3M held its Annual Meeting of Shareholders on May 11, and highlighted how the company has fought the pandemic from all angles, delivered strong performance for shareholders, strengthened its commitment to sustainability, and positioned itself for future growth.

“I am proud of how 3M has stepped up to help meet the extraordinary challenges facing the world,” said Mike Roman, 3M chairman and chief executive officer. “Last year, we stepped up to do our part in fighting the pandemic, while innovating for customers, accelerating our sustainability efforts, advancing our values and building for the future. As we navigate global uncertainty resulting from COVID-19, we are confident 3M’s deep competitive advantages position us for a strong 2021. We continue to prioritize investments in growth, productivity and sustainability, while delivering for our customers and shareholders.”

Preliminary Shareholder Voting Results

3M shareholders voted on six items of business.

  1. Shareholders elected 12 directors for one-year terms that expire at the company’s 2022 Annual Meeting:
    • Thomas “Tony” K. Brown, retired group vice president, Global Purchasing, Ford Motor Company
    • Pamela J. Craig, retired chief financial officer, Accenture plc
    • David B. Dillon, retired chairman of the board and CEO of The Kroger Co.
    • Michael L. Eskew, retired chairman of the board and CEO, United Parcel Service Inc.
    • James R. Fitterling, chairman of the board and CEO, Dow Inc.
    • Herbert L. Henkel, retired chairman of the board and CEO, Ingersoll-Rand plc
    • Amy E. Hood, executive vice president and chief financial officer, Microsoft Corporation
    • Muhtar Kent, retired chairman of the board and CEO, The Coca-Cola Company
    • Dambisa F. Moyo, founder and CEO, Mildstorm LLC
    • Gregory R. Page, retired chairman of the board and CEO, Cargill, Incorporated
    • Michael F. Roman, chairman of board and CEO, 3M Company
    • Patricia A. Woertz, retired chairman of the board and CEO, Archer-Daniels-Midland Company
  1. Shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2021.
  2. Shareholders approved, on an advisory basis, executives’ compensation as described in the proxy statement.
  3. Shareholders approved the amendment and restatement of 2016 Long-Term Incentive Plan.
  4. Shareholders did not approve the shareholder proposal to set target amounts for CEO compensation.
  5. Shareholders did not approve the shareholder proposal on transitioning to a public benefit corporation.

3M will disclose the final voting results on each item of business properly presented at the Annual Meeting on Form 8-K to be filed with the SEC.

Source: 3M