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: July 1, 1996
(Date of earliest event reported)
MINNESOTA MINING AND MANUFACTURING COMPANY
(Exact name of registrant as specified in its charter)
File No. 1-3285
(Commission File Number)
Delaware 41-0417775
(State of incorporation) (I.R.S. Employer
Identification Number)
3M Center 55144-1000
St. Paul, Minnesota (Zip Code)
(Address of principal executive offices)
Registrant's telephone, including area code:(612) 733-1110
Item 5. Other Events.
On July 1, 1996, the distribution by Minnesota Mining and Manufacturing Company
(the "Registrant") of the common stock of Imation Corp. ("Imation") to the
Registrant's shareholders (the "Distribution") pursuant to a Transfer and
Distribution Agreement, dated as of June 18, 1996, between the Registrant and
Imation became effective. The Distribution resulted in the separation of the
Registrant's global data storage and imaging systems businesses from the
Registrant's other businesses.
The Distribution was effected as a special dividend of one share of Imation
common stock for every ten shares of common stock of the Registrant held of
record as of the close of business on June 28, 1996. Certificates for Imation
common stock will be mailed to holders of the Registrant's common stock on or
about July 15, 1996. As a result of the Distribution, 100% of the outstanding
shares of Imation common stock are being distributed to the registrant's
stockholders.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(b) A pro forma consolidated balance sheet as of March 31, 1996 and pro forma
consolidated income statements for the three-month period ended March 31, 1996
and for the year ended December 31, 1995 will not be filed since the transaction
described in Item 5 will be fully reflected in the Registrant's consolidated
balance as of June 30, 1996. In addition, since the disposition has been
classified as a discontinued operation in the Registrant's previously filed
consolidated financial statements, the Registrant's consolidated statements of
income for the year ended December 31, 1995 and for the interim periods of 1996
already reflects the disposition. At this time, all information necessary to
furnish the Registrant's financial statements referred to is not available. The
Registrant intends to file these financial statements on or before approximately
August 8, 1996.
(c) Exhibits.
2 Transfer and Distribution Agreement, dated as of June 18, 1996,
between the Registrant and Imation Corp. previously filed with the
Securities and Exchange Commission as Exhibit 2.1 of the Form 10
Registration Statement of Imation Corp., File 1-14310.
20 Imation Corp. Information Statement, dated June 19, 1996.
99.1 Press Release dated June 18, 1996.
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 thereunto duly authorized on the date indicated.
MINNESOTA MINING AND
MANUFACTURING COMPANY
By: /s/ Janet L. Yeomans
Janet L. Yeomans,
Vice President and Treasurer
Dated: July 23, 1996