Summary
This 8-K filing from 3M Company, filed on March 5, 2014, primarily announces a business segment realignment that became effective during the first quarter of 2014. The company is providing supplemental unaudited historical sales and operating income data for prior periods (2011-2013) to reflect this new structure. This information is furnished to allow investors to better understand and compare historical performance under the updated segment reporting. Investors should note that the company did not operate under this realigned structure in prior periods, and comparative results will officially commence with the first quarter 2014 10-Q filing. The provided data is intended as supplementary and is furnished rather than filed, meaning it does not carry the same liability implications as formally filed information under Section 18 of the Exchange Act.
Key Highlights
- 13M Company is realigning its business segments, effective in Q1 2014.
- 2Supplemental historical financial data (sales and operating income) for 2011-2013 is being provided to reflect the new segment structure.
- 3This realignment involves the transfer of a product line between divisions and across business segments.
- 4The company will begin reporting comparative results under the new structure in its Q1 2014 Form 10-Q.
- 5The furnished information is unaudited and for informational purposes, not subject to Section 18 of the Exchange Act liabilities.