GlobeNewswire Inc | May 27, 2021 07:45AM EDT

May 27, 2021

STMicroelectronics Annual General Meeting 2021

Schiphol, May 27, 2021 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the results related to the voting items of its 2021 Annual General Meeting of Shareholders (the 2021 AGM), which was held today in Schiphol, the Netherlands.

The resolutions, approved by the Shareholders, were:

-- The adoption of the Company's statutory annual accounts for the year ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS). The 2020 statutory annual accounts were filed with the Netherlands authority for the Financial Markets (AFM) on March 25, 2021 and are posted on the Companys website (www.st.com) and the AFMs website (www.afm.nl); -- The distribution of a cash dividend of US$ 0.24 per outstanding share of the Companys common stock, to be distributed in quarterly installments of US$ 0.06 in each of the second, third and fourth quarters of 2021 and first quarter of 2022 to shareholders of record in the month of each quarterly payment as per the table below; -- The reappointment of Mr. Jean-Marc Chery as sole member of the Managing Board for a three-year term to expire at the end of the 2024 AGM; -- The reappointment of Mr. Nicolas Dufourcq, as member of the Supervisory Board, for a three-year term to expire at the end of the 2024 AGM; -- The adoption of an amended remuneration policy for the Managing Board, in line with recent changes in Dutch corporate law and the EUs Shareholder Rights Directive II (SRDII); -- The approval of the stock-based portion of the compensation of the President and CEO; -- The adoption of a new 3-year Unvested Stock Award Plan for Management and Key Employees; -- The authorization to the Managing Board, until the end of the 2022 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 2022 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 2021 AGM, as well as all related AGM materials, are available on the Companys website (www.st.com) 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 Companys website (www.st.com) within 30 days following the 2021 AGM.

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

Transfer between New York and Dutch registered shares restricted: Global Payment NYSE From End of Until OpenQuarter Ex-dividend Record Date in Payment Business in of Business Date Date Europe Date: on or Europe on: in NY on: afterQ2 2021 21-Jun-21 22-Jun-21 23-Jun-21 29-Jun-21 21-Jun-21 23-Jun-21Q3 2021 20-Sep-21 21-Sep-21 22-Sep-21 28-Sep-21 20-Sep-21 22-Sep-21Q4 2021 13-Dec-21 14-Dec-21 15-Dec-21 21-Dec-21 13-Dec-21 15-Dec-21Q1 2022 21-Mar-22 22-Mar-22 23-Mar-22 29-Mar-22 21-Mar-22 23-Mar-22

About STMicroelectronicsAt ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 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 the Internet of Things and 5G technology. Further information can be found at www.st.com.

For further information, please contact:INVESTOR RELATIONS:Cline BerthierGroup VP, Investor RelationsTel: +41.22.929.58.12Celine.berthier@st.com

MEDIA RELATIONS:Alexis Breton Corporate External CommunicationsTel: + 33.6.59.16.79.08alexis.breton@st.com

Attachment

-- C3005C - ST Press Release - 2021 POST- AGM PR - 27may2021