Lockheed Martin 8-K 2023-04-27

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 27, 2023

LOCKHEED MARTIN CORPORATION

(Exact name of registrant as specified in its charter)

(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:

Securities registered pursuant to Section 12(b) of the Act:

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 5.07 Submission of Matters to a Vote of Security Holders.

Lockheed Martin Corporation (the “Company”) held its Annual Meeting of Stockholders on April 27, 2023. Of the 254,518,944 shares outstanding and entitled to vote (as of the February 24, 2023 record date), 224,068,654 shares were represented at the meeting, or an 88.04% quorum. The final results of voting for each matter submitted to a vote of stockholders at the meeting are as follows:

Proposal 1 - Election of Directors

Elected the following 13 individuals to the Board of Directors (the “Board”) of the Company to serve as directors until the Annual Meeting of Stockholders in 2024 and until their successors have been duly elected and qualified:

Proposal 2 - Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)

Approved, on an advisory basis (non-binding), the compensation of our named executive officers as described in detail in the Compensation Discussion and Analysis and the accompanying tables in our 2023 proxy statement.

Proposal 3 - Advisory Vote on the Frequency of Holding Votes on Say-on-Pay

Approved, on an advisory basis (non-binding), a frequency period of one year (an annual vote) for future non-binding stockholder votes on the compensation of our named executive officers.

In addition, the Company has decided, consistent with the Board’s recommendation and the vote of stockholders, to include a stockholder vote on the compensation of executives in its proxy materials annually until the next required vote on the frequency of stockholder votes on the compensation of executives (which would be at the 2029 Annual Meeting of Stockholders unless presented earlier).

Proposal 4 - Ratification of Appointment of Independent Auditors

Ratified the appointment of Ernst & Young LLP as the Company’s independent auditors for the year ending December 31, 2023.

Proposal 5 - Stockholder Proposal Requiring Independent Board Chairman

Rejected a stockholder proposal requiring an independent board chairman.

Proposal 6 - Stockholder Proposal to Issue a Human Rights Impact Assessment Report

Rejected a stockholder proposal requesting that the Company issue a human rights impact assessment report.

Proposal 7 - Stockholder Proposal to Issue a Report on the Company's Intention to Reduce Full Value Chain GHG Emissions

Rejected a stockholder proposal requesting that the Board issue a report on the Company’s intention to reduce full value chain GHG emissions.

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.