|
|
|
|
|
|
|
Maryland
|
1-11437
|
52-1893632
|
|
(State or other jurisdiction
|
(Commission file number)
|
(I.R.S. Employer
|
|
of incorporation)
|
|
Identification No.)
|
|
|
|
|
|
6801 Rockledge Drive
|
|
|
|
Bethesda,
|
Maryland
|
|
20817
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol
|
Name of each exchange on which registered
|
Common Stock, $1 par value
|
LMT
|
New York Stock Exchange
|
|
•
|
Mr. Taiclet will receive an annual base salary of $1,700,000.
|
•
|
Mr. Taiclet will be eligible to receive a target annual incentive of 175% of salary for 2020 under the Lockheed Martin Corporation Amended and Restated 2006 Management Incentive Compensation Plan ("MICP"), a copy of which is filed as Exhibit 10.4 to the Corporation's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019 and incorporated herein by reference. Any MICP bonus awarded to Mr. Taiclet by the Board of Directors for 2020 service will be prorated based on time in the role.
|
•
|
Mr. Taiclet will also be eligible to receive a long-term incentive ("LTI") award opportunity for 2020 of $14,000,000, allocated 50% in Performance Stock Units (PSUs), 30% in Restricted Stock Units (RSUs) and 20% in the cash-based Long-Term Incentive Performance award (LTIP). The RSUs if granted will cliff-vest 100% after three years from the date of grant, while the vesting of the PSUs and LTIP if granted will be based
|
Exhibit No.
|
|
Description
|
99.1
|
|
|
104
|
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
|
|
Lockheed Martin Corporation
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
Date: March 16, 2020
|
By:
|
/s/ Kerri R. Morey
|
|
|
|
Kerri R. Morey
|
|
|
|
Vice President and Associate General Counsel
|
|