<SEC-DOCUMENT>0001214659-21-004570.txt : 20210428
<SEC-HEADER>0001214659-21-004570.hdr.sgml : 20210428
<ACCEPTANCE-DATETIME>20210428134755
ACCESSION NUMBER:		0001214659-21-004570
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210428
DATE AS OF CHANGE:		20210428
EFFECTIVENESS DATE:		20210428

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			3M CO
		CENTRAL INDEX KEY:			0000066740
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				410417775
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03285
		FILM NUMBER:		21863222

	BUSINESS ADDRESS:	
		STREET 1:		3M CENTER
		STREET 2:		BLDG. 220-13E-26A
		CITY:			ST PAUL
		STATE:			MN
		ZIP:			55144-1000
		BUSINESS PHONE:		6517331474

	MAIL ADDRESS:	
		STREET 1:		3M CENTER
		STREET 2:		BLDG. 220-13E-26A
		CITY:			ST. PAUL
		STATE:			MN
		ZIP:			55144-1000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MINNESOTA MINING & MANUFACTURING CO
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shareholder Commons
		CENTRAL INDEX KEY:			0001858988
		IRS NUMBER:				843285119
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 7545
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19803-545
		BUSINESS PHONE:		302-593-0917

	MAIL ADDRESS:	
		STREET 1:		PO BOX 7545
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19803-545
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>p428212px14a6g.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States Securities and Exchange Commission<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NOTICE OF EXEMPT SOLICITATION<BR>
Pursuant to Rule 14a-103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOTICE OF EXEMPT SOLICITATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to Rule 14a-103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: 3M Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of persons relying on exemption: he Shareholder Commons Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address of persons relying on exemption: PO Box 7545, Wilmington, Delaware
19803-545</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g) (1) promulgated
under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule, but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal"><B><U>SHAREHOLDER
REBUTTAL TO 3M CCOMPANY</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Shareholder Commons urge you to vote <B>FOR</B> Proposal 6 on the
proxy, the shareholder proposal requesting that 3M Company (&ldquo;3M&rdquo; or the &ldquo;Company&rdquo;) convert from a conventional
corporation to a public benefit corporation (PBC).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Shareholder Commons is a non-profit organization that seeks to
shift the paradigm of investor thinking away from a narrow and harmful focus on individual company value towards a systems-first approach
to investing that better serves beneficiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Summary </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Proposal</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Proposal requests the board of directors to take steps necessary
to convert 3M to a public benefit corporation (PBC). A PBC operates just like a conventional corporation, except that it can make decisions
that promote the interests of stakeholders, such as employees and communities, without having to justify those decisions as also advancing
shareholders&rsquo; interest in receiving profits and financial gains from the corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Management Misses the Point</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The purpose of the Proposal is to address a tension between the need
for corporations to authentically account for all their impacts and a perceived legal requirement to privilege financial return to shareholders
over any other stakeholder interest. The Proposal&rsquo;s suggested resolution&mdash;conversion to a public benefit corporation&mdash;has
been celebrated by Leo Strine, the leading corporate commentator of his generation and the former Chief Justice of Delaware, the state
in which 3M is incorporated. Chief Justice Strine has argued that conversion to PBC status could resolve the contradiction between the
company-first shareholder primacy of conventional corporation law and the need for corporations to account for the full impact of their
business operations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in"><I>So how to resolve this legal impasse? A recent innovation offers
a sensible answer. &hellip; [T]he benefit corporation &mdash; [] puts legal force behind the idea that a business should have a positive
purpose, commit to do no harm, seek sustainable wealth creation, and treat all its stakeholders with equal respect.<SUP>1</SUP></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its opposition statement, 3M demonstrates that it has not even considered
the gap between what it can do to address stakeholder interests in its current, conventional corporate form and what it would be able
to do as a PBC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Why You Should Support this Resolution</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Almost all of 3M&rsquo;s shareholders are diversified investors who
depend on an economy that succeeds for everyone over the long term. As a PBC, 3M will be able to account directly for the long-term risks
created by corporate decisions that affect multiple stakeholders and the overall economy, something it cannot do now. This flexibility
will allow 3M to protect you as a diversified shareholder by limiting activities that undermine the healthy systems necessary for a successful
economy, even if such limits have not been justified based on their anticipated impact on the Company&rsquo;s own long- or short-term
rates of return. As a conventional corporation, directors may fear they will breach their fiduciary duties if they make decisions that
might undercut the individual company&rsquo;s financial returns for the sake of <FONT STYLE="font-size: 10pt">broader market or systemic
concerns.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>_____________________________</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U><SUP>1</SUP></U> Robert G. Eccles, Leo E. Strine, and Timothy Youmans,
