Why did Jeh C. Johnson resign from the board?

According to the 8-K filing, Jeh C. Johnson notified the Board of Directors of his resignation effective November 13, 2024. The company explicitly stated that his departure does not involve any disagreement on matters relating to the company’s operations, policies, or practices.

Is this resignation a cause for concern for investors?

The filing indicates an amicable departure without any stated disagreements. While any change in board composition warrants attention, the lack of cited issues suggests this is not a red flag regarding the company's operational health or governance.

How long was Mr. Johnson a member of the Board?

Mr. Johnson had served on the Board of Directors for almost seven years.

LMT 8-K: Leadership Changes

Summary

Lockheed Martin Corporation (LMT) announced in an 8-K filing dated November 13, 2024, the resignation of Jeh C. Johnson from its Board of Directors, effective November 13, 2024. The company explicitly stated that Mr. Johnson's departure is not due to any disagreements regarding the company's operations, policies, or practices. This development represents a change in the composition of the board, though the company has affirmed it is an amicable separation.

Key Highlights

1Jeh C. Johnson resigns from the Lockheed Martin Board of Directors.
2Resignation is effective as of November 13, 2024.
3The company states the resignation is not related to any disagreements on operations, policies, or practices.
4Mr. Johnson served on the Board for nearly seven years.
5This filing pertains to Item 5.02, concerning departures of directors and certain officers.

LOCKHEED MARTIN CORP 8-K Report, Executive Changes (Nov 13, 2024)

Summary

Key Highlights

Frequently Asked Questions