Lockheed Martin Announces Executive Leadership Changes

Ticker: LMT · Form: 8-K · Filed: 2024-05-22T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, filing

Related Tickers: LMT

TL;DR

LMT board shakeup and exec changes announced, filing includes financials.

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 adjustments to compensatory arrangements for certain executives. The filing also includes financial statements and exhibits.

Why It Matters

Changes in executive leadership can signal shifts in company strategy or operational focus, potentially impacting future performance and investor confidence.

Risk Assessment

Risk Level: low — This filing primarily concerns routine executive and board changes, not a significant financial event or operational disruption.

Key Players & Entities

FAQ

What specific executive positions saw changes?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the exact positions in the provided text.

Were there any new directors elected?

Yes, the filing explicitly lists 'Election of Directors' as an item of information being reported.

What is the primary purpose of this 8-K filing?

The primary purpose is to report current information regarding the departure/election of directors, appointment of officers, and compensatory arrangements, as well as to file financial statements and exhibits.

When was this report filed with the SEC?

This report was filed on May 22, 2024.

What is Lockheed Martin Corporation's state of incorporation?

Lockheed Martin Corporation is incorporated in Maryland.

From the Filing

0000936468-24-000064.txt : 20240522 0000936468-24-000064.hdr.sgml : 20240522 20240522161556 ACCESSION NUMBER: 0000936468-24-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240521 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240522 DATE AS OF CHANGE: 20240522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 24973474 BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 8-K 1 lmt-20240521.htm 8-K lmt-20240521 0000936468 false 0000936468 2024-05-21 2024-05-21 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. Election of Dr. Heather Wilson to the Board of Directors On May 21, 2024, the Board of Directors of Lockheed Martin Corporation (the “Company”) elected Dr. Heather Wilson as a director of the Company, effective May 22, 2024. Dr. Wilson will serve on the Company’s Classified Business and Security Committee. The Board of Directors determined that Dr. Wilson is an “independent director” in accordance with the New York Stock Exchange listing standards, the rules and regulations of the Securities and Exchange Commission (“SEC”) and the Company’s corporate governance guidelines. Dr

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