Summary
Lockheed Martin Corporation (LMT) has filed a Form 8-K to announce a routine amendment to its internal corporate policy statement, CPS-730, concerning compliance with Anti-Corruption Laws, including the Foreign Corrupt Practices Act (FCPA). This amendment is set to become effective on June 16, 2011. The filing is made in accordance with a 1976 consent order with the SEC, which requires Lockheed Martin to notify the SEC at least 10 days prior to any amendments to its FCPA compliance policies.
Key Highlights
- 1Lockheed Martin is amending its internal policy (CPS-730) on Anti-Corruption Law compliance, including the FCPA.
- 2The amendment is effective as of June 16, 2011.
- 3This filing is a routine update to internal procedures.
- 4The filing adheres to a 1976 SEC consent order requiring pre-notification of policy changes related to FCPA compliance.
- 5The amended policy (CPS-730) is included as an exhibit to the 8-K filing.
Frequently Asked Questions
The primary purpose is to inform the SEC and investors about a routine amendment to Lockheed Martin's internal policy statement (CPS-730) regarding compliance with Anti-Corruption Laws, such as the Foreign Corrupt Practices Act (FCPA).
Lockheed Martin is filing this Form 8-K to comply with a 1976 consent order with the SEC. This order requires the company to submit a Current Report at least 10 days before any amendment to its FCPA compliance policies becomes effective.
No, the filing describes this as a 'routine amendment to update the Corporation’s internal procedures.' It is not indicative of a new regulatory action or a significant new compliance issue, but rather a procedural update.
The amended policy, CPS-730, as proposed to be effective as of June 16, 2011, is included as an exhibit to this Form 8-K filing.