STMicroelectronics Reports on Resolutions to be Proposed at the 2024 Annual General Meeting of Shareholders

STMicroelectronics Reports on Resolutions to be Proposed
at the 2024 Annual General Meeting of Shareholders

Amsterdam, March 22, 2024 - STMicroelectronics (NYSE: 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 22, 2024.

The resolutions, proposed by the Supervisory Board, are:

• The adoption of the Remuneration Policy for the Supervisory Board;
  
  
• The adoption of the Company's statutory annual accounts for the year ended December 31, 2023, prepared in accordance with International Financial Reporting Standards (IFRS). The 2023 statutory annual accounts were filed with the Netherlands authority for the Financial Markets (AFM) on March 21, 2024 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 2024 and first quarter of 2025 to shareholders of record in the month of each quarterly payment as per the table below;
  
  
• The amendment to the Company’s Articles of Association;
  
  
• The adoption of the Remuneration Policy for the Managing Board;
  
  
• The reappointment of Mr. Jean-Marc Chery as member and Chairman of the Managing Board for a three-year term to expire at the end of the 2027 AGM;
  
  
• The approval of the stock-based portion of the compensation of the President and CEO;
  
  
• The appointment of Mr. Lorenzo Grandi as member of the Managing Board for a three-year term to expire at the end of the 2027 AGM;
  
  
• The approval of the stock-based portion of the compensation of the Chief Financial Officer;
  
  
• The approval of a new 3-year Unvested Stock Award Plan for Management and Key Employees;
  
  
• The reappointment of EY as external auditor for the 2024 and 2025 financial years;
  
  
• The reappointment of Mr. Nicolas Dufourcq, as member of the Supervisory Board, for a three-year term to expire at the end of the 2027 AGM;
  
  
• The reappointment of Ms. Janet Davidson, as member of the Supervisory Board, for a one-year term to expire at the end of the 2025 AGM;
  
  
• The appointment of Mr. Pascal Daloz, as member of the Supervisory Board, for a three-year term expiring at the 2027 AGM, in replacement of Mr. Yann Delabrière whose mandate will expire at the end of the 2024 AGM;