Summary
This 8-K filing from Lockheed Martin Corporation (LMT) on June 2, 2010, primarily reports the departure of its Senior Vice President and General Counsel, James B. Comey. Mr. Comey is leaving to join Bridgewater Associates, LP after serving in his role since September 2005. His departure marks a change in a key executive position within the company. While the filing details Mr. Comey's extensive background, including previous roles in the U.S. Department of Justice and private law practice, the core investor takeaway is the executive transition. Lockheed Martin indicated that Mr. Comey will remain with the company through June 24 to facilitate a smooth handover and that a replacement is expected to be named soon. Investors should monitor future filings for the announcement of the new General Counsel.
Key Highlights
- 1James B. Comey, Senior Vice President and General Counsel of Lockheed Martin, is departing the company.
- 2Mr. Comey is leaving to take a position at Bridgewater Associates, LP.
- 3He has served as Senior Vice President and General Counsel since September 2005.
- 4Mr. Comey will continue to serve in his role through June 24, 2010, to ensure a smooth transition.
- 5Lockheed Martin expects to name a replacement for the General Counsel position in the near future.
- 6Mr. Comey has a notable background, including previous roles as Deputy Attorney General and U.S. Attorney.