secwatch / observer

3M CO — fact timeline

Source-grounded facts extracted from 3M CO's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MMM 3M CO JSON

Jennifer W. Rumsey was elected as Director at 3M CO.

“On June 5, 2026, the 3M Company (“3M”) Board of Directors (“Board”) elected Jennifer W. Rumsey to 3M’s Board and appointed Ms. Rumsey to the Science, Technology and Sustainability Committee of the Board, each effective June 5, 2026.”
Shareholder Votes

3M CO shareholders approved Advisory vote on the compensation of the Company’s named executive officers at the 2026-05-12 meeting.

“Proposal No. 3 — The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers. FOR AGAINST ABSTAIN BROKER NON-VOTE 342,396,161 19,808,604 2,199,077 71,690,731”
Shareholder Votes

3M CO shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-05-12 meeting.

“Proposal No. 2 — The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026. FOR AGAINST ABSTAIN BROKER NON-VOTE 412,885,060 21,557,112 1,652,401 N/A”
Shareholder Votes

3M CO shareholders approved Election of ten nominees to the Board of Directors for a one-year term at the 2026-05-12 meeting.

“Proposal No. 1 — The shareholders elected each of the ten nominees to the Board of Directors for a one-year term. 1a. David P. Bozeman 360,627,598 2,972,290 803,954 71,690,731”
Material Agreements

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.”
Earnings Releases

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.”
Earnings Releases

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.”
Shareholder Votes

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.”
Shareholder Votes

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.”
Shareholder Votes

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.”
Shareholder Votes

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.”
Earnings Releases

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).”
M&A Transactions

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.”
Material Agreements

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.”
Material Agreements

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.”
Material Agreements

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.”
Material Agreements

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.”
Material Agreements

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.”

Michael F. Roman was appointed as executive chairman at 3M CO.

“appointed Michael F. Roman as executive chairman of the Board of Directors, also effective May 1, 2024”

William M. Brown was appointed as chief executive officer at 3M CO.

“appointed William M. Brown chief executive officer, effective May 1, 2024”
Material Agreements

3M CO amended Amendment with Aearo Technologies LLC (together with certain of its related entities, the "Aearo Entities") valued at $1 billion (effective 2024-01-26).

“On January 26, 2024, 3M and the Aearo Entities entered into an amendment (the “Amendment”) to the settlement arrangement pursuant to which 3M has irrevocably elected to pay cash for the $1 billion in payments that, under the Settlement, could have been paid either in cash or in stock at its sole discretion.”
Earnings Releases

3M CO reported financial results for fourth-quarter 2023.

“On January 23, 2024, 3M Company issued a press release reporting fourth-quarter and full-year 2023 financial results and provided its 2024 financial outlook (attached hereunder as Exhibit 99.1 and incorporated herein by reference).”

Jeff Lavers departed as group president, Health Care Business Group at 3M CO.

“3M Company (the “Company”) announced today that, in conjunction with the planned spin-off of the Company’s Health Care Business, Jeff Lavers, group president, Health Care Business Group, will depart from the Company, effective December 1, 2023.”

Thomas Sweet was elected as Director at 3M CO.

“On November 6, 2023, the Board of Directors of 3M Company (the “Company”) elected Thomas Sweet to the Company’s Board of Directors, effective November 6, 2023.”
Earnings Releases

3M CO updated its third quarter 2023 guidance (raised).

“On October 24, 2023, 3M Company issued a press release reporting third quarter 2023 financial results and increasing full-year adjusted earnings and cash flow expectations”
Material Agreements

3M CO amended Amendment No. 2 to the Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders valued at $4.25 billion five-year revolving credit agreement (effective 2023-09-18).

“On September 18, 2023, 3M Company (the "Company") entered into Amendment No. 2 to the Credit Agreement (the "Amendment"), amending the Company’s $4.25 billion five-year revolving credit agreement, dated May 11, 2023 (as amended from time to time, the "Credit Agreement"), with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders party thereto.”
Material Agreements

3M CO entered into Settlement with claimants valued at $6.01 billion (effective 2023-08-29).

“On August 29, 2023 , 3M Company (“3M” or the “Company”) and 3M’s wholly-owned subsidiary Aearo Technologies LLC (together with certain of its related entities, the “Aearo Entities”) entered into a settlement arrangement (the “Settlement”) which is structured to promote participation by claimants and is intended to resolve, to the fullest extent possible, all litigation and alleged claims involving the Combat Arms Earplugs (CAE) sold or manufactured by the Aearo Entities and/or 3M, including claims that are part of multi-district litigation (MDL) in the Northern District of Florida and, separately, claims in the coordinated state court action in Minnesota, as well as potential future claims.”

