STMicroelectronics Shareholders Approve All Resolutions

(RTTNews) - STMicroelectronics (STM) announced that all of the proposed resolutions were adopted at the Company's Annual General Meeting of Shareholders, which was held today in Amsterdam, the Netherlands.

The shareholders adopted the company's Statutory Annual Accounts for the year ended December 31, 2014; The appointment of Mr. Nicolas Dufourcq as a new member of the Supervisory Board, for a three-year term expiring at the 2018 AGM, in replacement of Jean d'Arthuys whose mandate terminated as of the 2015 AGM.

The shareholders also approved the distribution of a cash dividend of US$0.40 per outstanding share of the Company's common stock, to be distributed in quarterly installments of US$0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record in the month of each quarterly payment.

The shareholders approved the reappointment of Martine Verluyten as a member of the Supervisory Board, for a three-year term expiring at the 2018 AGM; and approved thr appointment of Ernst & Young Accountants LLP as the Company's external auditor for the 2016-2019 financial years, as required by the new Dutch law which currently imposes an eight-year audit firm rotation period.