Business Context and Reporting Period
This Form 6-K, dated April 17, 2009, is a report by STMicroelectronics N.V. regarding the main resolutions proposed for the 2009 Annual General Meeting of Shareholders scheduled for May 20, 2009, in Amsterdam. The filing serves to inform shareholders of upcoming governance decisions and dividend distributions.
Key Financial Metrics
The filing references the Company's 2008 net revenues of $9.84 billion. The primary financial action proposed is the distribution of a cash dividend totaling US$0.12 per share. The filing does not provide specific figures for 2008 profit, cash flow, margins, debt, or liquidity within this specific document.
Material Changes and Proposals
- Dividend Proposal: The Supervisory Board proposes a cash dividend of US$0.12 per share, to be paid in four equal quarterly installments.
- Board Reappointment: Proposals include the reappointment of Mr. Doug Dunn and Mr. Didier Lamouche to the Supervisory Board for a three-year term expiring at the 2012 Annual General Meeting.
- Account Approval: Shareholders are asked to approve the 2008 accounts reported in accordance with International Financial Reporting Standards (IFRS).
Guidance, Outlook, and Unusual Items
The filing contains no forward-looking guidance, management commentary on market outlook, or discussion of risks and contingencies beyond the standard procedural details of the shareholder meeting. The document focuses strictly on the mechanics of the dividend payment schedule and the agenda for the Annual General Meeting.
Investor Verification Checklist
- Verify the approval of the 2008 IFRS accounts at the May 20, 2009, Annual General Meeting.
- Confirm the record date for AGM participation is April 28, 2009.
- Note the ex-dividend dates for the first installment: May 25, 2009 (Europe) and May 22, 2009 (NYSE).
- Review the full dividend payment schedule spanning Q2 2009 through Q1 2010.
- Check for any transfer restrictions between New York and Dutch registered shares during the specified windows.