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Common Stock, Par Value $.01 Per Share
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): May 12, 2020

 

3M COMPANY

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   File No. 1-3285   41-0417775
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
         
3M Center, St. Paul, Minnesota       55144-1000
(Address of Principal Executive Offices)       (Zip Code)

 

(Registrant’s Telephone Number, Including Area Code) (651) 733-1110

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, Par Value $.01 Per Share   MMM   New York Stock Exchange, Inc.
    MMM   Chicago Stock Exchange, Inc.
1.500% Notes due 2026   MMM26   New York Stock Exchange, Inc.
Floating Rate Notes due 2020       New York Stock Exchange, Inc.
0.375% Notes due 2022   MMM22A   New York Stock Exchange, Inc.
0.950% Notes due 2023   MMM23   New York Stock Exchange, Inc.
1.750% Notes due 2030   MMM30   New York Stock Exchange, Inc.
1.500% Notes due 2031   MMM31   New York Stock Exchange, Inc.

 

Note: The common stock of the Registrant is also traded on the SWX Swiss Exchange.

 

Securities registered pursuant to section 12(g) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company    ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange Act.     ¨

 

 

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

At the 2020 Annual Meeting of Shareholders of the Company held on May 12, 2020, the votes cast with respect to each item of business properly presented at the meeting are as follows:

 

Proposal No. 1 — The shareholders elected each of the eleven nominees to the Board of Directors for a one-year term by the vote of the majority of votes cast, in accordance with 3M’s Bylaws.

 

   FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
1a. Thomas “Tony” K. Brown   374,356,687    3,080,364    1,602,860    97,291,848 
1b. Pamela J. Craig   374,760,807    2,858,473    1,420,631    97,291,848 
1c. David B. Dillon   374,221,304    3,251,366    1,567,241    97,291,848 
1d. Michael L. Eskew   342,751,713    34,795,184    1,493,014    97,291,848 
1e. Herbert L. Henkel   364,440,289    13,065,368    1,534,254    97,291,848 
1f. Amy E. Hood   373,412,330    4,254,852    1,372,729    97,291,848 
1g. Muhtar Kent   370,399,918    6,485,648    2,154,345    97,291,848 
1h. Dambisa F. Moyo   374,298,689    3,238,870    1,502,352    97,291,848 
1i. Gregory R. Page   352,972,685    24,347,126    1,720,100    97,291,848 
1j. Michael F. Roman   353,958,119    22,054,149    3,027,643    97,291,848 
1k. Patricia A. Woertz   373,315,555    4,362,586    1,361,770    97,291,848 

 

Proposal No. 2 — The shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2020.

 

FOR  AGAINST   ABSTAIN   BROKER NON-VOTE 
448,977,325   19,236,243    8,118,191    N/A 

 

Proposal No. 3 — The shareholders gave an advisory approval of the compensation of the Company’s Named Executive Officers as described in the Company’s 2020 Proxy Statement.

 

FOR   AGAINST   ABSTAIN   BROKER NON-VOTE 
348,415,429   26,297,409    4,327,073    97,291,848 

 

Proposal No.4 — The shareholders did not approve the shareholder proposal on setting target amounts for CEO compensation.*

 

FOR   AGAINST   ABSTAIN   BROKER NON-VOTE 
40,753,759   327,048,839    11,237,313    97,291,848 

 

*Under the General Corporation Law of the State of Delaware, the affirmative “FOR” vote of a majority of those shares present in person or represented by proxy at the meeting and entitled to vote on the matter is required to approve the shareholder proposal. In tabulating the voting result, abstentions and, if applicable, broker non-votes are not counted as votes “FOR” or “AGAINST” the proposal. An abstention will, however, be counted as entitled to vote on a proposal and will, therefore, have the effect of a vote “AGAINST.”  Applying this standard, the percentage in favor of the shareholder proposal is calculated by dividing the number of FOR votes by the sum of the number of FOR, AGAINST and ABSTAIN votes.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  3M COMPANY
   
  By: /s/ Ivan K. Fong
    Ivan K. Fong,
    Senior Vice President, General Counsel & Secretary

 

Dated: May 13, 2020