8-K
filed April 4, 2024, 7:59 PM ET
ticker MMM
CIK 0000066740
other material
confidence high
sentiment neutral
materiality 0.75
3M completes spin-off of health care business; Solventum begins trading as SOLV
3M CO
- One Solventum share issued for every 4 MMM shares held as of March 18, 2024 record date.
- 3M retained 19.9% of Solventum common stock, to be monetized within five years.
- Distribution intended to be tax-free to 3M shareholders for U.S. federal income tax purposes.
- Solventum common stock listed on NYSE under ticker SOLV effective April 1, 2024.
- 3M entered separation agreements including Transition Services, Tax, IP Cross-License, and Supply Agreements.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Transition Distribution Services Agreement with Solventum.
- Action
- entry
- Counterparty
- Solventum
Exact text from the filing
2024 received one share of Solventum common stock for every four shares of 3M common stock held as of such time, subject to the payment of cash in lieu of fractional shares of Solventum common stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Tax Matters Agreement with Solventum.
- Action
- entry
- Counterparty
- Solventum
Exact text from the filing
2024 received one share of Solventum common stock for every four shares of 3M common stock held as of such time, subject to the payment of cash in lieu of fractional shares of Solventum common stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Employee Matters Agreement with Solventum.
- Action
- entry
- Counterparty
- Solventum
Exact text from the filing
2024 received one share of Solventum common stock for every four shares of 3M common stock held as of such time, subject to the payment of cash in lieu of fractional shares of Solventum common stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Separation and Distribution Agreement with Solventum.
- Action
- entry
- Agreement
- supply
- Counterparty
- Solventum
Exact text from the filing
2024 received one share of Solventum common stock for every four shares of 3M common stock held as of such time, subject to the payment of cash in lieu of fractional shares of Solventum common stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Transition Services Agreement with Solventum.
- Action
- entry
- Counterparty
- Solventum
Exact text from the filing
2024 received one share of Solventum common stock for every four shares of 3M common stock held as of such time, subject to the payment of cash in lieu of fractional shares of Solventum common stock.
View on SEC.gov
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