<I>3 Ways to Put Your Corporate Purpose into Action, </I><FONT STYLE="font-variant: small-caps">Harvard Business Review</FONT> (May 13,
2020), available at https://hbr.org/2020/05/3-ways-to-put-your-corporate-purpose-into-action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Why the PBC structure is better for 3M shareholders</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Conventional corporate law is interpreted to require corporations to
prioritize the interests of their shareholders in financial returns from the company. As a leading Delaware law firm explained, &ldquo;If
the interests of the stockholders and the other constituencies conflict&hellip; the board&rsquo;s fiduciary duties require it to act in
a manner that furthers the interests of the stockholders.&rdquo;<SUP>2</SUP> This rule, called &ldquo;shareholder primacy,&rdquo; has
been interpreted by the courts to require a company to optimize long-term financial returns to shareholders, ultimately received through
dividends, buybacks, and stock appreciation. But this company-first approach fails to recognize that an individual company may profit
from activity that undermines the social and environmental fabric upon which the vast majority of diversified shareholders depend. And
it is this approach that has driven 3M to declare that it will only reduce emissions to the extent it can do so while delivering &ldquo;higher
returns.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The Problem with Company-First Shareholder Primacy</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The tension between company-first shareholder primacy and the needs
of diversified investors is demonstrated by a recent study, which determined that <B>publicly listed companies imposed impose social and
environmental costs on the economy equal to more than half of their profits</B>. Those costs&mdash;$2.2 trillion annually&mdash;equal
more than 2.5% of global GDP.<SUP>3</SUP> From the point of view of a diversified shareholder, <B>these companies are only half as valuable
as their income statements would indicate</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a conventional corporation, 3M is bound to participate in this shell
game, making profits that optimize its long-term profitability even while engaging in activities that put the global economy at risk.
To the extent that 3M creates economic costs that lower GDP, the value of shareholders&rsquo; portfolios is reduced. Thus, by requiring
3M to prioritize financial return to shareholders above all else, the fiduciary requirements of conventional corporation law threaten
the Company&rsquo;s own shareholders, the vast majority of whom are diversified.<SUP>4</SUP> <B>In other words, while 3M may increase
its isolated return to shareholders by applying the company-first shareholder primacy model and neglecting the costs that it externalizes,
its diversified shareholders will ultimately pay these costs.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The PBC Form Creates Obligations that Protect Diversified Shareholders</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In contrast to a conventional corporation, which must operate under
the company-first shareholder primacy model, a PBC is expected to operate in a &ldquo;responsible and sustainable manner,&rdquo;<SUP>5</SUP>
and to balance th<FONT STYLE="font-size: 10pt">ree considerations: </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>The shareholders&rsquo; financial interests;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/harringtonjpmorgan020121-14a8.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> <FONT STYLE="font-size: 10pt">Andrew Howard, <I>SustainEx:
Examining the social value of corporate activities, </I>Schroders (April 2019), available at https://www.schroders.com/en/sysglobalassets/digital/insights/2019/pdfs/sustainability/sustainex/sustainex-short.pdf.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> Indeed, as of March 15, 2021, 3M&rsquo;s top three holders
of its shares were mutual fund companies with indexed or otherwise broadly diversified portfolios.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> 8 <U>Del. C</U>. &sect;362.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>The best interests of those materially affected by the corporation&rsquo;s conduct; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>A public benefit or benefits specified in the corporation&rsquo;s certificate of incorporation.<SUP>6</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This new obligation would allow 3M to prioritize interests of stakeholders,
who can be affected by externalized costs. <B>This change in focus would permit 3M, as a PBC, to reduce its external costs in a manner
that is optimized for healthier systems and better financial returns for diversified shareholders, rather than optimizing for its own
internal rate of return.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>How the New Obligations Could Affect 3M</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Inequality</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3M has 96,902 full-time, part-time, temporary, and seasonal workers,
the median compensation for whom was $67,109 in 2020. 3M&rsquo;s CEO received $20,700,347 in compensation that year, so that the CEO&rsquo;s
compensation was 308 times that of the median employee. This lacuna is indicative of growing inequality around the world.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indeed, another shareholder has separately proposed (Item 5 in the
Proxy Statement) that the Company account for the compensation of all employees when setting CEO compensation. As that shareholder explains:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in"><I>In 2019, the average S&amp;P 500 CEO made 264 times that of their
median employee. For our Company, the CEO/median employee ratio calculated in 2019 was 319 to 1. According to the 2006 report The State
of Working America the ratio of CEO pay to average worker pay has risen from 35 to 1 in 1979, to 71 to 1 in 1989, to 248 to 1 in 1998.
