3M Chairman of the Board, President and CEO Inge G. Thulin today highlighted 3M's strong performance in 2017 while expressing confidence in the company's future. Thulin addressed 3M's 2018 Annual Meeting of Shareholders in Indianapolis, Indiana.
"2017 was a successful year as we executed well, delivered strong results and made investments for the future," said Thulin. "Going forward, I am confident in the world-class capabilities of our enterprise, and we remain well-positioned to deliver strong results in 2018."
Thulin told shareholders the company continues to deploy significant capital to grow the business and return cash to shareholders. In 2017, 3M invested more than $5 billion in a combination of research and development, capital expenditures and acquisitions. 3M paid $2.8 billion in dividends and repurchased $2.1 billion of 3M shares.
Thulin also highlighted continued good progress in executing the 3M Playbook and the company's three key levers – Portfolio Management, Investing in Innovation, and Business Transformation.
3M shareholders voted on four items of business including the election of nominees for the company's Board of Directors. The authorized representative of the proponent of the shareholder proposal on special meetings failed to appear at the annual meeting to present the proposal. According to the Company's bylaws, no vote was taken on that proposal.
Preliminary Shareholder Voting Results
3M shareholders today
elected the 12 nominees to the company's Board of Directors for a
one-year term that expires at the 2019 Annual Meeting by the vote of the
majority of votes cast:
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M's independent registered public accounting firm for 2018.
Shareholders approved, on an advisory basis, the compensation of our named executive officers.
Shareholders did not approve the shareholder proposal for setting target amounts for CEO compensation.
3M will disclose the final voting results on each item of business properly presented at the Annual Meeting on Form 8-K to be filed with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180508006194/en/
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
