Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated March 13, 2003. The report discloses the outcome of the Annual General Shareholders' Meeting held on March 12, 2003, in Amsterdam. STMicroelectronics is described as one of the world's three largest independent semiconductor suppliers, focusing on System-on-Chip (SoC) technology.
Key Financial Metrics
The filing provides historical financial data for the fiscal year 2002 but does not contain specific financial statements for the current reporting period (Q1 2003).
- 2002 Net Revenues: $6.32 billion
- 2002 Net Earnings: $429.4 million
- Approved Dividend: $0.08 per share
The filing text does not provide a clear value for current period revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The primary material change disclosed is the approval of a cash dividend of $0.08 per share. This represents a 100% increase compared to the prior year's dividend payment level.
Guidance, Outlook, and Unusual Items
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of specific risks and contingencies beyond the standard corporate description. The document focuses exclusively on the shareholder approval of the dividend and the associated logistical dates for payment and ex-dividend trading.
- Ex-Dividend Date: April 22, 2003 (all exchanges)
- Payment Date (NYSE): April 29, 2003
- Payment Date (Euronext Paris/Milan): April 22, 2003
- Record Date (US): April 24, 2003
Investor Verification Checklist
- Verify the ex-dividend date of April 22, 2003, to ensure eligibility for the $0.08 per share payment.
- Confirm the specific payment date based on the exchange where shares are held (April 22 for European exchanges; April 29 for NYSE).
- Note the transfer closure period between New York and European registered shares from April 17, 2003, through April 24, 2003.
- Review the 2002 full-year financial results ($6.32B revenue, $429.4M earnings) as the baseline for the dividend increase.