The current system of determining CEO compensation without taking into account the pay of average company employees has led to glaring
inequality between the workers who make our company what it is and the person who sits at the top.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inequality not only harms employees and their families, but also degrades
social systems and communities. According to the Economic Policy Institute, income inequality is slowing U.S. economic growth by reducing
demand by 2-4%.<SUP>7</SUP> This drag on GDP directly reduces the return on a diversified portfolio over the long term.<SUP>8</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To date, while the Company may have taken steps to address inequality,
it has done so within the confines of company-first shareholder primacy. Addressing inequality may not always align with an interest in
increasing company financial return, and in the face of such conflicting interests, the Board will be obligated to privilege financial
return until 3M becomes a PBC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>_____________________________</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><SUP>6</SUP></I> 8 <U>Del. C</U>. &sect;365.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><SUP>7</SUP></I> Josh Bivens, <I>Inequality is slowing U.S. economic
growth: Faster wage growth for low- and middle-wage workers is the solution,</I> Economic Policy Institute (December 12, 2017), available
at https://www.epi.org/publication/secular-stagnation/. <I>See also </I>Heather Boushey, <I>Unbound: How Inequality Constricts Our Economy
and What We Can Do about It </I>(2019).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><SUP>8</SUP></I> Ibid n. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Toxic Chemicals</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3M was a leading producer of toxic per- and polyfluoroalkyl substances
(PFAS) for decades, which it used to manufacture nonstick and stain-resistant coatings for use in products such as Teflon and ScotchGard.
PFAS cause numerous adverse health effects, according to the U.S. Environmental Protection Agency.<SUP>9</SUP> 3M was aware of these issues
for decades, but hid the information.<SUP>10</SUP> Currently, 3M has a website called &ldquo;The Facts on PFAS&rdquo; that downplays the
concern.<SUP>11</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In February 2021, the Biden administration announced the initiation
of new actions regarding these chemicals.<SUP>12</SUP> In response, the Company said, &ldquo;3M continues to support SDWA [Safe Drinking
Water Act] regulations for PFOA and PFOS that are based on the best available science. As stated before Congress in 2019, we support federal
regulations for PFAS that are rooted in the sound science and follow NAS standards and protocols. We welcome EPA&rsquo;s announcement
that it will move forward with the regulatory process for PFOA and PFOS under the SDWA and look forward to sharing our perspectives and
research with the Administration.&rdquo;<SUP>13</SUP> Finally, on April 27, the EPA Administrator announced a new EPA Council on PFAS.&rdquo;<SUP>14</SUP>
Yet these regulations could prove very costly to 3M, and it may continue to fight rules that reduce its profitability, even if they protect
the planet.<SUP>15</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a conventional corporation, 3M is required to review issues around
these and other chemicals through a company-first, financial return lens, rather than accounting for the pernicious effects its operational
and political influence strategies may have on the stakeholders and the diversified shareholders dependent on a resilient environment.
