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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2001
STMicroelectronics N.V.
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(Translation of registrant's name into English)
Route de Pre-Bois, ICC Bloc A, 1215 Geneva 15, Switzerland
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(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
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[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 No X
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[If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82-______]
Enclosures:
Press Release dated September 24, 2001 announcing STMicroelectronics'
plans to initiate a stock repurchase program.
[STMicroelectronics Logo]
PRESS RELEASE
COMMUNIQUE DE PRESSE
COMMUNICATO STAMPA
PRESSEINFORMATION
STMicroelectronics to Initiate Stock Repurchase Program
Geneva, September 24, 2001 - STMicroelectronics (NYSE: STM) announced today that
it plans to buy back up to 5 million shares of its outstanding common stock. The
repurchased shares will be allocated to fund the Company's most recent employee
stock option plan, which was approved at its Annual General Meeting on April
25th 2001.
The implementation of the share purchase program, which is expected to begin
immediately, has been entrusted to a financial institution which will at all
times act independently from the Company. Share purchases may be made from time
to time, on the open market, through block trades or otherwise, depending on
market conditions or other factors. The repurchase program may be suspended at
any time or from time to time, without prior notice.
Initiating its first stock repurchase program, the Company cited management's
confidence in ST's fundamental strength and its continued commitment to building
shareholder value.
About STMicroelectronics
STMicroelectronics is the world's third largest independent semiconductor
company. The Company shares are traded on the New York Stock Exchange, on
Euronext Paris and on the Milan Stock Exchange. The Company designs, develops,
manufactures and markets a broad range of semiconductor integrated circuits
(ICs) and discrete devices used in a wide variety of microelectronic
applications, including telecommunications systems, computer systems, consumer
products, automotive products and industrial automation and control systems. In
2000, the Company's net revenues were $7,813.2 million and net earnings were
$1,452.1 million. Further information on ST can be found at www.st.com.
For further information, please contact:
STMicroelectronics Benoit de Leusse
Maria Grazia Prestini Investor Relations Manager Europe
Director, Corporate Media Relations Tel. +33.4.50.40.24.30
Tel. +39.039.603.59.01 Fax +33.4.50.40.25.80
Tel. +33.4.50.40.25.32 benoit.de-leusse@st.com
mariagrazia.prestini@st.com
Morgen-Walke Europe
Lorie Lichtlen Jean-Benoit Roquette/Nicole Curtin
Media Relations Investor Relations
Tel. +33.1.47.03.68.10 Tel. +33.1.47.03.68.10
Fax +33.1.47.03.93.38 jbroquette@mweurope.com /
llichtlen@mweurope.com ncurtin@weurope.com
SIGNATURE
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.
Date: September 24, 2001 STMicroelectronics N.V.
By: /s/ Pasquale Pistorio
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Name: Pasquale Pistorio
Title: President and Chief
Executive Officer