UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
Report
on Form 6-K dated April 19, 2010
Commission
File Number: 1-13546
STMicroelectronics
N.V.
(Name of
Registrant)
39,
Chemin du Champ-des-Filles
1228
Plan-les-Ouates, Geneva, Switzerland
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Yes o No x
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Yes o No x
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- __________
Enclosure: A
press release dated April 19, 2010 announcing that STMicroelectronics’
Supervisory Board resolves to submit to the Company’s Annual General Meeting a
proposal to increase the annual cash dividend to US$0.28 per share.
PR No.
C2625C
STMicroelectronics
Supervisory Board Resolves to Submit to the Company’s
Annual
General Meeting a Proposal to Increase
Annual
Cash Dividend to US$0.28 per Share
Geneva, April 19,
2010 – The Supervisory Board of STMicroelectronics (NYSE:STM) approved the
management proposal to submit to the forthcoming 2010 Annual General Meeting of
Shareholders the distribution of an annual cash dividend of US$0.28
per outstanding share of the Company’s common stock, payable in four equal
quarterly installments. The proposed dividend equals a 2.7% yield on the Company’s
share price at closing on Friday, April 16, on the NYSE.
The
proposal will be submitted for shareholder approval at the Company’s Annual
General Meeting, which will be held in Amsterdam on May 25, 2010. Upon approval,
the dividends will be paid in four equal quarterly installments in June, August
and December 2010, and February 2011 to shareholders of record in the month of
each quarterly payment. The first payment date will be on June 3 for the
European stock exchanges and on June 8 for the NYSE. (For additional details on the
dividend payment and ex-dividend dates, please refer to the Company
Website).
The
Company’s annual cash dividend of US$0.28 per share, as proposed, is
significantly higher than the annual dividend of US$0.12 per share declared last
year.
“Last
year we were obliged to significantly reduce our dividend as a responsible and
temporary measure in reaction to the severe recession,” said Carlo Bozotti,
President and CEO of STMicroelectronics. “Despite the recession our financial
position has substantially improved. Now, a strong financial foundation,
confidence in the Company’s ability to generate solid free cash flow and the
expected proceeds of our product portfolio reshaping allow ST to increase the
dividend and to reward our shareholders for their investment and trust in the
Company.”
Some
of the statements contained in this release that are not historical facts are
statements of future expectations and other forward-looking statements (within
the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities Exchange Act of 1934, each as amended) based on management’s current
views and assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those in such statements. Such forward-looking statements can be identified by
the use of forward-looking terminology such as “believes,” “may,” “will,”
“should,” “would be” or “anticipates” or similar expressions or the negative
thereof or other variations thereof, or by discussions of strategy, plans or
intentions. Some of the risk factors we face are set forth and are discussed in
more detail in “Item 3. Key Information—Risk Factors” included in our Annual
Report on Form 20-F for the year ended December 31, 2009, as filed with the SEC
on March 10, 2010. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in this release as anticipated,
believed or expected. We do not intend, and do not assume any obligation, to
update any information or forward-looking statements set forth in this release
to reflect subsequent events or circumstances.
About
STMicroelectronics
STMicroelectronics
is a global leader serving customers across the spectrum of electronics
applications with innovative semiconductor solutions. ST aims to be the
undisputed leader in multimedia convergence and power applications leveraging
its vast array of technologies, design expertise and combination of intellectual
property portfolio, strategic partnerships and manufacturing strength. In 2009,
the Company’s net revenues were $8.51 billion. Further information on ST can be
found at www.st.com.
For further information,
please contact:
INVESTOR
RELATIONS:
Tait
Sorensen
Director,
Investor Relations
Tel: +1
602 485 2064
tait.sorensen@st.com
MEDIA
RELATIONS:
Maria
Grazia
Prestini
Group VP,
Corporate Media and Public Relations
STMicroelectronics
Tel: + 41
22 929 6945
mariagrazia.prestini@st.com
(attachment
to PR No. C2625C)
STMicroelectronics
Supervisory Board Resolves to Submit to the Company’s Annual General Meeting a
Proposal to Increase Annual Cash Dividend to US$0.28 per Share
The
table below summarizes the full schedule for the four installments for the
dividend :
Quarter
|
Ex-dividend
Date
(globally)
|
Global
Record
Date
|
Payment
Date
in
Europe
|
NYSE
Payment
Date:
on or
after
|
Transfer
between New York
and
Dutch registered shares
restricted:
|
|
|
|
|
|
From
End of Business in Europe on:
|
Until
Open of Business in NY on:
|
Q2
2010
|
31-May-10*
(28-May-10
in NY)**
|
2-June-10
|
3-June-10
|
8-June-10
|
28-May-10
|
3-June-10
|
Q3
2010
|
23-Aug-10
|
25-Aug-10
|
26-Aug-10
|
31-Aug-10
|
20-Aug-10
|
26-Aug-10
|
Q4
2010
|
29-Nov-10
|
1-Dec-10
|
2-Dec-10
|
7-Dec-10
|
26-Nov-10
|
2-Dec-10
|
Q1
2011
|
21-Feb-11
(18-Feb-11
in NY)**
|
23-Feb-11
|
24-Feb-11
|
1-Mar-11
|
18-Feb-11
|
24-Feb-11
|
*Since
the Annual General Meeting will be held on May 25, the Company will be unable to
both set the ex-dividend date for, and to pay, the first dividend installment in
May according to the usual schedule, and has therefore resolved, in coordination
with the stock exchange and with a view to ensuring the appropriate functioning
of the market for its shares from a substantive standpoint, to pay such
installment on June 3 with an ex-dividend date on May 31 (May 28 in NY). Other
than as indicated below, the ex-dividend and payment dates for the subsequent
installments are consistent with the usual schedule.
**May 31,
2010 and February 21, 2011 are not trading days on the New York Stock
Exchange.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, STMicroelectronics N.V. has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
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STMicroelectronics
N.V.
|
|
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Date:
April 19,
2010
|
By:
|
/s/
Carlo
Ferro |
|
|
Name: |
Carlo
Ferro |
|
|
Title: |
Executive
Vice President and
Chief
Financial Officer
|
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