3M COMPANY (NYSE:MMM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On August12, 2018, the Board of Directors of 3M Company (the “Company”) elected Dambisa F. Moyoto the Company’s Board of Directors, effective August12, 2018. Dr.Moyo is the founder and Chief Executive Officer of Mildstorm, LLC. In connection with Dr.Moyo’s election, the Board of Directors increased its size from 12 to 13 directors, and Dr.Moyo joined the Board of Directors to fill the resulting vacancy.
The Board of Directors has determined that Dr.Moyo is an independent director under the New York Stock Exchange listing standards, including the listing standards applicable to audit committee members, and the Company’s independence guidelines, as set forth in its Corporate Governance Guidelines (available on 3M’s Web site atwww.3M.com, under Investor Relations— Corporate Governance).
Dr.Moyo will participate in the compensation program for non-employee directors as described on pages31-32 of the Company’s Proxy Statement for its Annual Meeting of Stockholders held on May8, 2018 (filed with the Securities and Exchange Commission on March21, 2018).
The Board has appointed Dr.Moyo to the Audit and Finance committees of the Board of Directors. The Board has determined that Dr.Moyo is “financially literate” and has “accounting or related financial management expertise” under the New York Stock Exchange listing standards. The Board has also determined that Dr.Moyo is an “audit committee financial expert” as that term is defined by applicable SEC regulations.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
3M CO ExhibitEX-99 2 a18-18732_1ex99.htm EX-99 Exhibit 99 Dr. Dambisa F. Moyo Elected to 3M Board of Directors ST. PAUL,…To view the full exhibit click here
About 3M COMPANY (NYSE:MMM)
3M Company is a technology company. The Company operates through five segments. Its Industrial segment serves markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. Its Safety and Graphics segment serves markets for the safety, security and productivity of people, facilities and systems. Its Health Care segment serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, and food manufacturing and testing. Its Electronics and Energy segment serves customers in electronics and energy markets, including solutions for electronic devices; electrical products; telecommunications networks, and power generation and distribution. Its Consumer segment serves markets that include consumer retail, office business to business, home improvement, drug and pharmacy retail, and other markets.