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STMicroelectronics Shareholders Adopt All Resolutions at the 2015 AGM

Approves cash dividends, board members during meeting.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

STMicroelectronics announced that all of the proposed resolutions were adopted at the company’s Annual General Meeting of Shareholders (AGM).
 
The main resolutions, approved by the shareholders, were:
• The adoption of the company’s Statutory Annual Accounts for the year ended December 31, 2014, prepared in accordance with International Financial Reporting Standards (IFRS).
• The distribution of a cash dividend of US$0.40 per outstanding share of the company’s common stock, to be distributed in quarterly installments of US$0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record in the month of each quarterly payment as per the table below.
•  The appointment of Nicolas Dufourcq as a new member of the Supervisory Board, for a three-year term expiring at the 2018 AGM, in replacement of Jean d’Arthuys, whose mandate terminated as of the 2015 AGM.
•  The reappointment of Martine Verluyten as a member of the Supervisory Board, for a three-year term expiring at the 2018 AGM.
•  The appointment of Ernst & Young Accountants LLP as the company’s external auditor for the 2016-2019 financial years, as required by the new Dutch law which currently imposes an eight-year audit firm rotation period.

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