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

“The Board of Directors of 3M Company (the Company) has appointed Monish Patolawala as 3M President and Chief Financial Officer of the Company, effective September 1, 2023.”

Audrey Choi was elected as Director at 3M CO.

“On August 9, 2023, the Board of Directors of 3M Company (the “Company”) elected Audrey Choi to the Company’s Board of Directors, effective August 9, 2023.”
Earnings Releases

3M CO reported second quarter 2023 results: revenue $8,325, EPS $(12.35). Guidance raised.

“per share. • Adjusted operating income margin of 19.3% includes a 2.7 percentage point headwind from pre-tax restructuring charges. GAAP Adjusted (Non-GAAP) Net sales (Millions) $8,325 $7,993 Sales change Total sales (4.3)% (4.7)% Components of sales change: Organic sales 1 (2.2)% (2.5)% Acquisitions/divestitures (1.2)% (1.3)% Translation (0.9)% (0.9)% Adjusted”
Material Agreements

3M CO amended Amendment No. 1 to the Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders party thereto valued at $4.25 billion (effective 2023-07-07).

“On July 7, 2023, 3M Company (the “Company”) entered into Amendment No. 1 to the Credit Agreement (the “Amendment”), amending the Company’s $4.25 billion five-year revolving credit agreement, dated May 11, 2023 (the “Credit Agreement”), with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders party thereto.”
Material Agreements

3M CO entered into Proposed Class-Action Settlement Regarding PFAS Drinking Water Claims with Class members comprising public water systems in the United States valued at $10.5 billion to $12.5 billion (effective 2023-06-22).

“On June 22, 2023, 3M Company (“3M”) entered into a proposed class-action settlement (“Settlement”) to resolve a wide range of drinking water claims by public water systems (“PWS”) in the United States regarding any per- or poly-fluoroalkyl substance (“PFAS”), subject to court approval.”

Michael G. Vale was terminated as Group President and Chief Business and Country Officer at 3M CO.

“Michael G. Vale, Group President and Chief Business and Country Officer, has been terminated for cause from 3M Company (the Company), effective May 12, 2023.”
Debt Financings

3M CO incurred revolving credit of $4.25 billion with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders at 0.04% per annum on unused commitments maturing fifth anniversary of the Effective Date.

“On May 11, 2023 (the “Effective Date”), 3M Company (the “Company”) entered into a new $4.25 billion five-year revolving credit agreement (the “Facility”) with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders as defined in the Facility.”
Material Agreements

3M CO terminated Former Facilities (effective 2023-05-11).

“as administrative agent, as well as the $1.25 billion, 364-day credit agreement (the “Former 364-Day Facility” and, together with the Former Revolving Facility, the “Former Facilities”) dated as of November 10, 2022, among the Company, the lenders named therein and JPMorgan Chase Bank, N.A.”
Material Agreements

3M CO entered into Facility with JPMorgan Chase Bank, N.A., Citibank, N.A., Deutsche Bank Securities Inc., Bank of America, N.A., and a syndicate of lenders valued at $4.25 billion (effective 2023-05-11).

“On May 11, 2023 (the “Effective Date”), 3M Company (the “Company”) entered into a new $4.25 billion five-year revolving credit agreement (the “Facility”) with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders as defined in the Facility.”
Shareholder Votes

3M CO shareholders approved Non-binding vote on frequency of advisory votes on executive compensation at the 2023-05-09 meeting.

“Proposal No. 4 — The shareholders cast non-binding votes on the frequency (whether annual, biennial or triennial) with which the Company should offer shareholders the opportunity to cast future advisory votes on the compensation of its named executive officers. A plurality of shareholders favored an annual advisory vote on the Company’s executive compensation. Based on the Board of Directors’ recommendation in the Proxy Statement and the voting results, the Company has determined to hold an advisory vote on executive compensation annually. ONE YEAR TWO YEARS THREE YEARS ABSTAIN BROKER NON-VOTE 346,726,199 1,045,246 7,201,809 2,097,277 90,743,308”
Shareholder Votes

3M CO shareholders approved Advisory approval of the compensation of Named Executive Officers at the 2023-05-09 meeting.

“Proposal No. 3 — The shareholders gave an advisory approval of the compensation of the Company’s Named Executive Officers as described in the Company’s 2023 Proxy Statement. FOR AGAINST ABSTAIN BROKER NON-VOTE 310,246,072 44,272,594 2,551,865 90,743,308”
Shareholder Votes

3M CO shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2023 at the 2023-05-09 meeting.

