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Form 8-K · Current Report · Filed 2024-07-10

3M CFO Monish Patolawala to Resign on July 31, 2024

3M Company announced on July 10, 2024, that Monish Patolawala, President and Chief Financial Officer, will resign effective July 31, 2024.

Filer
3M Company MMM · NYSE
Filed
Accession
0000066740-24-000070
CIK
0000066740
Signal
High impactIndustrials

Details

Mr. Patolawala will assist in ensuring a smooth transition during his remaining time at 3M. The company has initiated a CFO succession process and will provide updates as necessary.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

CFO Resignation
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$99.69

Next session

+3.6%

Since filing

+76.8%

Latest close

$176.28

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MMM reporting the same item, with the next session's move:

Exhibits (1)

About 3M Company

3M Company, often recognized for its innovative approach, is a diversified technology corporation that caters to various consumer and industrial needs across the globe. With a robust presence in multiple sectors, 3M's primary function is the development, manufacturing, and marketing of a wide array of products essential in industries such as safety and industrial, transportation and electronics, health care, and consumer goods. The company is particularly noted for products like adhesives, abrasives, personal protective equipment, medical devices, and consumer goods like Post-it Notes and Scotch Tape. As a significant player in the industrial sector, 3M impacts daily lives by enhancing the comfort and efficiency of households and workplaces. Headquartered in St. Paul, Minnesota, and founded in 1902, 3M’s commitment to innovation and research and development continues to strengthen its position in global markets, influencing everyday products and solutions.

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