StateMgr.exe
(Microsoft)
Microsofts PC State Manager Stub. STATEMGR, present only in Windows Millennium Edition (Windows ME), is not a Task List item, it is purely a startup item which does its job at Windows boot-up, and then terminates while Windows continues booting up. STATEMGR is part of the Windows MEs System Restore feature and checks on boot-up how much time has elapsed since the last automatic or manual Restore Point and, if necessary, creates a new Restore Point. STATEMGR also checks whether vital Windows system files were overwritten by older files by a recent installation of 3rd party software, and restores them to their previous level when necessary.
Recommendation :
Essential to the proper and safe running of your Windows ME PC leave alone.