Summary
This 8-K filing reports on the outcomes of Lockheed Martin Corporation's (LMT) Annual Meeting of Stockholders held on April 25, 2019. The meeting saw a high quorum of 92.98% of outstanding shares represented, indicating strong shareholder engagement. All key proposals presented to the stockholders passed with significant majority support, including the election of ten directors, the ratification of Ernst & Young LLP as independent auditors for 2019, and an advisory vote to approve executive compensation (Say-on-Pay).
Key Highlights
- 1High shareholder participation with 92.98% quorum at the Annual Meeting.
- 2All ten incumbent directors were overwhelmingly elected to serve until the 2020 Annual Meeting.
- 3Ernst & Young LLP was ratified as the independent auditor for the fiscal year ending December 31, 2019.
- 4Shareholders approved, on an advisory basis, the compensation of the Named Executive Officers (Say-on-Pay).
- 5A stockholder proposal to amend the proxy access bylaw was rejected by a substantial margin.