3M Annual Meeting Highlights Progress on Strategic Priorities, Improving Execution
"In 2023, we took significant action to improve our performance across our businesses and our operational execution. Our results demonstrate the positive impact of the changes we have made over the last several years, " said 3M executive chairman
Preliminary Shareholder Voting Results
3M shareholders today voted on four business items:
1) Shareholders elected 12 directors for one-year terms that expire at the company's 2025 Annual Meeting:
- Thomas "Tony"
K. Brown , retired group vice president, Global Purchasing, Ford Motor Company - William M. "Bill" Brown, chief executive officer,
3M Company -
Audrey Choi , retired chief sustainability officer and chief marketing officer, Morgan Stanley -
Anne H. Chow , retired chief executive officer, AT&T Business -
David B. Dillon , retired chairman of the board and chief executive officer, The Kroger Co. -
James R. Fitterling , chairman of the board and chief executive officer, Dow Inc. -
Amy E. Hood , executive vice president and chief financial officer, Microsoft Corporation - Suzan Kereere, president, global markets, PayPal
-
Gregory R. Page , retired chairman of the board and chief executive officer,Cargill -
Pedro J. Pizarro , president and chief executive officer and director, Edison International -
Michael F. Roman , executive chairman and former chief executive officer,3M Company -
Thomas W. Sweet , retired chief financial officer, Dell Technologies
2) Shareholders ratified the appointment of
3) Approval, on an advisory basis, of executives' compensation as described in the proxy statement did not receive the requisite number of favorable votes.
4) Shareholders did not approve a shareholder proposal on an enhanced share ownership policy.
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
With respect to the proposal to approve, on an advisory basis, the Company's executive compensation as described in the proxy statement, the Board of Directors takes the results of the annual advisory vote seriously.
Forward-Looking Statements
This news release contains forward-looking statements. You can identify these statements by the use of words such as "plan," "expect," "aim," "believe," "project," "target," "anticipate," "intend," "estimate," "will," "should," "could," "would," "forecast" and other words and terms of similar meaning. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions and other factors beyond the Company's control, including inflation, recession, military conflicts, and natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) foreign currency exchange rates and fluctuations in those rates; (3) liabilities and the outcome of contingencies related to certain fluorochemicals; known as "PFAS," including liabilities related to claims, lawsuits, and government regulatory proceedings concerning various PFAS-related products and chemistries, as well as risks related to the Company's plans to exit PFAS manufacturing and discontinue use of PFAS across its product portfolio; (4) risks related to the class-action settlement to resolve claims by public water systems in
About 3M
3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news.
Please note that the company announces material financial, business and operational information using the 3M investor relations website,
Contacts
Investor Contacts:
or
or
Media contact:
View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-annual-meeting-highlights-progress-on-strategic-priorities-improving-execution-302145422.html
SOURCE