3M shareholders approve board and executive pay

ST. PAUL, Minn. - Shareholders of 3M, the multinational conglomerate corporation, currently valued at $81.2 billion, have given their nod to all the proposals recommended by the company at its Annual Meeting held today. The company’s stock has shown remarkable strength, delivering a 54% return over the past year. The meeting saw the re-election of 11 directors to the board for one-year terms. These terms are set to expire at the 2026 Annual Meeting. According to InvestingPro analysis, 3M maintains a FAIR overall financial health score, suggesting balanced corporate governance and operational performance.

Among the directors re-elected are prominent figures from various sectors, including David P. Bozeman of C.H. Robinson Worldwide, Thomas K. Brown, formerly of Ford Motor Company, and William M. Brown, Chairman and CEO of 3M. Other directors include Audrey Choi, previously with Morgan Stanley, Anne H. Chow from AT&T Business, and David B. Dillon, who retired from The Kroger Co.

In addition to the board elections, the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for the year 2025 received shareholder support. Moreover, the executive compensation detailed in the company’s proxy statement was also approved on an advisory basis. The company’s financial position remains solid with annual revenue of $24.5 billion and a healthy current ratio of 1.66.

The final voting results on each business item presented at the Annual Meeting will be disclosed in a Form 8-K filing with the Securities and Exchange Commission (SEC).

3M, known for its wide range of products and emphasis on innovation, believes in the power of science to create a brighter future. Trading near $150 per share, analysts maintain mixed views with price targets ranging from $100 to $184. Discover comprehensive analysis and more insights with InvestingPro’s detailed research report, part of its coverage of over 1,400 US stocks. The company addresses various opportunities and challenges faced by customers, communities, and the planet, aiming to improve lives and pave the way for new possibilities.

The company communicates significant financial, business, and operational information through various channels, including its investor relations website, SEC filings, press releases, public conference calls, and webcasts. Additionally, 3M uses its News Center and social media platforms to engage with customers and the public about the company’s endeavors, products, and services. As such, the information shared on these platforms could be considered material.

This news is based on a press release statement issued by 3M.

In other recent news, 3M Company reported a strong start to the fiscal year 2025, with a notable 10% increase in adjusted earnings per share (EPS) for the first quarter, reaching $1.88. The company’s organic sales grew by 1.5%, and operating margins improved by 220 basis points year-over-year. Despite a challenging economic environment, 3M returned $1.7 billion to shareholders and raised its dividend by 4%. UBS analyst Amit Mehrotra maintained a Buy rating for 3M, setting a $184 price target and noting the company’s positive earnings guidance of $7.60 to $7.90 for the full year. In a separate development, 3M reached a settlement to resolve PFAS-related claims in New Jersey, resulting in a $285 million pre-tax charge in the second quarter of 2025. This settlement is part of 3M’s broader strategy to manage risks and focus on operational excellence. These developments highlight 3M’s financial resilience and strategic focus amid ongoing market challenges.

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