Why did Anne Stevens resign from the Lockheed Martin Board of Directors?

Ms. Anne Stevens resigned because she was asked to assume the role of Interim Chief Executive of GKN plc.

Does this resignation impact Lockheed Martin's operations or financial performance?

No, this resignation is a board-level change and does not appear to affect Lockheed Martin's day-to-day operations or financial performance.

Is Anne Stevens an executive officer at Lockheed Martin?

No, Anne Stevens was a member of the Board of Directors, not an executive officer of Lockheed Martin.

When was the resignation effective?

The resignation was effective immediately on November 21, 2017.

LMT 8-K: Leadership Changes

Summary

Lockheed Martin Corporation (LMT) announced on November 21, 2017, the resignation of Ms. Anne Stevens from its Board of Directors, effective immediately. Ms. Stevens' departure was prompted by her request to assume the role of Interim Chief Executive of GKN plc. This event is a routine board composition change and does not appear to be related to any operational or financial issues within Lockheed Martin. Investors should note that Ms. Stevens was a director, and her resignation does not impact the executive leadership or ongoing business operations of Lockheed Martin.

Key Highlights

1Anne Stevens resigned from the Lockheed Martin Board of Directors.
2The resignation was effective immediately upon being accepted by the Board.
3The reason for resignation is Ms. Stevens' assumption of the role of Interim Chief Executive at GKN plc.
4The company accepted Ms. Stevens' resignation.
5This filing is under Item 5.02, which pertains to director and officer changes.

LOCKHEED MARTIN CORP 8-K Report, Executive Changes (Nov 21, 2017)

Summary

Key Highlights

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