Lockheed Martin Announces Executive and Director Changes

Ticker: LMT · Form: 8-K · Filed: 2025-04-17T00:00:00.000Z

Sentiment: neutral

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

Related Tickers: LMT

TL;DR

LMT shakes up leadership, new execs and directors appointed effective April 16.

AI Summary

Lockheed Martin Corporation announced on April 16, 2025, changes in its executive leadership. The company appointed new officers and elected new directors, effective April 16, 2025. These changes are part of the company's ongoing governance and operational adjustments.

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, potentially impacting its business and stock performance.

Risk Assessment

Risk Level: low — This filing reports 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

What specific officer positions were affected by these changes?

The filing indicates the appointment of certain officers but does not specify the exact positions in the provided text.

Who are the newly elected directors?

The filing states that directors were elected but does not name them in the provided text.

Are these changes related to any specific strategic initiatives?

The filing does not provide details linking these changes to specific strategic initiatives.

What is the effective date of these appointments and elections?

The effective date for the departure of directors, election of directors, appointment of officers, and compensatory arrangements is April 16, 2025.

Does this filing mention any changes to executive compensation arrangements?

Yes, the filing indicates that it covers 'Compensatory Arrangements of Certain Officers'.

From the Filing

0000936468-25-000026.txt : 20250417 0000936468-25-000026.hdr.sgml : 20250417 20250417102535 ACCESSION NUMBER: 0000936468-25-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250416 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250417 DATE AS OF CHANGE: 20250417 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 EIN: 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: 25845478 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-20250416.htm 8-K lmt-20250416 0000936468 false 0000936468 2025-04-16 2025-04-16 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): April 16, 2025     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 April 17, 2025, Lockheed Martin Corporation (“Lockheed Martin” or the “Company”) announced that Jay Malave, its Chief Financial Officer, advised the Company of his intention to pursue other opportunities outside of the Company. Mr. Malave’s departure is not related to any financial or accounting issue or any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On April 17, 2025, Lockheed Martin also announced that Evan T. Scott has been appointed Chief Financial Officer to replace Mr. Malave effective April 17, 2025. Mr. Scott, age 48, has served as Vice President and Chief Financial

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