3M Holds 2020 Annual Meeting of Shareholders
12 Maggio 2020 - 7:45PM
Business Wire
Today, Chairman of the Board and Chief Executive Officer Mike
Roman addressed shareholders at 3M’s 2020 Annual Meeting. Roman
delivered brief remarks highlighting the company’s leadership in
responding to COVID-19 – including its rapid acceleration of
respirator production to protect healthcare workers and first
responders, along with aggressive efforts to fight fraud,
price-gouging and other unethical activity. Roman also discussed
the strength of the 3M business model and hosted a Q&A
session.
“We are attacking the pandemic from all angles, and going
forward we’ll continue to do all we can to protect our people,
protect our enterprise and help the world get through this crisis,”
said Roman. “The fundamentals of 3M are strong, and our four
priorities – portfolio, transformation, innovation, and people and
culture – have positioned us to lead through this fast-moving
situation and deliver for all of our stakeholders.”
The meeting was held virtually to prioritize the health and
well-being of participants. For pertinent shareholder questions
that could not be answered during the meeting due to time
constraints, the company will either reply directly or will post
answers to a representative set of these questions at
https://investors.3M.com.
3M shareholders voted on four items of business, including the
election of nominees for the company’s Board of Directors. Edward
M. Liddy, who has served as a director since 2000, is no longer
eligible to stand for re-election as he has reached the mandatory
retirement age for members of the company’s Board.
“Ed’s leadership, guidance and counsel have been invaluable
throughout his 20 years as a 3M director,” Roman continued. “I
thank him for his many contributions to our Board and the company,
and I wish him and his family a happy and healthy future.”
Preliminary Shareholder Voting Results
3M shareholders today elected 11 directors for one-year terms
that expire at the company’s 2021 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, The
Kroger Co.
- Michael L. Eskew, retired chairman of the board and CEO, United
Parcel Service 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
- Michael F. Roman, chairman of the board and CEO, 3M
Company
- Patricia A. Woertz, retired chairman of the board and CEO,
Archer-Daniels-Midland Company
Shareholders ratified the appointment of PricewaterhouseCoopers
LLP as 3M's independent registered public accounting firm for
2020.
Shareholders approved, on an advisory basis, executives’
compensation as described in the proxy statement.
Shareholders did not approve the shareholder proposal to set
target amounts for CEO compensation.
3M will disclose the final voting results on each item of
business properly presented at the Annual Meeting on a Form 8-K to
be filed with the SEC.
Forward-Looking Statements
This news release contains forward-looking information about
3M's financial results and estimates and business prospects that
involve substantial risks and uncertainties. You can identify these
statements by the use of words such as "anticipate," "estimate,"
"expect," "aim," "project," "intend," "plan," "believe," "will,"
"should," "could," "target," "forecast" and other words and terms
of similar meaning in connection with any discussion of future
operating or financial performance or business plans or prospects.
Among the factors that could cause actual results to differ
materially are the following: (1) worldwide economic, political,
regulatory, capital markets and other external conditions and other
factors beyond the Company's control, including natural and other
disasters or climate change affecting the operations of the Company
or its customers and suppliers; (2) risks related to public health
crises such as the global pandemic associated with the coronavirus
(COVID-19); (3) liabilities related to certain fluorochemicals,
including lawsuits concerning various PFAS-related products and
chemistries, and claims and governmental regulatory proceedings and
inquiries related to PFAS in a variety of jurisdictions; (4) legal
proceedings, including significant developments that could occur in
the legal and regulatory proceedings described in the Company's
Annual Report on Form 10-K for the year ended Dec. 31, 2019, and
any subsequent quarterly reports on Form 10-Q (the “Reports”); (5)
competitive conditions and customer preferences; (6) foreign
currency exchange rates and fluctuations in those rates; (7) the
timing and market acceptance of new product offerings; (8) the
availability and cost of purchased components, compounds, raw
materials and energy (including oil and natural gas and their
derivatives) due to shortages, increased demand or supply
interruptions (including those caused by natural and other
disasters and other events); (9) unanticipated problems or delays
with the phased implementation of a global enterprise resource
planning (ERP) system, or security breaches and other disruptions
to the Company's information technology infrastructure; (10) the
impact of acquisitions, strategic alliances, divestitures and other
unusual events resulting from portfolio management actions and
other evolving business strategies, and possible organizational
restructuring; (11) operational execution, including scenarios
where the Company generates fewer productivity improvements than
estimated; (12) financial market risks that may affect the
Company’s funding obligations under defined benefit pension and
postretirement plans; and (13) the Company's credit ratings and its
cost of capital. Changes in such assumptions or factors could
produce significantly different results. A further description of
these factors is located in the Reports under "Cautionary Note
Concerning Factors That May Affect Future Results" and "Risk
Factors" in Part I, Items 1 and 1A (Annual Report) and in Part I,
Item 2 and Part II, Item 1A (Quarterly Reports), as updated by
applicable Current Reports on Form 8-K. The information contained
in this news release is as of the date indicated. The Company
assumes no obligation to update any forward-looking statements
contained in this news release as a result of new information or
future events or developments.
About 3M
At 3M, we apply science in collaborative ways to improve lives
daily. With $32 billion in sales, our 96,000 employees connect with
customers all around the world. Learn more about 3M’s creative
solutions to the world’s problems at www.3M.com or on Twitter @3M
or @3MNews.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200512005795/en/
3M Investor Contacts: Bruce Jermeland,
651-733-1807 or Tony Riter, 651-733-1141 or Media Contact:
Stephen Sanchez, 651-737-5967
Grafico Azioni 3M (NYSE:MMM)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni 3M (NYSE:MMM)
Storico
Da Apr 2023 a Apr 2024