“Proposal No. 2 — The shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2023. FOR AGAINST ABSTAIN BROKER NON-VOTE 417,673,696 28,447,896 1,692,247 N/A”
Shareholder Votes

3M CO shareholders approved Election of ten nominees to the Board of Directors for a one-year term at the 2023-05-09 meeting.

“Proposal No. 1 — The shareholders elected each of the ten 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. FOR AGAINST ABSTAIN BROKER NON-VOTE 1a. Thomas “Tony” K. Brown 339,389,340 16,309,968 1,371,223 90,743,308 1b. Anne H. Chow 350,301,386 5,489,057 1,280,088 90,743,308 1c. David B. Dillon 345,135,848 10,570,432 1,364,251 90,743,308 1d. Michael L. Eskew 333,634,175 22,054,132 1,382,224 90,743,308 1e. James R. Fitterling 341,444,351 14,239,499 1,386,681 90,743,308 1f. Amy E. Hood 347,184,179 8,619,896 1,266,456 90,743,308 1g. Suzan Kereere 347,574,118 8,210,145 1,286,268 90,743,308 1h. Gregory R. Page 316,815,455 38,863,352 1,391,724 90,743,308 1i. Pedro J. Pizarro 350,741,243 4,950,815 1,378,473 90,743,308 1j. Michael F. Roman 330,184,452 24,794,642 2,091,437 90,743,308”

Michael G. Vale was appointed as Group President and Chief Business and Country Officer at 3M CO.

“The Board of Directors of 3M Company (the Company) has appointed Michael G. Vale as the Company’s Group President and Chief Business and Country Officer, a new role on the Company’s Corporate Operations Committee, reporting to Chairman of the Board and Chief Executive Officer Michael F. Roman, effective April 25, 2023.”
Earnings Releases

3M CO reported First-Quarter 2023 results: revenue $8.0 billion, EPS $1.76. Guidance reaffirmed.

“First-Quarter Highlights: • Company reports GAAP earnings per share of $1.76. • Adjusted earnings per share of $1.97, excluding the impact of special items. Q1 2023 Q1 2022 GAAP EPS $ 1.76 $ 2.26 Special items 0.21 0.37 Adjusted EPS $ 1.97 $ 2.63 Memo: GAAP operating income margin 15.4 % 18.6 % Adjusted operating income margin 17.9 % 22.0 % See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. • Sales of $8.0 billion, down 9.0 percent year-on-year”
Governance Changes

3M CO: Amended and restated bylaws to add universal proxy card requirements, beneficial ownership definition, and related nomination procedures, effective February 7, 2023 (effective 2023-02-07).

“On February 7, 2023, the Board of Directors (the “Board”) of 3M Company (the “Company”) approved amended and restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective as of such date.”

Pedro Pizarro was elected as Director at 3M CO.

“On February 7, 2023, the Board of Directors of 3M Company (the “Company”) elected Anne Chow and Pedro Pizarro to the Company’s Board of Directors, effective February 9, 2023.”

Anne Chow was elected as Director at 3M CO.

“On February 7, 2023, the Board of Directors of 3M Company (the “Company”) elected Anne Chow and Pedro Pizarro to the Company’s Board of Directors, effective February 9, 2023.”
Earnings Releases

3M CO reported Full Year 2023 results: EPS $8.50 to $9.00 adjusted earnings per share. Guidance initiated.

“Full-Year 2023 Outlook 3M's full-year expectations for 2023 include the following: • -6 to -2 percent adjusted total sales growth^ reflecting the following: ◦ -3 percent to flat adjusted organic sales growth^, includes -2 percentage point impact from disposable respirator decline and exit of Russia ◦ -2 to -1 percent adjusted foreign currency translation impact^ ◦ -1 percent adjusted divestiture impact^ • Adjusted earnings per share^ of $8.50 to $9.00, versus 2022 of $9.88 on a comparable basis ◦ 2023 adjusted earnings per share include -$0.55 to -$0.80 of combined year-on-year headwinds from the decline in disposable respirator demand, exit of Russia, foreign currency translation, and divestitures”
Earnings Releases

3M CO reported Full Year 2022 results: revenue $34.2 billion, EPS $10.18 GAAP earnings per share, $10.10 adjusted earnings per share.

“Full-Year Highlights: Full Year 2022 Full Year 2021 GAAP EPS $ 10.18 $ 10.12 Special Items (0.08) 0.61 Adjusted EPS $ 10.10 $ 10.73 Memo: GAAP operating income margin 19.1 % 20.8 % Adjusted operating income margin 20.8 % 22.2 % See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. • Sales of $34.2 billion, down 3 percent year-on-year, which included impacts of negative 1 percent from divestitures and negative 4 percent from foreign currency translation due to strength of U.S. dollar.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.