Royal Philips Electronics (NYSE: PHG, AEX: PHIA) announced that it will propose to the Annual General Meeting of Shareholders (AGM), which will be held on May 3, 2013,  to amend the articles of association of the company to change the name of the company to Koninklijke Philips N.V. (Royal Philips).
 
“Philips is a diversified technology company focused on delivering meaningful innovation in healthcare, energy-efficient lighting and consumer health and well-being,” said Philips Chief Executive Officer Frans van Houten. “Our innovative products, systems and services help improve the lives of billions of people. We believe having Royal Philips as our new company name, will position us well in our endeavor to make the world healthier and more sustainable.”
 
Furthermore, Philips will propose to the Annual General Meeting of Shareholders to re-appoint Ms. Christine Poon, Mr. James Schiro and Mr. Jeroen van der Veer as members of the Supervisory Board. Philips will also propose to amend the Long-Term Incentive Plan for its executives.
 
Additional information on the composition of the Supervisory Board and on Philips' full-year results, which were first presented on January 29, 2013, is included in Philips' 2012 Annual Report published today.
 
Philips’ Annual General Meeting of Shareholders will be held at the Hotel Okura in Amsterdam on May 3, 2013, beginning at 14:00 hours CET.