3M shareholders reject say-on-pay; all 12 directors elected at annual meeting

3M CO

All 12 board nominees elected with majority support; Thomas Brown received lowest FOR votes at 321,985,620.
Ratification of PwC as auditor passed with 409,951,992 FOR votes (93.6% of votes cast).
Advisory vote on executive compensation failed: 153,684,148 FOR vs 185,471,337 AGAINST (not approved).
Shareholder proposal on enhanced share ownership policy failed with 16,372,119 FOR vs 320,915,147 AGAINST.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

3M CO shareholders approved Election of twelve nominees to the Board of Directors for a one-year term at the 2024-05-14 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-14

Exact text from the filing

Proposal No. 1 — The shareholders elected each of the twelve 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.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

3M CO shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-05-14 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-14

Exact text from the filing

Proposal No. 2 — The shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

3M CO shareholders rejected Advisory vote on compensation of Named Executive Officers at the 2024-05-14 meeting.

Proposal: say on pay
Outcome: failed
Meeting: 2024-05-14

Exact text from the filing

Proposal No. 3 — The shareholders did not approve, on an advisory basis, the compensation of the Company’s Named Executive Officers as described in the Company’s 2024 Proxy Statement.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

3M CO shareholders rejected Shareholder proposal on enhanced share ownership policy at the 2024-05-14 meeting.

Outcome: failed
Meeting: 2024-05-14

Exact text from the filing

Proposal No.4 — The shareholders did not approve the shareholder proposal on enhanced share ownership policy.

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63 shareholder votes filed in the last 30 days. Browse all shareholder votes →

3M CO filing history →

Source: SEC EDGAR

accession 0000066740-24-000058

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