By converting to a PBC, 3M will be able to cooperate in resolving these issues in a manner that preserves critical social and environmental
systems, even if the resolution reduces financial return.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">More generally, as a PBC, 3M could take actions that reduce any number
of externalities in order to improve local and global economies and returns to diversified shareholders even if the actions reduced its
long-term internal rate of return. Such actions might involve unilateral reduction of production, an authentic political and public influence
program that supported limits on chemical emissions, or following extra-legal guardrails mediated by shareholders, industry groups, or
others. As a PBC, 3M would not be obligated to take these actions, but it would have the option to do so, expanding the range of choices
available to the board and management to authentically protect the broad interests of its diversified shareholders and other stakeholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_________<FONT STYLE="font-size: 10pt">____________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> U.S. Environmental Protection Agency https://www.epa.gov/pfas
(last visited April 27, 2021). Health effects include developmental defects in fetuses, testicular and kidney cancer, liver tissue damage,
immune system and thyroid effects, and changes in cholesterol.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> <I>3M Knew About the Dangers Of PFAs And PFOs Decades
Ago, Internal Documents Show, </I>The Intercept (July 31, 2018) https://theintercept.com/2018/07/31/3m-pfas-minnesota-pfoa-pfos/ (last
visited April 28, 2021).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> https://www.pfasfacts.com/ (last visited April 28, 2021).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://www.epa.gov/newsreleases/epa-takes-action-address-pfas-drinking-water
(last visited April 28, 2021).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> https://news.3m.com/English/3m-stories/3m-details/2021/3M-Responds-to-Biden-Administration-PFAS-Actions/default.aspx
(last visited April 28, 2021).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.epa.gov/newsreleases/epa-administrator-regan-establishes-new-council-pfas
(last visited April 28, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> Brian Sozzi, <I>Why 3M is spending $1 billion to help
improve Mother Earth </I>(February 16, 2021) (&ldquo;3M has been hit with lawsuits on PFAS, and Wall Street remains concerned about a
large liability if the Biden administration deems the chemicals hazardous.&rdquo;) https://finance.yahoo.com/news/why-3-m-is-spending-1-billion-to-help-improve-mother-earth-211848269.html
(last visited April 27, 2021).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Signing the BRT Statement alone does not address company-first
shareholder primacy</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>3M&rsquo;s Commitment under the BRT Statement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In August 2019, the Company made a commitment to stakeholders by signing
the Business Roundtable Statement on the Purpose of a Corporation (the BRT Statement).<SUP>16</SUP> That commitment will remain an empty
promise unless 3M becomes a PBC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Specifically, the statement says, &ldquo;While each of our individual
companies serves its own corporate purpose,&nbsp;<U>we share a fundamental commitment to all of our stakeholders,</U>&rdquo; including
customers, employees, suppliers, and the communities in which companies work. Were 3M able to authentically adhere to the BRT Statement,
it could address some of the problems created by company-first shareholder primacy. However, as explained above, the legal rules that
govern 3M have been authoritatively interpreted to require it to subordinate important stakeholder interests when they diverge from those
of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As a conventional corporation, 3M cannot shake the specter of company-first
shareholder primacy and the constant concern that any significant decision it makes must be consistent with optimizing its financial return.
Thus, the BRT Statement accomplishes little, but it does leave 3M vulnerable to the charge of hypocrisy and violation of trust, because
it has publicly made a pledge that it cannot adhere to consistently when profits and systemic risks collide.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Conversion to a PBC would allow 3M to follow through on the BRT Statement,
improve the lives of its stakeholders, and increase the long-term value of the portfolios of its diversified shareholders. It will be
able to focus on the creation of real value for all stakeholders and reject profits that come from the exploitation of vulnerable populations
and common resources. Indeed, because it will be able to give full weight to stakeholder concerns, 3M will earn their trust and loyalty
in a manner not available to companies that follow a company-first sh<FONT STYLE="font-size: 10pt">areholder primacy model.<SUP>17</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> https://system.businessroundtable.org/app/uploads/sites/5/2021/02/BRT-Statement-on-the-Purpose-of-a-Corporation-Feburary-2021-compressed.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> <I>See</I> Frederick Alexander, <FONT STYLE="font-variant: small-caps">Benefit
