UNITED STATES
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): June 27, 2019
LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
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) | |
(301) 897-6000 | ||
(Registrant’s telephone number, including area code) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, $1 par value | LMT | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2019, Lockheed Martin Corporation (“Lockheed Martin” or the “Corporation”) announced that Dale P. Bennett will be retiring from the Corporation. He will step down as Executive Vice President of the Corporation's Rotary and Mission Systems business segment on August 26, 2019 in anticipation of his retirement but will remain an employee until the end of the year.
On June 27, 2019 the Board of Directors appointed Frank A. St. John, currently Executive Vice President of the Corporation's Missiles and Fire Control business segment, to succeed Mr. Bennett as Executive Vice President of the Rotary and Mission Systems business segment. The Board of Directors elected Scott T. Greene, currently Vice President of Tactical and Strike Missiles in Lockheed Martin's Missiles and Fire Control business segment, to succeed Mr. St. John as Executive Vice President of Missiles and Fire Control. Both changes are effective August 26, 2019.
Mr. Greene, age 61, has served as Vice President of Tactical and Strike Missiles in the Missiles and Fire Control business segment since August 2017. Prior to that, he served as Vice President of Precision Fires and Combat Maneuver Systems from January 2016 to August 2017 and Vice President of Program Management at Missiles and Fire Control from 2011 to January 2016. With more than 38 years of experience, Mr. Greene has held positions of increasing responsibility throughout the Corporation.
Mr. St. John, age 52, has served as Executive Vice President of Missiles and Fire Control since January 2018. He previously served as Executive Vice President and Deputy, Programs, at Missiles and Fire Control from June 2017 to January 2018. Prior to that, he served as Vice President, Orlando Operations and Tactical Missiles/Combat Maneuver Systems business in Missiles and Fire Control from 2011 to May 2017.
A copy of the press release announcing the appointment of Mr. St. John and Mr. Greene and the retirement of Mr. Bennett is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | ||
SIGNATURE
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 | |||
(Registrant) | |||
Date: July 1, 2019 | By: | /s/ Kerri R. Morey | |
Kerri R. Morey | |||
Vice President and Associate General Counsel | |||
Exhibit 99.1
News Release
Lockheed Martin Names New Leaders for Rotary and Mission Systems and Missiles and Fire Control Businesses
Current RMS chief to retire
BETHESDA, Md., July 1, 2019 - Lockheed Martin's board of directors approved the appointments of new leaders for two of the corporation’s business areas. Frank St. John will move to executive vice president of Rotary and Mission Systems (RMS) and Scott Greene will become executive vice president of Missiles and Fire Control (MFC). St. John succeeds Dale Bennett, who intends to retire but will serve as strategic advisor on the executive leadership team through the end of the year. Both Greene and St. John will serve as corporate officers. Their appointments will be effective Aug. 26.
St. John, 52, joined Lockheed Martin as an intern more than 30 years ago, and took on roles of increasing responsibility in engineering and program management before joining the corporation’s executive leadership team. For the past year and a half, he has served as executive vice president of MFC. Under his leadership, MFC secured significant long-term strategic contract wins and grew international sales significantly.
Greene, 61, has served as vice president of Tactical and Strike Missiles in the MFC business segment since August 2017, where he had total business, operational and financial responsibility for that line of business. With more than 38 years of experience, Greene has held positions of increasing responsibility throughout the corporation.
“Frank and Scott are proven leaders who have built impressive records at Lockheed Martin. They bring a commitment to excellence and strong customer focus to their respective business areas,” said Lockheed Martin Chairman, President and CEO Marillyn Hewson. “These appointments reflect Lockheed Martin’s commitment to succession planning and strong governance. We have deep talent and expertise in our executive leadership team, and I am confident Frank and Scott will continue to deliver strong performance in their new roles.”
Bennett began his career in the U.S. Air Force and joined Lockheed Martin in 1981. In his most recent role as the leader of RMS, Dale led a team of more than 35,000 people across the globe working on a diverse product portfolio of over 1,000 programs ranging from helicopters to naval platforms. He has been a champion for the corporation’s military veteran workforce and an advocate for STEM education initiatives.
“We appreciate Dale’s leadership and service over his remarkable 40-year career in the military and in industry,” Hewson said. “His broad experience across engineering, business development and strategy made him a uniquely valuable part of our leadership team. We wish him well in his retirement.”
# # #
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design,
1
development, manufacture, integration and sustainment of advanced technology systems, products and services.
Media Contact:
Laura Toole, 301-897-6357; laura.toole@lmco.com
2