Current Report Filing (8-k)

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Common Stock, Par Value $.01 Per Share

True

 

 

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) [phone]

 

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):

 

o

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

 

o

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

 

o

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

 

o

Pre-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