Corporation Law and Governance: Pursuing Profit with Purpose </FONT>p<FONT STYLE="font-variant: small-caps">. 48 (2018) (&ldquo;</FONT>The
Paradox of the Value of Commitment: The Concession that Isn&rsquo;t&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Reaction to the BRT Statement Confirms the Advisability of Converting
to a PBC</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The reaction to the BRT Statement&rsquo;s issuance revealed a degree
of skepticism that turned out to be well placed. One skeptical commentator noted that &ldquo;For many of the BRT signatories, truly internalizing
the meaning of their words would require rethinking their whole business.&rdquo;<SUP>18</SUP> Others noted the importance of the change,
but also that it was meaningless without ending shareholder primacy:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in"><I>Ensuring that our capitalist system is designed to create a shared
and durable prosperity for all requires this culture shift. But it also requires corporations, and the investors who own them, to go beyond
words and take action to upend the self-defeating doctrine of shareholder primacy.<SUP>19</SUP></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Still others viewed the entire exercise as a PR stunt, and one that
ultimately could harm the very stakeholders the BRT Statement purported to support. &ldquo;The statement is largely a rhetorical public
relations move rather than the harbinger of meaningful change,&rdquo; asserted a Harvard Law School article, noting that the incentives
CEOs face had not changed, so neither would their behavior.<SUP>20</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sadly, evidence of the false promise of the BRT Statement has begun
to emerge. For example, Wharton management professor Tyler Wry compiled data on signatories&rsquo; behavior through the early stages of
the COVID-19 pandemic to see if they were &ldquo;living up to their word.&rdquo; He found quite the reverse, as a recent article explains:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in"><I>As COVID-19 spread in March and April, did signers give less of
their capital to shareholders (via dividends and stock buybacks)? No. On average, signers actually paid out 20 percent&nbsp;more&nbsp;of
their capital than similar companies that did&nbsp;not&nbsp;sign the statement. Then, as the coronavirus swept the country, did they lay
off fewer workers? On the contrary, in the first four weeks of the crisis, Wry found, signers were almost 20 percent more prone to announce
layoffs or furloughs. Signers were less likely to donate to relief efforts, less likely to offer customer discounts, and less likely to
shift production to pandemic-related goods.<SUP>21</SUP></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">But PBC conversion represents a real solution, as Justice Strine noted
in the article quoted earlier i<FONT STYLE="font-size: 10pt">n this document. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>3M&rsquo;s opposition statement </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s opposition statement to the Proposal does not address
the underlying question of whether converting to PBC status will benefit its shareholders. Its <FONT STYLE="font-family: Times New Roman, Times, Serif">claim
that its existing commitments and practices already address the proposal&rsquo;s underlying objectives is misleading because it can only
consider stakeholders as part of a company-first analysis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> Andrew Winston, <I>Is the Business Roundtable Statement
Just Empty Rhetoric?</I>, <FONT STYLE="font-variant: small-caps">Harvard Business Review</FONT> (August 30, 2019), available at https://hbr.org/2019/08/is-the-business-roundtable-statement-just-empty-rhetoric.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> Jay Coan Gilbert, Andrew Kassoy, and Bart Houlahan, <I>Don&rsquo;t
believe the Business Roundtable has changed until its CEOs&rsquo; actions match their words</I>, <FONT STYLE="font-variant: small-caps">Fast
Company</FONT> (August 22, 2019), available at https://www.fastcompany.com/90393303/dont-believe-the-business-roundtable-has-changed-until-its-ceos-actions-match-their-words.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> Lucian Bebchuk and Roberto Tallarita, <I>The Illusory
Promise of Stakeholder Governance, </I><FONT STYLE="font-variant: small-caps">Harvard Law School Forum on Corporate Governance</FONT>
(March 2, 2020), available at https://corpgov.law.harvard.edu/2020/03/02/the-illusory-promise-of-stakeholder-governance/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> Jerry Useem, <I>Beware of Corporate Promises: When firms
issue statements of support for social causes, they don&rsquo;t always follow through, </I><FONT STYLE="font-variant: small-caps">The
Atlantic </FONT>(August 6, 2020), available at https://www.theatlantic.com/ideas/archive/2020/08/companies-stand-solidarity-are-licensing-themselves-discriminate/614947/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3M&rsquo;s claims that there is no need to become a PBC because it
is &ldquo;already carrying on its purpose-driven mission by taking all stakeholders into consideration in our long-term strategies and
business operations, and living the five principles of the BRT Statement, all of which are consistent with the General Corporation Law
of Delaware under which 3M is organized.&rdquo; This statement misses the critical difference between PBCs and conventional corporations.
