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Amsterdam, May 14, 2008 - STMicroelectronics (NYSE: STM)
has announced that all of the proposed resolutions were approved at
the Company's Annual General Meeting, which was held in Amsterdam today.
The main resolutions were:
- Approval of the Company's 2007 accounts reported in accordance
with International Financial Reporting Standards (IFRS). (2007 accounts
reported under U.S. GAAP were filed on SEC Form 20-F on March 3rd,
2008)
- The reappointment of Mr. Carlo
Bozotti as the sole member of the Managing Board and Company’s
President and Chief Executive Officer for a three-year term, expiring
at the 2011 Annual General Meeting.
- The reappointments of the following members of the Supervisory
Board: Mr. Gérald Arbola, Mr. Tom de Waard, Mr. Didier Lombard,
Mr. Bruno Steve and the appointment of Mr. Antonino Turicchi. Mr.
Matteo del Fante’s Board service has concluded with the 2008
Annual General Meeting.
- The distribution of a cash dividend of US$0.36 to be paid in four
equal installments.
Immediately after the Annual General Meeting, the Supervisory Board met
and appointed Mr. Antonino Turicchi as Chairman of the Supervisory Board
and Mr. Gérald Arbola as Vice-Chairman, for a three-year term.
The complete agenda and all related materials concerning the STMicroelectronics
N.V. Annual General Meeting are available on the Company’s website
www.st.com.
The draft minutes of the AGM will be posted on the Company website
at the beginning of June 2008.
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 2007, the Company’s net revenues
were $10 billion. Further information on ST can be found at www.st.com.
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