STMicroelectronics Reports on Resolutions to be Proposed at the 2024 Annual General Meeting of Shareholders
22 Mars 2024 - 12:40AM
STMicroelectronics Reports on Resolutions
to be Proposed at the 2024 Annual General Meeting
of Shareholders
Amsterdam, March 22, 2024 -
STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of
electronics applications, announced the resolutions to be submitted
for adoption at the Annual General Meeting of Shareholders (AGM)
which will be held in Amsterdam, the Netherlands, on May 22,
2024.
The resolutions, proposed by the Supervisory Board, are:
- The adoption of the Remuneration Policy for the Supervisory
Board;
- The adoption of the Company's statutory annual accounts for the
year ended December 31, 2023, prepared in accordance with
International Financial Reporting Standards (IFRS). The 2023
statutory annual accounts were filed with the Netherlands authority
for the Financial Markets (AFM) on March 21, 2024 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$ 0.36 per outstanding
share of the Company’s common stock, to be distributed in quarterly
installments of US$ 0.09 in each of the second, third and fourth
quarters of 2024 and first quarter of 2025 to shareholders of
record in the month of each quarterly payment as per the table
below;
- The amendment to the Company’s Articles of Association;
- The adoption of the Remuneration Policy for the Managing
Board;
- The reappointment of Mr. Jean-Marc Chery as member and Chairman
of the Managing Board for a three-year term to expire at the end of
the 2027 AGM;
- The approval of the stock-based portion of the compensation of
the President and CEO;
- The appointment of Mr. Lorenzo Grandi as member of the Managing
Board for a three-year term to expire at the end of the 2027
AGM;
- The approval of the stock-based portion of the compensation of
the Chief Financial Officer;
- The approval of a new 3-year Unvested Stock Award Plan for
Management and Key Employees;
- The reappointment of EY as external auditor for the 2024 and
2025 financial years;
- The reappointment of Mr. Nicolas Dufourcq, as member of the
Supervisory Board, for a three-year term to expire at the end of
the 2027 AGM;
- The reappointment of Ms. Janet Davidson, as member of the
Supervisory Board, for a one-year term to expire at the end of the
2025 AGM;
- The appointment of Mr. Pascal Daloz, as member of the
Supervisory Board, for a three-year term expiring at the 2027 AGM,
in replacement of Mr. Yann Delabrière whose mandate will expire at
the end of the 2024 AGM;
- The authorization to the Managing Board, until the conclusion
of the 2025 AGM, to repurchase shares, subject to the approval of
the Supervisory Board;
- The delegation to the Supervisory Board of the authority to
issue new common shares, to grant rights to subscribe for such
shares, and to limit and/or exclude existing shareholders’
pre-emptive rights on common shares, until the end of the 2025
AGM;
- The discharge of the member of the Managing Board; and
- The discharge of the members of the Supervisory Board.
The record date for all shareholders to participate at the
Annual General Meeting of Shareholders will be April 24, 2024. The
complete agenda and all relevant detailed information concerning
the 2024 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 21,
2024.
As for rule amendments from the Securities and
Exchange Commission (SEC) and conforming FINRA rule changes,
beginning on May 28, 2024, on US market the new standard for
settlement will become the next business day after a trade or t+1.
European settlement rule will remain at t+2.
The table below summarizes the full schedule for the quarterly
dividends:
|
|
|
|
|
|
|
Transfer between New York and Dutch registered shares
restricted: |
|
In Europe |
in NYSE |
|
|
|
Quarter |
Ex-dividend Date |
Record Date |
Payment Date |
Ex-dividend and Record Date |
Payment Date: on or after |
|
From End of Business in NY on: |
Until Open of Business in NY on: |
Q2 2024 |
24-Jun-24 |
25-Jun-24 |
26-Jun-24 |
25-Jun-24 |
2-Jul-24 |
|
21-Jun-24 |
26-Jun-24 |
Q3 2024 |
23-Sep-24 |
24-Sep-24 |
25-Sep-24 |
24-Sep-24 |
1-Oct-24 |
|
20-Sep-24 |
25-Sep-24 |
Q4 2024 |
16-Dec-24 |
17-Dec-24 |
18-Dec-24 |
17-Dec-24 |
27-Dec-24 |
|
13-Dec-24 |
18-Dec-24 |
Q1 2025 |
24-Mar-25 |
25-Mar-25 |
26-Mar-25 |
25-Mar-25 |
1-Apr-25 |
|
21-Mar-25 |
26-Mar-25 |
About STMicroelectronicsAt ST, we are over
50,000 creators and makers of semiconductor technologies mastering
the semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of cloud-connected autonomous things. We are committed
to achieving our goal to become carbon neutral on scope 1 and 2 and
partially scope 3 by 2027. 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
- C3243C - ST Press Release -Proposed resolutions - 2024 AGM -
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