Any such activity by a conventional corporation like 3M must be in service of financial return. In contrast, PBC directors can consider
the ultimate effect of their decisions on stakeholders <I>as ends in themselves</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">3M enumerates
a number of stakeholder concerns that it purports to address. This proposal in no way suggests that these initiatives are insignificant,
or that they do not produce real-world benefits. Rather, it recognizes the fact that 3M is limited in its pursuit of these initiatives
by its obligation </FONT>to prioritize financial return to shareholders above all else. <FONT STYLE="font-family: Times New Roman, Times, Serif">Thus,
consideration of stakeholders as 3M now practices it and as it would be practiced by a PBC are completely different. The opposition statement
does not reflect any consideration of this distinction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Conclusion</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Please vote FOR Proposal 6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By voting FOR Proposal 6, shareholders can urge 3M to become a PBC,
as hundreds of companies have already done. Becoming a PBC will permit 3M to better serve the needs of its diversified shareholders and
directly account for the critical social and environmental systems upon which a thriving economy depends. The stakeholder orientation
permitted by the PBC form is more likely to create value for diversified shareholders than the prevailing &ldquo;profit at any cost&rdquo;
approach that imposes substantial costs on those same shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Simply signing the BRT Statement is not sufficient to create the type
of corporation that can authentically serve the needs of all stakeholders and prevent the dangerous implications of company-first shareholder
primacy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The Shareholder Commons urges you to vote <B>FOR</B>
Proposal 6 on the proxy, the Shareholder Proposal requesting the Board to convert 3M to a Public Benefit Corporation at the 3M Company
Annual Meeting on May 11, 2021.<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>For questions regarding 3M Corp., Proposal 6 &ndash; submitted by
John Montgomery as trustee of The John Bishop Montgomery Trust, please contact Sara E. Murphy, <FONT STYLE="font-size: 10pt">The Shareholder
Commons at +1.202.578.0261 or via email at sara@theshareholdercommons.com. </FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tsc_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA
TELEPHONE, U.S. MAIL, E-MAIL, CERTAIN WEBSITES, AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS
A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROXY CARDS WILL NOT BE ACCEPTED BY FILER NOR
BY THE SHAREHOLDER COMMONS.<BR>
TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">9</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2px solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tsc_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tsc_logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0!F17AI9@  34T *@    @ ! $:  4
M   !    /@$;  4    !    1@$H  ,    !  (   $Q  (    0    3@
M      !@     0   &     !<&%I;G0N;F5T(#0N,"XU /_; $,  0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! ?_; $,! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! ?_  !$( '8
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MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@ , P$
M A$#$0 _ /[^**** "BBJE[?6FG6\MW?7$5K;0(TDL\\B111HH))9W90. 3C
M.3C R< @G)13E)J,4FVV[));MMZ)+JV6\U7N;NVM(7GN;B"WAC&YY9YHX8U
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MYIDOB_09]%F\-6WBY)27C3["8&E3@?#O[3'A_P"(&G_LGWVE_LZ^%;Z;XO\
MC/XR>&=&TO4M4T%+GX6?$OX16OC6/7[S2[N7PO+:3Z3>WW@S7+=O$VE-I^N&
MQNH;N/1+V>>33U^E[/\ 9^N;7XM_"?XLGQ=%)??"OX+>)_@Y;Z./#ICM-:M_
M%-]X*U&\UZ:Z.OR36,\%UX%TH6UA'%<QBWN;^.6ZEDDMY;7S+X>?L:'X?I\
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M-/\ &.NZ#X:\.WVD7.E>+=1\->$;[3C++XDOM&LKK4Y$T"TNP+6>[@WM9_9
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M$O%=^;[X6>(X9F=Y]*LC=6]U;6UH,G[!IGB>QUFVM)'']GZSH,44)BA\(?\
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MITE:G3C!?W8I'KX#),GRJ*CEN5X# Q6WU7"T:+73>$$]O,Z"BBBM#U HHHH
&**** /_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
