STMicroelectronics shareholders approve all resolutions at AGM

Semiconductor company STMicroelectronics said that all of the proposed resolutions were adopted at the company's annual general meeting of shareholders or AGM, which was held in Amsterdam, the Netherlands.

The main resolutions approved by the shareholders include adoption of the company's statutory annual accounts for the year ended December 31, 2016, and the distribution of a cash dividend of $0.24 per outstanding share of the company's common stock to be distributed in quarterly instalments of $0.06 in each of the second, third and fourth quarters of 2017 and first quarter of 2018.

In addition, shareholders approved the appointment of Frederic Sanchez as a new member of the supervisory board for a three-year term expiring at the 2020 AGM as well as the reappointment of the following members of the Supervisory Board for a three-year term till the 2020 AGM – Heleen Kersten, Jean-Georges Malcor, Alessandro Rivera and Maurizio Tamagnini.