secwatch.observer — SEC 8-K summary
======================================

Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000066740-24-000088
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3M appoints Anurag Maheshwari as CFO effective September 1, 2024
----------------------------------------------------------------

- Anurag Maheshwari named EVP & CFO, starting Sept 1; previously CFO of Otis Worldwide.
- Teri Reinseth appointed Interim CFO effective Aug 1 until Maheshwari assumes role.
- Base salary $1,050,000; target annual incentive $1,155,000; hiring bonus $3,150,000.
- Equity awards: $4.5M make-whole RSU (3-yr vest), $666,667 pro rata RSU and PSA each.
- Relocation to Minneapolis-St. Paul required; severance under executive plan provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000088/0000066740-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000088/mmm-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000066740-24-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer