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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): August 13, 2020

 

3M COMPANY

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   File No. 1-3285   41-0417775
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
         
3M Center, St. Paul, Minnesota       55144-1000
(Address of Principal Executive Offices)       (Zip Code)

 

(Registrant’s Telephone Number, Including Area Code) (651) 733-1110

 

Not Applicable

(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 (see General Instruction A.2. below):

 

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

 

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

 

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

 

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

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, Par Value $.01 Per Share   MMM   New York Stock Exchange, Inc.
    MMM   Chicago Stock Exchange, Inc.
1.500% Notes due 2026   MMM26   New York Stock Exchange, Inc.
0.375% Notes due 2022   MMM22A   New York Stock Exchange, Inc.
0.950% Notes due 2023   MMM23   New York Stock Exchange, Inc.
1.750% Notes due 2030   MMM30   New York Stock Exchange, Inc.
1.500% Notes due 2031   MMM31   New York Stock Exchange, Inc.

 

Note: The common stock of the Registrant is also traded on the SWX Swiss Exchange.

 

Securities registered pursuant to section 12(g) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company    ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange Act.     ¨

 

 

 

 

 

Item 7.01.  Regulation FD Disclosure.

 

On August 13, 2020, 3M Company issued a press release reporting sales informaiton for the month of July 2020 (furnished as Exhibit 99 hereto and incorporated herein by reference).

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit Number   Description
99   Press Release, dated as of August 13, 2020, of 3M Company (furnished pursuant to Item 7.01 hereof)
     
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

 

 

 

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/ Ivan K. Fong
          Ivan K. Fong,
          Senior Vice President, General Counsel & Secretary
     
   
Dated: August 13, 2020

 

 

 

Exhibit 99

 

3M Reports Sales Information for Month of July 2020

 

July Summary:

 

·Sales of $2.8 billion, up 6 percent year-on-year

·Organic local-currency sales growth of 3 percent year-on-year

·Broad-based improvement in sales trends across businesses and geographies

 

ST. PAUL, Minn. – August 13, 2020 − 3M (NYSE: MMM) today reported sales information for the month of July 2020.

 

Total sales for July increased 6 percent year-on-year to $2.8 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 3 percent while acquisitions, net of divestitures, added an additional 3 percent. Foreign currency translation was neutral to sales year-on-year.

 

Total sales increased 29 percent in Health Care, 9 percent in Consumer, and 6 percent in Safety and Industrial, while Transportation and Electronics declined 7 percent. Organic local-currency sales increased 11 percent in Health Care, 9 percent in Consumer, and 8 percent in Safety and Industrial, while Transportation and Electronics declined 6 percent.

 

On a geographic basis, total sales increased 10 percent in the Americas, 3 percent in EMEA (Europe, Middle East and Africa) and were flat in Asia Pacific. Organic local-currency sales increased 6 percent in the Americas (including the U.S. up 8 percent), were flat in EMEA, and declined 1 percent in Asia Pacific (including China up 13 percent and Japan down 12 percent).

 

Forward-Looking Statements

 

This news release contains forward-looking information about 3M's financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "anticipate," "estimate," "expect," "aim," "project," "intend," "plan," "believe," "will," "should," "could," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19); (3) liabilities related to certain fluorochemicals, including lawsuits concerning various PFAS-related products and chemistries, and claims and governmental regulatory proceedings and inquiries related to PFAS in a variety of jurisdictions; (4) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2019, and any subsequent quarterly reports on Form 10-Q (the “Reports”); (5) competitive conditions and customer preferences; (6) foreign currency exchange rates and fluctuations in those rates; (7) the timing and market acceptance of new product offerings; (8) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (11) operational execution, including scenarios where the Company generates fewer productivity improvements than estimated; (12) financial market risks that may affect the Company’s funding obligations under defined benefit pension and postretirement plans; and (13) the Company's credit ratings and its cost of capital. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Reports under "Cautionary Note Concerning Factors That May Affect Future Results" and "Risk Factors" in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports), as updated by applicable Current Reports on Form 8-K. The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

 

 

 

About 3M

 

At 3M, we apply science in collaborative ways to improve lives daily. With $32 billion in sales, our 96,000 employees connect with customers all around the world.

 

Contacts

 

3M

Investor Contacts:

 

Bruce Jermeland, 651-733-1807

or

Tony Riter, 651-733-1141

or

 

Media Contact:

 

Stephen Sanchez, 651-737-5967

 

 

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Trading Symbol MMM
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Document Information [Line Items]  
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Trading Symbol MMM
Security Exchange Name NYSE
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Document Information [Line Items]  
Title of 12(b) Security 1.500% Notes due 2026
Trading Symbol MMM26
Security Exchange Name NYSE
Notes 0. 375 Percent Due 2022 [Member] | NEW YORK STOCK EXCHANGE, INC. [Member]  
Document Information [Line Items]  
Title of 12(b) Security 0.375% Notes due 2022
Trading Symbol MMM22A
Security Exchange Name NYSE
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Document Information [Line Items]  
Title of 12(b) Security 0.950% Notes due 2023
Trading Symbol MMM23
Security Exchange Name NYSE
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Document Information [Line Items]  
Title of 12(b) Security 1.750% Notes due 2030
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Security Exchange Name NYSE
Notes 1. 500 Percent Due 2031 [Member] | NEW YORK STOCK EXCHANGE, INC. [Member]  
Document Information [Line Items]  
Title of 12(b) Security 1.500% Notes due 2031
Trading Symbol MMM31
Security Exchange Name NYSE