secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0000066740-24-000029
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3M appoints William Brown as CEO effective May 1, 2024; Roman becomes Executive Chairman
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- William M. Brown, former CEO of L3Harris Technologies, appointed 3M CEO effective May 1, 2024.
- Michael Roman transitions to Executive Chairman; will continue to chair the Board.
- Board waived mandatory retirement age of 65 for both Brown and Roman.
- Brown receives base salary of $1.8M, target annual incentive of $3.15M, and hiring bonus of $3M.
- Brown to receive inducement equity awards: $2.5M RSU, $2.5M performance shares, and pro-rata 2024 awards totaling ~$8.67M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000029/0000066740-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000029/mmm-20240308.htm
  HTML page:      https://secwatch.observer/filing/0000066740-24-000029

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