Summary
Lockheed Martin Corporation (LMT) filed a Form 8-K on March 27, 2014, to disclose routine amendments to its internal Corporate Policy Statement CPS-730 (Compliance with the Anti-Corruption Laws) and Cross Function Procedure CRX-011 (International Consultants). These updates, effective ten days after the filing, are intended to reflect title and officer changes within the company's compliance framework related to anti-corruption laws and the engagement of international consultants. This filing is made on behalf of the former subsidiary, Lockheed Corporation, to fulfill a 1976 Consent Agreement with the SEC. The agreement mandates that Lockheed file a Form 8-K at least ten days prior to the effectiveness of any amendments to its policies concerning the Foreign Corrupt Practices Act. Investors should note that these amendments are procedural and do not appear to indicate any new or heightened compliance issues or operational changes at this time.
Key Highlights
- 1Routine amendments to internal anti-corruption and international consultant policies filed.
- 2Updates reflect title and officer changes, not new compliance concerns.
- 3Filing fulfills a 1976 SEC Consent Agreement requirement for Lockheed Corporation.
- 4Policies subject to amendment are CPS-730 (Anti-Corruption Laws) and CRX-011 (International Consultants).
- 5Amendments become effective ten days after the filing date of March 27, 2014.
- 6No new financial impacts or operational changes are indicated by this filing.