DEFA14A: Lockheed Martin: Stockholder Proposal Withdrawn Ahead of 2025 Annual Meeting

The Bahnsen Family Trust has withdrawn Proposal 6 regarding a report on hiring/recruitment discrimination from Lockheed Martin's upcoming 2025 Annual Meeting.

Summary

• Lockheed Martin Corporation announced a supplement to its 2025 Proxy Statement.
• The supplement addresses the withdrawal of Proposal 6, which requested a report on hiring/recruitment discrimination.
• The Bahnsen Family Trust, the proponent of Proposal 6, withdrew the proposal effective April 7, 2025.
• Proposal 6 will not be presented or voted upon at the 2025 Annual Meeting on May 9, 2025.
• Votes cast regarding Proposal 6 will not be tabulated or reported.
• All other proposals and nominations included in the Proxy Statement will proceed as originally stated.
• Existing proxy cards and voting instruction forms remain valid, and the company will not distribute new ones.
• Votes already submitted for other items remain valid and will be voted at the Annual Meeting.
• Stockholders who have already voted do not need to take any action unless they wish to change or revoke their vote.
• Stockholders who have not yet voted are encouraged to submit their vote as soon as possible, disregarding Proposal 6.

Sentiment

Score: 7

Explanation: The document is neutral in tone, simply conveying information about a procedural change. It doesn't indicate any positive or negative business performance, so a score of 7 reflects its informational nature.

Positives

• The withdrawal of Proposal 6 simplifies the voting process for the upcoming Annual Meeting.
• Lockheed Martin is ensuring transparency by informing stockholders of the change and clarifying the voting procedure.

Future Outlook

The document does not contain any specific forward-looking statements regarding financial performance or business strategy beyond the procedural aspects of the Annual Meeting.

Industry Context

This announcement reflects standard corporate governance procedures related to shareholder proposals and proxy voting, common among publicly traded companies.

Stakeholder Impact

• Shareholders are informed about the withdrawal of a proposal and its impact on the voting process.
• The withdrawal may impact stakeholders interested in the topic of hiring/recruitment discrimination.

Next Steps

• Stockholders should submit their votes, disregarding Proposal 6.
• Lockheed Martin will proceed with the 2025 Annual Meeting on May 9, 2025.

Key Dates

Keywords

Lockheed Martin, Proxy Statement, Annual Meeting, Stockholder Proposal, Withdrawal, Voting, Discrimination, Hiring, Recruitment