STMicroelectronics Reports on Resolutions to be Proposed at the 2025 Annual General Meeting of Shareholders

PR NdegC3324C

STMicroelectronics Reports on Resolutions to be Proposed

at the 2025 Annual General Meeting of Shareholders

Amsterdam, March 27, 2025 - STMicroelectronics $(STM)$, a global semiconductor leader serving customers across the spectrum of electronics applications, announced the resolutions to be submitted for adoption at the Annual General Meeting of Shareholders $(AGM)$ which will be held in Amsterdam, the Netherlands, on May 28, 2025.

The resolutions, proposed by the Supervisory Board, are:

   -- The adoption of the Company's statutory annual accounts for the year 
      ended December 31, 2024, prepared in accordance with International 
      Financial Reporting Standards (IFRS). The 2024 statutory annual accounts1 
      were filed with the Netherlands Authority for the Financial Markets (AFM) 
      on March 27, 2025 and are posted on the Company's website (www.st.com) 
      and the AFM's website (www.afm.nl); 
 
   -- The distribution of a cash dividend of US$ 0.36 per outstanding share of 
      the Company's common stock, to be distributed in quarterly installments 
      of US$ 0.09 in each of the second, third and fourth quarters of 2025 and 
      first quarter of 2026 to shareholders of record in the month of each 
      quarterly payment as per the table below; 
 
   -- The adoption of the remuneration for the members of the Supervisory 
      Board; 
 
   -- The appointment of Werner Lieberherr, as member of the Supervisory Board, 
      for a three-year term expiring at the end of the 2028 AGM, in replacement 
      of Ms. Janet Davidson whose mandate will expire at the end of the 2025 
      AGM; 
 
   -- The reappointment of Ms. Anna de Pro Gonzalo, as member of the 
      Supervisory Board, for a three-year term to expire at the end of the 2028 
      AGM; 
 
   -- The reappointment of Ms. Hélène Vletter-van Dort, as member of 
      the Supervisory Board, for a three-year term to expire at the end of the 
      2028 AGM; 
 
   -- The appointment of PricewaterhouseCoopers Accountants N.V. as the 
      Company's external auditor for the financial years 2026-2029; 
 
   -- The appointment of PricewaterhouseCoopers Accountants N.V. to audit the 
      Company's sustainability reporting for the financial years 2026-2027, to 
      the extent required by law; 
 
   -- The approval of the stock-based portion of the compensation of the 
      President and CEO; 
 
   -- The approval of the stock-based portion of the compensation of the Chief 
      Financial Officer; 
 
   -- The authorization to the Managing Board, until the conclusion of the 2026 
      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 2026 AGM; 
 
   -- The discharge of the members of the Managing Board; and 
 
   -- The discharge of the members of the Supervisory Board. 

The record date for all shareholders to participate at the Annual General Meeting of Shareholders will be April 30, 2025. The complete agenda and all relevant detailed information concerning the 2025 AGM, as well as all related AGM materials, are available on the Company's website (www.st.com) and made available to shareholders in compliance with legal requirements as of March 27, 2025.

Upon the completion by the Supervisory Board of an on-going nomination and selection process, the Company will further communicate on additional nominations to serve on the Supervisory Board, which will be proposed to the general meeting of shareholders.

As for rule amendments from the Securities and Exchange Commission $(SEC.UK)$ and conforming FINRA rule changes, on US market the standard for settlement is the next business day after a trade or t+1. European settlement rule remains at t+2 for the time being.

The table below summarizes the full schedule for the quarterly dividends:

 
                                                                      Transfer between New 
                                                                      York and Dutch 
                                                                      registered shares 
                                                                      restricted: 
         In Europe                          in NYSE 
Quarter  Ex-dividend  Record     Payment    Ex-dividend  Payment      From End   Until Open 
          Date         Date       Date       and Record   Date: on    of         of Business 
                                             Date         or after    Business   in NY on: 
                                                                      in NY 
                                                                      on: 
Q2 2025  23-Jun-25    24-Jun-25  25-Jun-25  24-Jun-25    1-Jul-25     20-Jun-25  25-Jun-25 
         -----------  ---------  ---------  -----------  ---------    ---------  ----------- 
Q3 2025  22-Sep-25    23-Sep-25  24-Sep-25  23-Sep-25    30-Sep-25    19-Sep-25  24-Sep-25 
         -----------  ---------  ---------  -----------  ---------    ---------  ----------- 
Q4 2025  15-Dec-25    16-Dec-25  17-Dec-25  16-Dec-25    23-Dec-25    12-Dec-25  17-Dec-25 
         -----------  ---------  ---------  -----------  ---------    ---------  ----------- 
Q1 2026  23-Mar-26    24-Mar-26  25-Mar-26  24-Mar-26    31-Mar-26    20-Mar-26  25-Mar-26 
         -----------  ---------  ---------  -----------  ---------    ---------  ----------- 
 

About STMicroelectronics

At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

Further information can be found at www.st.com.

INVESTOR RELATIONS

Jérôme Ramel

EVP Corporate Development & Integrated External Communication

Tel: +41.22.929.59.20

jerome.ramel@st.com

MEDIA RELATIONS

Alexis Breton

Corporate External Communications

Tel: +33.6.59.16.79.08

alexis.breton@st.com

(1) The Annual Report includes the sustainability statement which is prepared based on the general principles of the Corporate Sustainability Reporting Directive $(CSRD.UK)$.

Attachment

   -- C3324C - ST Press Release - Resolutions to be proposed at the 2025 AGM - 
      FINAL FOR PUBLICATION 

(END) Dow Jones Newswires

March 27, 2025 17:40 ET (21:40 GMT)