Lockheed Martin Announces Executive Leadership Changes

Ticker: LMT · Form: 8-K · Filed: 2024-05-24T00:00:00.000Z

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

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.

From the Filing

0000936468-24-000066.txt : 20240524 0000936468-24-000066.hdr.sgml : 20240524 20240524083543 ACCESSION NUMBER: 0000936468-24-000066 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 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 FILED AS OF DATE: 20240524 DATE AS OF CHANGE: 20240524 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: 24980975 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. 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

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