================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported) January 14, 1999 ____________ LOCKHEED MARTIN CORPORATION (Exact name of registrant as specified in its charter) Maryland 1-11437 52-1893632 (State or other jurisdiction of (Commission File Number) (IRS Employer Incorporation) Identification No.) 6801 Rockledge Drive, Bethesda, Maryland 20817 (Address of principal executive offices) (Zip Code) (301) 897-6000 (Registrant's telephone number, including area code) ____________ Not Applicable (Former name or address, if changed since last report) ================================================================================
Item 5. Other Events On January 14, 1999, Mohammad Yousefi and David Kane, on behalf of themselves and on behalf of purchasers of Lockheed Martin Corporation ("Corporation") Common Stock between August 13, 1998 and December 23, 1998, filed a purported class action lawsuit against the Corporation and six of its officers and directors (Vance Coffman, Marcus Bennett, James Blackwell, Thomas Corcoran, Vincent Marafino and Norman Augustine). The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint further alleges that the statutory safe harbor provided for forward-looking statements does not apply to any of the allegedly false forward- looking statements contained in the Corporation's periodic reports. According to the complaint, class members were damaged because, in reliance on the integrity of the market, they paid artificially inflated prices for the Corporation's Common Stock. Plaintiffs seek a judgment awarding (a) damages and costs; (b) equitable or injunctive relief, including the imposition of a constructive trust upon defendants' insider-trading proceeds; and (c) other just and proper relief. The Corporation intends to vigorously defend against these claims.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LOCKHEED MARTIN CORPORATION By: /s/ Marian S. Block ------------------------------------ Marian S. Block Vice President, Associate General Counsel and Assistant Secretary 19 January 1999