics via Thomson Reuters ONE

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