Lockheed Martin Announces Executive Leadership Changes
Ticker: LMT · Form: 8-K · Filed: May 24, 2024 · CIK: 936468
| Field | Detail |
|---|---|
| Company | Lockheed Martin CORP (LMT) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-of-directors, corporate-governance
Related Tickers: LMT
TL;DR
LMT board shakeup, new execs appointed effective May 21.
AI Summary
Lockheed Martin Corporation announced on May 21, 2024, changes in its executive leadership. The company elected new directors and appointed new officers, including changes to its compensation committee. These changes are effective as of May 21, 2024.
Why It Matters
Changes in key leadership roles at a major defense contractor like Lockheed Martin can signal shifts in strategic direction or operational focus.
Risk Assessment
Risk Level: low — The filing reports routine changes in board and executive positions, which are common corporate governance events.
Key Players & Entities
- LOCKHEED MARTIN CORPORATION (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
FAQ
What specific officer positions were affected by these changes?
The filing indicates the appointment of certain officers and changes related to the compensation committee, but does not specify individual officer titles beyond director elections.
Were there any departures of directors or certain officers mentioned?
The filing is titled to include 'Departure of Directors or Certain Officers', suggesting such events may have occurred, but the details are not elaborated in the provided text.
What is the effective date of these leadership changes?
The changes are effective as of May 21, 2024.
What is Lockheed Martin's state of incorporation?
Lockheed Martin Corporation is incorporated in Maryland.
What is the SIC code for Lockheed Martin?
The Standard Industrial Classification (SIC) code for Lockheed Martin is 3760, which corresponds to Guided Missiles & Space Vehicles & Parts.
Filing Stats: 443 words · 2 min read · ~1 pages · Grade level 12.7 · Accepted 2024-05-24 08:35:43
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value LMT New York Stock Exchange
Filing Documents
- lmt-20240521.htm (8-K) — 27KB
- 0000936468-24-000066.txt ( ) — 148KB
- lmt-20240521.xsd (EX-101.SCH) — 2KB
- lmt-20240521_lab.xml (EX-101.LAB) — 21KB
- lmt-20240521_pre.xml (EX-101.PRE) — 12KB
- lmt-20240521_htm.xml (XML) — 3KB
From the Filing
lmt-20240521 UNITED STATES 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 (Date of earliest event reported): May 21, 2024 LOCKHEED MARTIN CORPORATION (Exact name of registrant as specified in its charter) Maryland 1-11437 52-1893632 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 6801 Rockledge Drive Bethesda, Maryland 20817 (Address of principal executive offices) (Zip Code) ( 301 ) 897-6000 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1 par value LMT New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 21, 2024, Ilene S. Gordon notified the Board of Directors of Lockheed Martin Corporation (the "Company") that she was resigning from the Board of Directors, effective May 24, 2024. Ms. Gordon's resignation does not involve a disagreement on any matter relating to the Company's operations, policies or practices. The Company thanks Ms. Gordon for her eight years of service on the Company's Board of Directors, including her leadership role serving as the chair of the Management Development & Compensation Committee from 2019 to 2023. 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 hereunto duly authorized. Lockheed Martin Corporation (Registrant) Date: May 24, 2024 By: /s/ John E. Stevens John E. Stevens Vice President and Associate General Counsel