UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): May 10, 2011

 

3M COMPANY

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

File No. 1-3285

 

41-0417775

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

3M Center, St. Paul, Minnesota

 

55144-1000

(Address of Principal Executive Offices)

 

(Zip Code)

 

(651) 733-1110

(Registrant’s Telephone Number, Including Area Code)

 

 

(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:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

The 2011 Annual Meeting of Stockholders of the Company was held on May 10, 2011. The votes cast with respect to each item of business properly presented at the meeting are as follows:

 

Proposal No. 1 – The stockholders elected each of the ten nominees to the Board of Directors for a one-year term by the vote of the majority of votes cast, in accordance with 3M’s Bylaws.

 

 

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

Linda G. Alvarado

 

462,417,961

 

8,102,905

 

1,360,251

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

George W. Buckley

 

453,552,684

 

16,789,206

 

1,539,227

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Vance D. Coffman

 

457,088,112

 

13,371,977

 

1,421,028

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Michael L. Eskew

 

466,390,309

 

4,044,490

 

1,446,318

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

W. James Farrell

 

465,762,070

 

4,662,839

 

1,456,208

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Herbert L. Henkel

 

462,305,427

 

8,068,395

 

1,507,295

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Edward W. Liddy

 

454,608,473

 

15,815,686

 

1,456,958

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Robert S. Morrison

 

457,484,305

 

13,035,195

 

1,361,617

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Aulana L. Peters

 

400,251,502

 

70,257,128

 

1,372,487

 

111,209,331

 

 

 

 

 

 

 

 

 

 

 

Robert J. Ulrich

 

457,271,071

 

13,215,081

 

1,394,965

 

111,209,331

 

 

Proposal No. 2 – The stockholders ratified the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2011.

 

For

 

575,722,792

 

 

 

Against

 

6,056,567

 

 

 

Abstain

 

1,311,089

 

 

 

Broker Non-Vote

 

N/A

 

Proposal No. 3 – The stockholders adopted the non-binding resolution approving the compensation of the Company’s Named Executive Officers as described in the Company’s 2011 Proxy Statement.

 

For

 

438,369,358

 

 

 

Against

 

31,134,625

 

 

 

Abstain

 

2,377,134

 

 

 

Broker Non-Vote

 

111,209,331

 

2



 

Proposal No. 4 – The stockholders cast non-binding votes to determine the frequency (whether annual, biennial or triennial) with which the stockholders shall be entitled to have a future advisory vote on the executive compensation of the Company.  A plurality of stockholders favored an annual advisory vote on the Company’s executive compensation. Based on the Board of Directors’ recommendation in the Proxy Statement and the voting results, the Company has determined to hold an advisory vote on executive compensation annually.

 

1 Year

 

400,119,930

 

 

 

2 Years

 

4,134,223

 

 

 

3 Years

 

65,415,100

 

 

 

Abstain

 

2,211,864

 

 

 

Broker Non-Vote

 

111,209,331

 

Proposal No. 5 – The stockholders did not approve the stockholder proposal regarding political contributions*.

 

For

 

149,120,896

 

 

 

Against

 

267,241,036

 

 

 

Abstain

 

55,519,185

 

 

 

Broker Non-Vote

 

111,209,331

 

Proposal No. 6 – The stockholders did not approve the stockholder proposal raised from the floor of the Annual Meeting requesting a review of the Company’s role on the Board of the U.S. Chamber of Commerce*.

 

For

 

5,065

 

 

 

Against

 

471,876,052

 

 

 

Abstain

 

0

 

 

 

Broker Non-Vote

 

111,209,331

 

*Under the General Corporation Law of the State of Delaware, the affirmative “FOR” vote of a majority of those shares present in person or represented by proxy at the meeting and entitled to vote on the matter is required to approve the stockholder proposal. In tabulating the voting result, abstentions and, if applicable, broker non-votes are not counted as votes “FOR” or “AGAINST” the proposal. An abstention will, however, be counted as entitled to vote on a proposal and will, therefore, have the effect of a vote “AGAINST.”  Applying this standard, the percentage in favor of the stockholder proposal is calculated by dividing the number of FOR votes by the sum of the number of FOR, AGAINST and ABSTAIN votes.

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

3M COMPANY

 

 

 

By:

/s/ Gregg M. Larson

 

 

Gregg M. Larson,

 

 

Deputy General Counsel and Secretary

 

Dated: May 10, 2011

 

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