3M Confirms Active Registration of Common Stock, Notes on NYSE, Chicago

TL;DR

**3M just confirmed its common stock and several bond series are actively registered and trading.**

AI Summary

3M Company filed an 8-K on January 29, 2024, reporting events from January 26, 2024, related to its registered securities. The filing specifically mentions its common stock traded on the NYSE and Chicago exchanges, as well as notes with interest rates of 1.500% due in 2026, 1.750% due in 2030, and 1.500% due in 2031, all traded on the NYSE. This matters to investors as it confirms the active registration and trading of 3M's key securities, providing transparency on its financial instruments.

Why It Matters

This filing provides transparency on 3M's actively traded securities, which is crucial for investors to understand the company's capital structure and liquidity of its debt and equity.

Risk Assessment

Risk Level: low — This filing is a routine update on registered securities and does not indicate any new financial risks or operational changes.

Analyst Insight

A smart investor would note this routine filing confirms the ongoing registration and trading of 3M's core securities, providing foundational information for tracking its stock and bond performance without indicating any immediate need for action.

Key Numbers

• 1.500% — Interest rate (for notes due in 2026 and 2031)
• 1.750% — Interest rate (for notes due in 2030)
• 2026 — Maturity year (for 1.500% notes)
• 2030 — Maturity year (for 1.750% notes)
• 2031 — Maturity year (for 1.500% notes)

Key Players & Entities

• 3M Company (company) — the registrant filing the 8-K
• NYSE (company) — exchange where 3M's common stock and notes are traded
• Chicago (company) — exchange where 3M's common stock is traded
• January 26, 2024 (date) — date of earliest event reported
• January 29, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• 3M will continue to maintain active registration for its listed common stock and notes. (3M Company) — high confidence, target: 2025-01-26
• The trading venues for 3M's common stock (NYSE, Chicago) and notes (NYSE) will remain consistent in the near term. (3M Company) — high confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $1 billion — irrevocably elected to pay cash for the $1 billion in payments that, under the Settlement,

Filing Documents

• mmm-20240126.htm (8-K) — 36KB
• a129248kex-101.htm (EX-10.1) — 17KB
• a129248kex-991.htm (EX-99.1) — 12KB
• 0000066740-24-000007.txt ( ) — 265KB
• mmm-20240126.xsd (EX-101.SCH) — 3KB
• mmm-20240126_def.xml (EX-101.DEF) — 18KB
• mmm-20240126_lab.xml (EX-101.LAB) — 36KB
• mmm-20240126_pre.xml (EX-101.PRE) — 19KB
• mmm-20240126_htm.xml (XML) — 7KB

01. Entry Into A Material Definitive Agreement

Item 1.01. Entry Into A Material Definitive Agreement As previously reported, 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") in connection with the litigation and alleged claims involving the Combat Arms Earplugs ("CAE") sold or manufactured by the Aearo Entities and/or 3M. 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. The Amendment also sets forth certain revised time periods for payments, assuming satisfaction of the 98% participation threshold as contemplated under the Settlement. Except as amended, the terms of the Settlement remain unchanged. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the master settlement agreements, copies of which were filed as Exhibits 10.1, 10.2 and 10.3 to the Current Report on Form 8-K filed by 3M on August 29, 2023 and of the Amendment, a copy of which is filed as Exhibit 10.1 hereto, each of which is incorporated by reference herein.

01. Other Events

Item 8.01. Other Events. On January 29, 2024, 3M issued a press release (filed as Exhibit 99.1 hereto and incorporated herein by reference), providing an update on the Settlement, including the election of 3M to pay cash in lieu of stock for the $1 billion in payments that, under the Settlement, could have been paid either in cash or in stock.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Amendment, dated January 26, 2024, to Combat Arms Settlement Agreement dated August 29, 2023, by and between (1) 3M Company and Aearo Technologies, LLC; and (2) the named Plaintiff's Leadership In re Combat Arms Earplug Products Liability Litigation, MDL No. 2885, U.S.D.C. for the Northern District of Florida; and (3) the named Plaintiffs' Leadership in the Minnesota coordinated state court action pending in the 4th Judicial District, County of Hennepin, Minnesota, File No. 27-CV-19916 99.1 Press release, dated as of January 29, 2024, of 3M Company. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 3M COMPANY By: /s/ Michael M. Dai Michael M. Dai Vice President, Associate General Counsel & Secretary Dated: January 29, 2024

View Full Filing

View this 8-K filing on SEC EDGAR