BETHESDA, Md., May 2, 2024
/PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of
directors has authorized a second quarter 2024 dividend of
$3.15 per share. The dividend is
payable on June 28, 2024, to holders
of record as of the close of business on June 3, 2024.
The independent members of Lockheed Martin's board of directors
also unanimously elected Thomas J.
Falk as independent lead director of the board
effective today, succeeding Daniel F.
Akerson who, along with James O.
Ellis, Jr., retired from the board this morning following
the company's annual stockholders meeting.
"We are pleased to announce Tom's election as our next
independent lead director. His demonstrated independent judgement,
integrity, and in-depth knowledge of the company allows for a
smooth transition and will enable Tom to offer the kind of
independent oversight that the role calls for," said Lockheed
Martin Chairman, President and CEO Jim
Taiclet. "On behalf of the entire board, we thank Dan for
his tireless work as our independent lead director since 2019 and
for his dedication to Lockheed Martin and the board since 2014. We
also extend our thanks to Jim Ellis,
who retired from the board today after 20 years, for his service to
our company and efforts to advance 21st Century
Security."
Falk has served on Lockheed Martin's board of directors since
2010 and as Audit Committee chair since 2015. As independent
lead director, Falk will assume all duties and responsibilities of
that position, including presiding over executive sessions of
independent directors, approving agendas for board meetings and
providing feedback to management. He will also chair the board's
Nominating and Corporate Governance Committee and serve as ex
officio member of each of the other committees. In connection with
Falk's election as independent lead director, Patricia E. Yarrington has been appointed
Chair of the board's Audit Committee.
Lockheed Martin is a global defense technology company
driving innovation and advancing scientific discovery. Our
all-domain mission solutions and 21st Century Security®
vision accelerate the delivery of transformative technologies to
ensure those we serve always stay ahead of ready. More information
at Lockheedmartin.com.
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SOURCE Lockheed Martin