Boardroom Alpha
Meeting calendar
MMM · Annual meeting · Tuesday, May 12, 2026

3M Co

10 nominees · 3 ballot items.

Elect 10 directors; ratify PricewaterhouseCoopers LLP as independent auditor for 2026; and approve, on an advisory basis, executive compensation (“say-on-pay”).

Market cap
$83.4B
1Y TSR
+6.6%
Board grade
C+
Record date
Mar 17, 2026
Filing
DEF 14A
Meeting concluded · May 12, 2026

Follow how the vote landed and what changed on 3M Co’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot3

  1. 1

    Elect the 10 director nominees identified in this Proxy Statement

    ManagementBoard: FOR

    Elect 10 director nominees, each for a one-year term, to hold office until the 2027 Annual Meeting.

  2. 2

    Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered public accounting firm for 2026

    ManagementBoard: FOR

    Ratify PwC as 3M’s independent registered public accounting firm for 2026.

    More detail

    Proposal requests shareholder ratification of the Audit Committee’s appointment of PwC as 3M’s independent registered public accounting firm for 2026. The Audit Committee periodically evaluates PwC’s independence, performance, and fee levels, considering audit quality, familiarity with 3M’s global operations, expertise, and PCAOB and external audit quality indicators. Although ratification is not required by the bylaws, the Board submits the appointment for shareholder ratification as a corporate governance best practice; if shareholders do not ratify PwC, the Audit Committee will consider whether to engage a different firm. The Audit Committee’s recommendation to retain PwC is grounded in PwC’s long tenure since 1998, its scope to handle complex global audits, the committee’s review of independence and fees, and the continuity benefits of an incumbent auditor, balanced against periodic partner rotation and audit quality reviews. The proposal is routine and typically receives strong support; the Board recommends a vote “FOR” given its assessment that PwC’s retention serves shareholder interests and supports reliable financial reporting.

  3. 3

    Advisory approval of executive compensation

    ManagementBoard: FOR

    Approve, on a non-binding advisory basis, the compensation of the Named Executive Officers as disclosed in the proxy statement (say-on-pay).

    More detail

    This management-sponsored, non-binding advisory 'say-on-pay' proposal seeks shareholder approval of the company’s executive compensation program as disclosed in the proxy. The Board and the Compensation and Talent Committee recommend approval, arguing the program aligns pay and performance through a majority of at-risk compensation, multi-year performance share awards tied to cumulative EPS and Free Cash Flow with a relative TSR modifier, an Annual Incentive Plan tied to sales, operating income and operating cash flow, and protective governance features like clawbacks, anti-hedging policies, and robust stock ownership requirements. The Committee highlights changes adopted in 2025—shifting to a cumulative three-year performance measurement for PSAs and adding a relative TSR modifier—to strengthen long-term alignment. The committee also explains adjustments made to 2025 compensation calculations to exclude certain litigation and transformation-related special items, to better reflect operational performance; it justifies these adjustments as consistent with non-GAAP reporting and necessary to avoid penalizing management for legacy events outside current leadership’s control. The proposal is advisory and will be considered by the Board and the Committee in future compensation decisions. The Board recommends a "FOR" vote, citing pay-for-performance alignment, governance safeguards, and shareholder engagement.

Director elections

Nominees on the ballot10

Independent
Tenure on this board
1.4 yrs
Also a director at
C H Robinson Worldwide Inc (CHRW)
Not independent
Tenure on this board
2.2 yrs
Also a director at
Becton Dickinson & Co (BDX)
Independent
Tenure on this board
3.4 yrs
Also a director at
Franklin Covey Co (FC)Csx Corp (CSX)
Independent
Tenure on this board
3.4 yrs
Also a director at
Edison International (EIX)
Independent
Tenure on this board
2.7 yrs
Also a director at
Trimble Inc (TRMB)Medline Inc (MDLN)
Ownership

Top institutional holders10

Latest 13F quarter
1JPMORGAN CHASE CO6.8%35,609,733$5.1B
2VANGUARD CAPITAL MANAGEMENT LLC6.6%34,227,417$5.0B
3STATE STREET CORP5.3%27,723,744$4.0B
4BlackRock, Inc.2.6%13,637,313$2.0B
5BlackRock, Inc.2.3%11,851,591$1.7B
6GEODE CAPITAL MANAGEMENT, LLC2.0%10,209,483$1.5B
7VANGUARD PORTFOLIO MANAGEMENT LLC1.8%9,450,949$1.4B
8Capital World Investors1.8%9,172,034$1.3B
9FMR LLC1.3%6,916,029$1.0B
10Newport Trust Company, LLC1.1%5,594,540$812M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the 3M Co 2026 annual meeting?
3M Co (MMM) holds its 2026 annual shareholder meeting on Tuesday, May 12, 2026.
What is the record date for the 3M Co 2026 meeting?
The record date for the 3M Co 2026 meeting is Tuesday, March 17, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for 3M Co's 2026 meeting?
The board is presenting 10 director nominees at the 3M Co 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the 3M Co 2026 meeting?
Shareholders will vote on 3 proposals at the 3M Co 2026 meeting, each tagged with who proposed it and the board's recommendation.
Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer