Notice Concerning Partial Amendments to the Articles of Incorporation

18 May 2011

TOKYO, Japan, May 18, 2011 — Renesas Electronics Corporation (TSE: 6723) today announced that it has resolved, at its Board of Directors' meeting held on May 18, 2011, to submit a proposal to amend part of its Articles of Incorporation to the 9th Ordinary General Meeting of Shareholders, scheduled to be held on June 28, 2011, as described below.

 

1. Reasons for Amendments

Under the current Articles of Incorporation the Board of Directors is required to elect a Chairman and a President, and the Chairman must convene general meetings of shareholders and act as chairman thereat, unless unable to act in those capacities.

 

To construct a management structure that keeps abreast of changes in the business environment, Renesas Electronics will propose to amend the relevant sections of the current Articles of Incorporation to allow a Representative Director previously determined by the Board of Directors to serve as convener and chairman of the general meetings of shareholders.

 

2. Contents of Amendments

Refer to the attachment for the contents of amendments.

 

3. Schedule

  • Date of General Meeting of Shareholders for amendments to the Articles of Incorporation: June 28, 2011

 

  • Effective date of the amended Articles of Incorporation: June 28, 2011

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.


The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.