STMicroelectronics’ Annual General Meeting 2023

STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced the results related to the voting items of its 2023 Annual General Meeting of Shareholders (the “2023 AGM”), which was held  in Amsterdam, the Netherlands.

The resolutions, approved by the Shareholders, were:

• The adoption of the Company’s statutory annual accounts for the year ended December 31, 2022, prepared in accordance with International Financial Reporting Standards (IFRS). The 2022 statutory annual accounts were filed with the Netherlands authority for the Financial Markets (AFM) on March 23, 2023 and are posted on the Company’s website and the AFM’s website.
• 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 2023 and first quarter of 2024 to shareholders of record in the month of each quarterly payment as per the table below;
• The reappointment, for a three-year term expiring at the 2026 AGM, of Mr. Frédéric Sanchez and Mr. Maurizio Tamagnini, as members of the Supervisory Board;
• The reappointment, for a two-year term expiring at the 2025 AGM, of Ms. Ana de Pro Gonzalo, as member of the Supervisory Board;
• The reappointment, for a one-year term expiring at the 2024 AGM, of Mr. Yann Delabrière, as member of the Supervisory Board;
• The appointment of Mr. Paolo Visca, as member of the Supervisory Board, for a three-year term expiring at the 2026 AGM, in replacement of Mr. Alessandro Rivera whose mandate will expire at the end of the 2023 AGM;
• The appointment of Ms. Hélène Vletter-van Dort, as member of the Supervisory Board, for a two-year term expiring at the end of the 2025 AGM, in replacement of Ms. Heleen Kersten whose mandate will expire at the end of the 2023 AGM;
• The approval of the stock-based portion of the compensation of the President and CEO;
• The authorization to the Managing Board, until the end of the 2024 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 2024 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 2023 AGM, as well as all related AGM materials, are available on the Company’s website 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 within 30 days following the 2023 AGM.

The table below summarizes the full schedule for the quarterly dividend distribution: