Not independent
Tenure on this board
8.5 yrs
Meeting calendar
LMT · Annual meeting · Tuesday, May 12, 2026
Lockheed Martin Corp
9 nominees · 4 ballot items.
Election of nine directors; advisory vote to approve named executive officer compensation (Say-on-Pay); ratification of Ernst & Young LLP as independent auditors for 2026; stockholder proposal to require an independent Board chairman (proposed by John Chevedden).
Market cap
$118.6B
1Y TSR
+18.8%
Board grade
C+
Record date
Mar 2, 2026
Filing
DEF 14A
Meeting concluded · May 12, 2026
Follow how the vote landed and what changed on Lockheed Martin Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot4
- 1
Election of Nine Directors
ManagementBoard: FORAnnual election of nine director nominees to hold office for a one-year term until the 2027 Annual Meeting.
- 2
Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay
ManagementBoard: FORAdvisory (non-binding) annual vote to approve the compensation of the named executive officers as disclosed in the proxy statement.
More detail
This non-binding management proposal asks stockholders to approve the Company’s executive compensation as disclosed in the CD&A and related tables. Management seeks affirmation that its pay-for-performance philosophy and compensation design align management incentives with stockholder interests; the Compensation Committee reports that compensation links pay to performance via annual incentives and long-term PSUs, RSUs, and cash LTIP awards tied to TSR, ROIC, and Free Cash Flow. The board recommends FOR because it believes the disclosures demonstrate appropriate alignment, market-based target setting, independent oversight by the Compensation Committee and robust governance (clawbacks, no repricing, stock ownership requirements). The vote is advisory but periodic results inform future decisions and engagement with investors; management notes that over 92% supported Say-on-Pay in 2025, indicating strong investor support. The proposal is routine for corporate governance and does not bind the company, but a negative vote typically triggers outreach and potential compensation design changes.
- 3
Ratification of Appointment of Ernst & Young LLP as Independent Auditors for 2026
ManagementBoard: FORRatify the Audit Committee’s appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for 2026.
- 4
Stockholder Proposal Requiring Independent Board Chairman
Shareholder — John CheveddenBoard: AGAINSTA stockholder proposal (filed by John Chevedden) requesting the Board adopt a policy to separate the roles of Chairman and CEO and have an independent Board Chairman, amending governing documents as necessary.
Director elections
Nominees on the ballot9
Independent
Tenure on this board
1.6 yrs
Also a director at
NONEHawaiian Electric Industries Inc (HE)
Independent
Tenure on this board
18.2 yrs
Independent
Tenure on this board
4.7 yrs
Also a director at
Palo Alto Networks Inc (PANW)
Independent
Tenure on this board
16.1 yrs
Also a director at
Abbvie Inc (ABBV)
Independent
Tenure on this board
8.0 yrs
Independent
Tenure on this board
6.7 yrs
Also a director at
Caterpillar Inc (CAT)Chevron Corp (CVX)
Independent
Tenure on this board
2.1 yrs
Independent
Tenure on this board
5.1 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | STATE STREET CORP | 14.1% | 32,555,588 | $19.7B |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 6.1% | 14,065,488 | $8.5B |
| 3 | BlackRock, Inc. | 3.7% | 8,550,294 | $5.2B |
| 4 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.1% | 7,152,309 | $4.3B |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.3% | 5,330,585 | $3.2B |
| 6 | BlackRock, Inc. | 1.9% | 4,460,550 | $2.7B |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 4,420,436 | $2.7B |
| 8 | MORGAN STANLEY | 1.7% | 3,829,386 | $2.3B |
| 9 | Capital World Investors | 0.8% | 1,870,753 | $1.1B |
| 10 | Invesco Ltd. | 0.7% | 1,698,516 | $1.0B |
Peers
Nearest market capOther Industrials sector meetings6
Upcoming shareholder meetings at Lockheed Martin Corp’s closest sector peers — compare boards, ballots, and ownership across the cohort.
U-haul Holding CoUHAL
Annual meeting·Aug 20, 2026·$13.6B
Booz Allen Hamilton Holding CorpBAH
Annual meeting·Jul 22, 2026·$7.7B
EnersysENS
Annual meeting·Aug 6, 2026·$7.4B
American Superconductor CorpAMSC
Annual meeting·Jul 31, 2026·$1.7B
Graham CorpGHM
Annual meeting·Aug 25, 2026·$1.3B
Cra International IncCRAI
Annual meeting·Jul 16, 2026·$1.1B
Reference
Frequently asked questions
- When is the Lockheed Martin Corp 2026 annual meeting?
- Lockheed Martin Corp (LMT) holds its 2026 annual shareholder meeting on Tuesday, May 12, 2026.
- What is the record date for the Lockheed Martin Corp 2026 meeting?
- The record date for the Lockheed Martin Corp 2026 meeting is Monday, March 2, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Lockheed Martin Corp's 2026 meeting?
- The board is presenting 9 director nominees at the Lockheed Martin Corp 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Lockheed Martin Corp 2026 meeting?
- Shareholders will vote on 4 proposals at the Lockheed Martin Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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