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    STM   NL0000226223

STMICROELECTRONICS N.V.

(STM)
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Press Release : STMicroelectronics' Annual General Meeting 2021

05/27/2021 | 07:45am EDT
 
   STMicroelectronics' Annual General Meeting 2021 
 
   Schiphol, May 27, 2021 - 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 2021 Annual General Meeting of Shareholders (the "2021 
AGM"), which was held today in Schiphol, the Netherlands. 
 
   The resolutions, approved by the Shareholders, were: 
 
 
   -- The adoption of the Company's statutory annual accounts for the year 
      ended December 31, 2020, prepared in accordance with International 
      Financial Reporting Standards (IFRS). The 2020 statutory annual accounts 
      were filed with the Netherlands authority for the Financial Markets (AFM) 
      on March 25, 2021 and are posted on the Company's website ( 
      http://www.st.com www.st.com) and the AFM's website (www.afm.nl); 
 
   -- The distribution of a cash dividend of US$ 0.24 per outstanding share of 
      the Company's common stock, to be distributed in quarterly installments 
      of US$ 0.06 in each of the second, third and fourth quarters of 2021 and 
      first quarter of 2022 to shareholders of record in the month of each 
      quarterly payment as per the table below; 
 
   -- The reappointment of Mr. Jean-Marc Chery as sole member of the Managing 
      Board for a three-year term to expire at the end of the 2024 AGM; 
 
   -- The reappointment of Mr. Nicolas Dufourcq, as member of the Supervisory 
      Board, for a three-year term to expire at the end of the 2024 AGM; 
 
   -- The adoption of an amended remuneration policy for the Managing Board, in 
      line with recent changes in Dutch corporate law and the EU's Shareholder 
      Rights Directive II (SRDII); 
 
   -- The approval of the stock-based portion of the compensation of the 
      President and CEO; 
 
   -- The adoption of a new 3-year Unvested Stock Award Plan for Management and 
      Key Employees; 
 
   -- The authorization to the Managing Board, until the end of the 2022 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 2022 AGM; 
 
   -- The discharge of the sole member of the Managing Board; and 
 
   -- The discharge of the members of the Supervisory Board. 
 
 
   The complete agenda and all relevant detailed information concerning the 
2021 AGM, as well as all related AGM materials, are available on the 
Company's website ( 
https://www.globenewswire.com/Tracker?data=jED9QqDOnLxYdRXfR4RzJ0pCKP5FZSe3VxVdJgMmQSEWGSqfEYILY0z68FliOY3xWyIXYgb6256brlW0Snb6MQ== 
www.st.com) and made available to shareholders in compliance with legal 
requirements. 
 
   The draft minutes of the AGM will be posted on the General Meeting of 
Shareholders page of the Company's website (www.st.com) within 30 days 
following the 2021 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  Global Record  Payment    NYSE Payment    From End      Until Open 
          Date         Date           Date in    Date: on        of Business   of Business 
                                      Europe     or after        in Europe     in NY on: 
                                                                 on: 
Q2 2021  21-Jun-21    22-Jun-21      23-Jun-21  29-Jun-21       21-Jun-21     23-Jun-21 
         -----------  -------------  ---------  ------------    ------------  ------------ 
Q3 2021  20-Sep-21    21-Sep-21      22-Sep-21  28-Sep-21       20-Sep-21     22-Sep-21 
         -----------  -------------  ---------  ------------    ------------  ------------ 
Q4 2021  13-Dec-21    14-Dec-21      15-Dec-21  21-Dec-21       13-Dec-21     15-Dec-21 
         -----------  -------------  ---------  ------------    ------------  ------------ 
Q1 2022  21-Mar-22    22-Mar-22      23-Mar-22  29-Mar-22       21-Mar-22     23-Mar-22 
         -----------  -------------  ---------  ------------    ------------  ------------ 
 
 
 
   About STMicroelectronics 
 
   At ST, we are 46,000 creators and makers of semiconductor technologies 
mastering the semiconductor supply chain with state-of-the-art 
manufacturing facilities. An independent device manufacturer, we work 
with more than 100,000 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 the Internet of Things and 
5G technology. Further information can be found at 
https://www.globenewswire.com/Tracker?data=jED9QqDOnLxYdRXfR4RzJ7AEX5xA8LGQyPMn5GQ7rhIhdpjDk_iY-OCd2Fk5NpLAAW75zHG48obVpivmeb7_Ww== 
www.st.com. 
 
   For further information, please contact: 
 
   INVESTOR RELATIONS: 
 
   Céline Berthier 
 
   Group VP, Investor Relations 
 
   Tel : +41.22.929.58.12 
 
   https://www.globenewswire.com/Tracker?data=5RLaddlCEr6SQlhti8uYAlCfGgQaDtCBYOm8XnnTJgzeC5l4u2v--006wMSjhnKIw9lhsWCnC0KeVDmo41l7kas_6ZYI66oZN1WGHihK-AI= 
Celine.berthier@st.com 
 
   MEDIA RELATIONS: 
 
   Alexis Breton 
 
   Corporate External Communications 
 
   Tel: + 33.6.59.16.79.08 
 
   https://www.globenewswire.com/Tracker?data=cx4XSaOzOLDMb7FxGd0Qw-jP8KHEeF5efGO3sOajMlHI14lxeSjT1FCAfTngUbuXrNpzcQTRPJappzaVx6FIdqysyQDje6vQGbVkqsyba0g= 
alexis.breton@st.com 
 
   Attachment 
 
 
   -- C3005C - ST Press Release - 2021 POST- AGM PR - 27may2021 
      https://ml-eu.globenewswire.com/Resource/Download/6e71e8f4-7893-4c21-9c00-4d6e0ab1231b 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 27, 2021 07:45 ET (11:45 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.53% 34928.17 Delayed Quote.14.56%
STMICROELECTRONICS N.V. -2.35% 32.565 Real-time Quote.10.14%
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Financials (USD)
Sales 2021 12 183 M - -
Net income 2021 1 587 M - -
Net cash 2021 1 134 M - -
P/E ratio 2021 22,9x
Yield 2021 0,63%
Capitalization 36 968 M 36 984 M -
EV / Sales 2021 2,94x
EV / Sales 2022 2,72x
Nbr of Employees 46 016
Free-Float 71,8%
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Number of Analysts 23
Last Close Price 39,37 $
Average target price 47,61 $
Spread / Average Target 20,9%
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Managers and Directors
Jean-Marc Chery President & Chief Executive Officer
Lorenzo Grandi Chief Financial Officer & President-Finance
Maurizio Tamagnini Chairman-Supervisory Board
Orio Bellezza President-Technology, Manufacturing & Quality
Philippe Dereeper Executive Secretary & Chief Compliance Officer
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