Geneva, March 4, 2002 - STMicroelectronics (NYSE: STM) announced that the following main resolutions will be presented for shareholders' approval at the Company's Annual General Meeting, which will be held on Wednesday, March 27, 2002, in Amsterdam.
- These resolutions include:
- - Distribution of a Cash Dividend
- The Company will propose the distribution of a cash dividend of $0.04 per share, consistent with last year's cash dividend payment.
- The record and payment dates will be announced following the Annual General Meeting.
- Reappointment of Mr. Pasquale Pistorio for a 3-year term as the Company's President and Chief Executive Officer.
- Reappointment of current Supervisory Board Members for a 3-year term.
- Renewal of Pricewaterhousecoopers' mandate as auditors for a 3-year term.
All 3-year terms shall end on the date of the Annual General Meeting in 2005.
All proxy and related shareholder materials will be made available by the morning of March 5, 2002, on the Company's website: www.st.com
About STMicroelectronics
STMicroelectronics, the world's third largest independent semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at www.st.com.
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