Lockheed Martin Announces Executive and Director Changes

Ticker: LMT · Form: 8-K · Filed: 2024-12-11T00:00:00.000Z

Sentiment: neutral

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

Related Tickers: LMT

TL;DR

LMT board shakeup, new execs appointed, comp plans updated.

AI Summary

Lockheed Martin Corporation announced on December 11, 2024, changes in its executive team. The filing details the departure of directors or certain officers, the election of new directors, and the appointment of certain officers, along with updates to compensatory arrangements for these key individuals.

Why It Matters

Changes in executive leadership and board composition can signal shifts in company strategy, governance, and future performance.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance changes and executive appointments, which typically carry low inherent risk.

Key Players & Entities

FAQ

What specific roles have been affected by the executive and director changes?

The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but does not specify the exact roles in this summary.

Are there any details on the new compensatory arrangements for the appointed officers?

The filing mentions updates to compensatory arrangements of certain officers, but specific details are not provided in this summary.

When was the earliest event reported in this Form 8-K?

The earliest event reported was on December 11, 2024.

What is Lockheed Martin Corporation's state of incorporation?

Lockheed Martin Corporation is incorporated in Maryland.

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

The principal executive offices are located at 6801 Rockledge Drive, Bethesda, Maryland, 20817.

From the Filing

0000936468-24-000118.txt : 20241211 0000936468-24-000118.hdr.sgml : 20241211 20241211163107 ACCESSION NUMBER: 0000936468-24-000118 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20241211 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: 20241211 DATE AS OF CHANGE: 20241211 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: 241541940 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-20241211.htm 8-K lmt-20241211 0000936468 false 0000936468 2024-12-11 2024-12-11 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): December 11, 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 Admiral John C. Aquilino, U.S. Navy, Retired to the Board of Directors On December 11, 2024, the Board of Directors of Lockheed Martin Corporation (the “Company”) elected Admiral John C. Aquilino, U.S. Navy Retired as a director of the Company, effective December 11, 2024. Admiral Aquilino will serve on the Company’s Classified Business and Security Committee. The Board of Directors determined that Admiral Aquilino is an “independent director” in accordance with the New York Stock Exchange listing standards, the rules and regulations of the Securities and Exchange Commission

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