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Geneva, February 14, 2005 - STMicroelectronics (NYSE: STM)
has announced the main resolutions to be submitted for shareholders'
approval at the Company's Annual General Meeting, which will be held
in Amsterdam on Friday, March 18, 2005.
The main resolutions, proposed by the Supervisory Board, include:
- The appointment of Mr. Carlo Bozotti as the new sole member of
the Managing Board with the function of President and Chief Executive
Officer for a three-year term; and the endorsement by the Supervisory
Board, upon the proposal of Mr. Carlo Bozotti, of the appointment
of Mr. Alain Dutheil as Chief Operating Officer reporting to Mr. Carlo
Bozotti.
- The appointment as members of the Supervisory Board of Messrs.
Gerald Arbola, Matteo del Fante, Tom de Waard, Didier Lombard, Bruno
Steve and Antonino Turicchi for a three-year term; and Messrs. Doug
Dunn, Francis Gavois and Robert White, for a one-year term.
- The appointment of PriceWaterhouseCoopers as the Company's auditors
for a new three-year term.
- The distribution of a cash dividend of US$0.12. If approved, the
Company's common shares would trade ex-dividend on the three stock
exchanges on which they are listed, on Monday May 23, 2005. For holders
of shares listed on Euronext Paris and the Milan Stock Exchange (Borsa
Italiana), Monday May 23, 2005 would also be the payment date. For
holders of shares listed on New York Stock Exchange, the record date
would be Wednesday, May 25, 2005, and the payment date would be on
or after Tuesday, May 31, 2005. Transfers between New York and European
(Dutch) registered shares would be closed from the end of business
in Europe on Friday, May 20, 2005, until the open of business in New
York on Thursday, May 26, 2005.
The complete Agenda and relevant detailed information concerning the
STMicroelectronics N.V. Annual General Meeting, as well as all related
AGM materials, will be available on the Company's website www.st.com
beginning February 17, 2005, and made available to shareholders in compliance
with legal requirements.
About STMicroelectronics
STMicroelectronics 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 2004, the Company's net revenues
were $8.76 billion and net earnings were $601 million. Further information
on ST can be found at www.st.com.
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