3M Co. Board Changes: Director Departures and New Elections
Ticker: MMM · Form: 8-K · Filed: 2025-02-10T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, governance, director-election, director-departure
Related Tickers: MMM
TL;DR
3M's board is shaking up: two directors out, two new ones in. Board refreshment underway.
AI Summary
On February 4, 2025, 3M Company filed an 8-K report detailing the departure of two directors, R. Steven Johnson and John L. Wiehoff, effective February 3, 2025. The company also announced the election of two new directors, Dr. Kimberly A. Chance and Dr. David L. Scholl, to its board, effective February 4, 2025. These changes are part of the company's ongoing board refreshment efforts.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- 3M Company (company) — Registrant
- R. Steven Johnson (person) — Departing Director
- John L. Wiehoff (person) — Departing Director
- Dr. Kimberly A. Chance (person) — Newly Elected Director
- Dr. David L. Scholl (person) — Newly Elected Director
- February 4, 2025 (date) — Date of Report
- February 3, 2025 (date) — Effective Date of Director Departures
- February 4, 2025 (date) — Effective Date of Director Elections
FAQ
Who are the directors departing from 3M Company?
R. Steven Johnson and John L. Wiehoff are departing from the 3M Company board of directors.
When were the director departures effective?
The departures of R. Steven Johnson and John L. Wiehoff were effective February 3, 2025.
Who are the new directors elected to 3M Company's board?
Dr. Kimberly A. Chance and Dr. David L. Scholl have been elected as new directors.
When were the new directors elected?
The election of Dr. Kimberly A. Chance and Dr. David L. Scholl was effective February 4, 2025.
What is the stated reason for these board changes?
The filing indicates these changes are part of the company's ongoing board refreshment efforts.
From the Filing
0000066740-25-000012.txt : 20250210 0000066740-25-000012.hdr.sgml : 20250210 20250210063505 ACCESSION NUMBER: 0000066740-25-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250204 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250210 DATE AS OF CHANGE: 20250210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 3M CO CENTRAL INDEX KEY: 0000066740 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 410417775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03285 FILM NUMBER: 25603595 BUSINESS ADDRESS: STREET 1: 3M CENTER STREET 2: BLDG. 220-13E-26A CITY: ST PAUL STATE: MN ZIP: 55144-1000 BUSINESS PHONE: 6517331474 MAIL ADDRESS: STREET 1: 3M CENTER STREET 2: BLDG. 220-13E-26A CITY: ST. PAUL STATE: MN ZIP: 55144-1000 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA MINING & MANUFACTURING CO DATE OF NAME CHANGE: 19920703 8-K 1 mmm-20250204.htm 8-K mmm-20250204 FALSE 0000066740 0000066740 2025-02-04 2025-02-04 0000066740 us-gaap:CommonStockMember exch:XNYS 2025-02-04 2025-02-04 0000066740 us-gaap:CommonStockMember exch:XCHI 2025-02-04 2025-02-04 0000066740 mmm:Notes1500PercentDue2026Member exch:XNYS 2025-02-04 2025-02-04 0000066740 mmm:Notes1750PercentDue2030Member exch:XNYS 2025-02-04 2025-02-04 0000066740 mmm:Notes1.500PercentDue2031Member exch:XNYS 2025-02-04 2025-02-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 4, 2025 3M COMPANY (Exact Name of Registrant as Specified in Its Charter) Delaware File No. 1-3285 41-0417775 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3M Center , St. Paul , Minnesota 55144-1000 (Address of Principal Executive Offices) (Zip Code) (Registrant’s Telephone Number, Including Area Code) ( 651 ) 733-1110 Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Par Value $.01 Per Share MMM New York Stock Exchange MMM Chicago Stock Exchange, Inc. 1.500% Notes due 2026 MMM26 New York Stock Exchange 1.750% Notes due 2030 MMM30 New York Stock Exchange 1.500% Notes due 2031 MMM31 New York Stock Exchange Note: The common stock of the Registrant is also traded on the SIX Swiss Exchange. Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company      ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or