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): June 9, 2014
3M COMPANY
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
File No. 1-3285 |
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41-0417775 |
(Commission File Number) |
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(IRS Employer Identification No.) |
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3M Center, St. Paul, Minnesota |
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55144-1000 |
(Address of Principal Executive Offices) |
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(Zip Code) |
(651) 733-1110
(Registrants 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 9, 2014, 3M Company issued a press release announcing the appointment of Nicholas C. Gangestad as Senior Vice President and Chief Financial Officer, effective immediately. Mr. Gangestad replaces David W. Meline who is leaving the Company to take a position as chief financial officer at another large publicly-traded company.
Mr. Gangestad, 49, has served as the Companys Vice President, Corporate Controller and Chief Accounting Officer since April 2011. Prior to that, Mr. Gangestad had served as Director of Corporate Accounting from 2007 to March 31, 2011 and as Director of Finance and I.T., 3M Canada from 2003 to 2007.
In his position as Chief Financial Officer, Mr. Gangestad will receive an annual base salary of $523,523, and be eligible for annual incentive compensation with a target amount of $523,523. The amount of Mr. Gangestads actual annual incentive compensation, which will be paid under the Companys Executive Annual Incentive Plan, may be more or less than this target amount, depending on the future performance of the Company.
He will also participate in the Companys long-term incentive compensation programs, retirement and welfare benefits and services offered to the Companys senior executive officers.
Item 7.01. Regulation FD Disclosure.
A copy of the press release dated June 9, 2014 is attached as Exhibit 99.1 hereto.
The information in the press release is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Current Report, including Exhibit 99, will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.
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 thereunto duly authorized.
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3M COMPANY | ||
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By: |
/s/ Gregg M. Larson | |
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Gregg M. Larson, |
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Vice President, Deputy General Counsel and Secretary |
Dated: June 9, 2014
Exhibit 99.1
FOR IMMEDIATE RELEASE
3M Appoints Nicholas C. Gangestad to Senior Vice President and Chief Financial Officer
ST. PAUL, Minn. June 9, 2014 3M today announced that Nicholas C. Gangestad has been appointed senior vice president and chief financial officer, effective immediately. Nick replaces David W. Meline, who is leaving to become chief financial officer with another large publicly traded company.
Gangestad is a longtime leader at 3M. He served as corporate controller and chief accounting officer for the past three years, working closely with 3M Chairman, President and Chief Executive Officer Inge G. Thulin, to drive 3M strategies, improving its businesses and optimizing its capital structure.
Nick is an outstanding and respected financial leader amongst a very strong 3M finance team, said Thulin. He has a proven track record of success and is ideally suited for the 3M chief financial officer role.
Gangestads 27-year 3M career encompasses financial leadership positions across several businesses in multiple geographic regions, including the United States, Asia Pacific, Latin America and Canada.
About 3M
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $31 billion in sales, 3M employs 89,000 people worldwide and has operations in more than 70 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.
Contact:
Media Contact:
3M
Donna Fleming Runyon, 651-736-7646
or
Investor Contacts:
3M
Matt Ginter, 651-733-8206
Bruce Jermeland, 651-733-1807