Lockheed Martin Announces Executive Leadership Changes

Ticker: LMT · Form: 8-K · Filed: 2024-11-13T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-of-directors, governance

Related Tickers: LMT

TL;DR

LMT board shakeup: Director Frank St. John out, new directors in. Compensatory arrangements adjusted.

AI Summary

Lockheed Martin Corporation announced on November 13, 2024, changes in its executive leadership. Specifically, the company reported the departure of Director Frank St. John and the election of new directors, along with adjustments to compensatory arrangements for certain officers.

Why It Matters

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

Risk Assessment

Risk Level: low — The filing details routine executive and director changes, which are common corporate governance events and do not inherently indicate significant financial or operational risk.

Key Players & Entities

FAQ

Who is the departing director mentioned in the filing?

The filing mentions the departure of Director Frank St. John.

What is the date of the earliest event reported in this 8-K?

The date of the earliest event reported is November 13, 2024.

What are the main items covered in this 8-K filing?

This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

In which state is Lockheed Martin Corporation incorporated?

Lockheed Martin Corporation is incorporated in Maryland.

What is the principal executive office address for Lockheed Martin Corporation?

The principal executive office is located at 6801 Rockledge Drive, Bethesda, Maryland 20817.

From the Filing

0000936468-24-000112.txt : 20241113 0000936468-24-000112.hdr.sgml : 20241113 20241113170351 ACCESSION NUMBER: 0000936468-24-000112 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241113 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241113 DATE AS OF CHANGE: 20241113 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: 241455503 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-20241113.htm 8-K lmt-20241113 0000936468 false 0000936468 2024-11-13 2024-11-13 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): November 13, 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 November 13, 2024, Jeh C. Johnson notified the Board of Directors of Lockheed Martin Corporation (the “Company”) that he was resigning from the Board of Directors, effective November 13, 2024. Mr. Johnson’s resignation does not involve a disagreement on any matter relating to the Company’s operations, policies or practices. The Company thanks Mr. Johnson for his almost seven years of service on the Company’s Board of Directors. 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 Ma

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