LOCKHEED MARTIN CORP 8-K

What Happened
Lockheed Martin Corporation held its Annual Meeting of Stockholders on May 12, 2026 and filed the voting results in an 8-K. Of 230,462,118 shares outstanding as of the March 2, 2026 record date, 199,144,407 shares were represented at the meeting (86.41% quorum). Stockholders elected nine directors — John C. Aquilino; David B. Burritt; John M. Donovan; Thomas J. Falk; Vicki A. Hollub; Debra L. Reed‑Klages; James D. Taiclet; Heather A. Wilson; and Patricia E. Yarrington — to serve until the 2027 annual meeting.

Key Details

• Quorum and attendance: 199,144,407 shares represented out of 230,462,118 outstanding (86.41%).
• Director elections: All nine nominees were elected. Example tallies: John C. Aquilino — 158,633,512 for / 2,768,218 against / 3,026,600 abstentions (34,716,076 broker non‑votes). Thomas J. Falk had one of the higher against votes: 18,276,054 against.
• Say‑on‑Pay: Advisory approval of executive compensation passed — 148,179,585 for; 13,335,167 against; 2,913,579 abstentions; 34,716,076 broker non‑votes.
• Auditor ratification and shareholder proposal: Ernst & Young LLP was ratified as auditor (189,689,064 for; 7,551,414 against; 1,903,929 abstentions). A stockholder proposal to require an independent board chair was not approved (57,816,372 for; 103,555,181 against; 3,056,778 abstentions; 34,716,076 broker non‑votes).

Why It Matters
These results confirm board continuity and show majority shareholder support for management’s nominees and executive compensation, though notable opposition existed on pay and governance items. Ratification of Ernst & Young as auditor ensures continuity of the external audit relationship for 2026. The failure of the independent‑chair proposal indicates shareholders did not endorse changing the board chair structure at this meeting.