Item 5.07 Submission of Matters to a Vote of Security Holders.
Lockheed Martin Corporation (the "Company") held its Annual Meeting of Stockholders onApril 27, 2023 . Of the 254,518,944 shares outstanding and entitled to vote (as of theFebruary 24, 2023 record date), 224,068,654 shares were represented at the meeting, or an 88.04% quorum. The final results of voting for each matter submitted to a vote of stockholders at the meeting are as follows:
Proposal 1 - Election of Directors
Elected the following 13 individuals to the Board of Directors (the "Board") of the Company to serve as directors until the Annual Meeting of Stockholders in 2024 and until their successors have been duly elected and qualified: Votes For Votes Against Votes Abstain Broker Non-Votes Daniel F. Akerson 174,048,734 12,587,989 3,764,163 33,667,768 David B. Burritt 178,604,665 7,888,743 3,907,478 33,667,768 Bruce A. Carlson 180,015,920 6,573,254 3,811,712 33,667,768 John M. Donovan 181,572,969 4,930,046 3,897,871 33,667,768 Joseph F. Dunford, Jr. 182,023,974 4,635,895 3,741,017 33,667,768 James O. Ellis, Jr. 179,668,464 6,883,955 3,848,467 33,667,768 Thomas J. Falk 179,028,596 7,348,440 4,023,850 33,667,768 Ilene S. Gordon 182,137,389 4,408,146 3,855,351 33,667,768 Vicki A. Hollub 181,098,492 5,471,355 3,831,039 33,667,768 Jeh C. Johnson 180,947,334 5,609,969 3,843,583 33,667,768 Debra L. Reed-Klages 181,052,576 5,589,426 3,758,884 33,667,768 James D. Taiclet 181,392,878 5,594,388 3,413,620 33,667,768 Patricia E. Yarrington 182,575,027 4,087,443 3,738,416 33,667,768
Proposal 2 - Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)
Approved, on an advisory basis (non-binding), the compensation of our named executive officers as described in detail in the Compensation Discussion and Analysis and the accompanying tables in our 2023 proxy statement.
Votes For Votes Against Votes Abstain Broker Non-Votes 174,932,834 11,797,670 3,669,446 33,667,768
Proposal 3 - Advisory Vote on the Frequency of Holding Votes on Say-on-Pay
Approved, on an advisory basis (non-binding), a frequency period of one year (an annual vote) for future non-binding stockholder votes on the compensation of our named executive officers. Votes For Votes For Votes For One Year Two Years Three Years Votes Abstain Broker Non-Votes 181,953,943 2,293,976 4,234,431 1,917,416 33,667,768 In addition, the Company has decided, consistent with the Board's recommendation and the vote of stockholders, to include a stockholder vote on the compensation of executives in its proxy materials annually until the next required vote on the frequency of stockholder votes on the compensation of executives (which would be at the 2029 Annual Meeting of Stockholders unless presented earlier).
Proposal 4 - Ratification of Appointment of Independent Auditors
Ratified the appointment of
Votes For Votes Against Votes Abstain 214,798,375 6,661,848 2,608,431
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Proposal 5 - Stockholder Proposal Requiring Independent Board Chairman
Rejected a stockholder proposal requiring an independent board chairman.
Votes For Votes Against Votes Abstain Broker Non-Votes 53,816,071 133,237,100 3,347,715 33,667,768
Proposal 6 - Stockholder Proposal to Issue a Human Rights Impact Assessment Report
Rejected a stockholder proposal requesting that the Company issue a human rights impact assessment report. Votes For Votes Against Votes Abstain Broker Non-Votes 26,053,121 160,000,683 4,347,082 33,667,768
Proposal 7 - Stockholder Proposal to Issue a Report on the Company's Intention to Reduce Full Value Chain GHG Emissions
Rejected a stockholder proposal requesting that the Board issue a report on the Company's intention to reduce full value chain GHG emissions.
Votes For Votes Against Votes Abstain Broker Non-Votes 62,963,404 114,761,646 12,675,836 33,667,768
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