---
schema_version: "secwatch.filing_event.v1"
accession: "0000066740-24-000023"
form_type: "8-K"
ticker: "MMM"
cik: "0000066740"
company_name: "3M CO"
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:53:57.460175+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 3M board approves spin-off of Health Care business as Solventum; distribution April 1, 2024

## Summary
- Record date March 18, 2024; shareholders receive 1 Solventum share for every 4 MMM shares.
- 80.1% of Solventum distributed; 3M retains 19.9% to be monetized within 5 years.
- Solventum (SOLV) to list on NYSE; when-issued trading begins March 26, 2024.
- Solventum had $8.2B revenue in 2023; Bryan Hanson CEO, Wayde McMillan CFO, Carrie Cox Chair.
- Spin-off intended to be tax-free to 3M shareholders; conditions remain subject to satisfaction.

## SEC filing metadata
- accession: 0000066740-24-000023
- form_type: 8-K
- ticker: MMM
- cik: 0000066740
- company_name: 3M CO
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66740/000006674024000023/0000066740-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66740/000006674024000023/mmm-20240308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066740-24-000023
- JSON: https://secwatch.observer/filing/0000066740-24-000023.json
- Plain text: https://secwatch.observer/filing/0000066740-24-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.