3M CO — fact timeline

3M CO entered into Credit Agreement with Morgan Stanley Senior Funding, Inc., Citibank, N.A., U.S. Bank National Association, and certain financial institutions as lenders valued at a $1.43 billion term loan facility (effective 2026-04-30).

“On April 30, 2026 (the “Effective Date”), 3M Company (the “Company”) and its indirect subsidiary Fire Safety Platform Holdco, Inc. (the “Borrower”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as administrative agent, sole lead arranger and sole bookrunner, Citibank, N.A. and U.S. Bank National Association as co-syndication agents, and certain financial institutions as lenders.”

3M CO reported full-year 2026 results: EPS $8.50 to $8.70. Guidance reaffirmed.

“Adjusted EPS 1 in the range of $8.50 to $8.70.”

3M CO reported first-quarter 2026 results: revenue $6.0 billion, EPS $1.23. Guidance reaffirmed.

“Q1 GAAP sales of $6.0 billion, up 1.3%; operating margin of 23.2%, up 230 bps; EPS of $1.23, down 40%, all YoY”

Peter Gibbons departed as Group President, Enterprise Supply Chain at 3M CO.

“Peter Gibbons, Group President, Enterprise Supply Chain, has announced his intention to retire from 3M Company, effective April 2, 2025.”

Anurag Maheshwari was appointed as Executive Vice President and Chief Financial Officer at 3M CO.

“the Board of Directors of the Company has appointed Anurag Maheshwari as the Company’s Executive Vice President and Chief Financial Officer, effective September 1, 2024.”

Monish Patolawala departed as President and Chief Financial Officer at 3M CO.

“Monish Patolawala, President and Chief Financial Officer, has announced his intention to resign f rom 3M Company, effective July 31, 2024.”

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

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

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

“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.”

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

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 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.”

3M CO updated its first-quarter guidance (reaffirmed).

“On April 30, 2024, 3M Company issued a press release reporting first-quarter financial results and initiating its full-year 2024 guidance reflecting completion of Solventum spin (attached hereunder as Exhibit 99.1 and incorporated herein by reference).”

3M CO completed a disposition involving Solventum Corporation for pro rata distribution of 80.1% of Solventum common stock to 3M stockholders (closed 2024-04-01).

“On April 1, 2024, 3M Company (“3M”) completed the previously announced separation of its health care business (the “Separation”) through the pro rata distribution of 80.1% of the issued and outstanding shares of common stock, par value $0.01 per share, of Solventum Corporation (“Solventum”) to 3M stockholders (the “Distribution”), in accordance with the Separation and Distribution Agreement, dated March 31, 2024, by and between 3M and Solventum, which is included as Exhibit 2.1 to this Current Report on Form 8-K.”

3M CO entered into Transition Distribution Services Agreement with Solventum.

“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.”

3M CO entered into Employee Matters Agreement with Solventum.

“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.”

3M CO entered into Tax Matters Agreement with Solventum.

“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.”

3M CO entered into Transition Services Agreement with Solventum.

“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.”

3M CO entered into Separation and Distribution Agreement with Solventum.

“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.”