<SEC-DOCUMENT>0001096906-24-000773.txt : 20240411
<SEC-HEADER>0001096906-24-000773.hdr.sgml : 20240411
<ACCEPTANCE-DATETIME>20240410191330
ACCESSION NUMBER:		0001096906-24-000773
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240411
DATE AS OF CHANGE:		20240410
EFFECTIVENESS DATE:		20240411

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOCKHEED MARTIN CORP
		CENTRAL INDEX KEY:			0000936468
		STANDARD INDUSTRIAL CLASSIFICATION:	GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				521893632
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11437
		FILM NUMBER:		24836853

	BUSINESS ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DR
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
		BUSINESS PHONE:		3018976000

	MAIL ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bowyer Research, Inc.
		CENTRAL INDEX KEY:			0001996368
		ORGANIZATION NAME:           	
		IRS NUMBER:				463874783
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 120
		CITY:			MCKEESPORT
		STATE:			PA
		ZIP:			15135
		BUSINESS PHONE:		412-751-8603

	MAIL ADDRESS:	
		STREET 1:		PO BOX 120
		CITY:			MCKEESPORT
		STATE:			PA
		ZIP:			15135
</SEC-HEADER>
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<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>bowy_px14a6g.htm
<DESCRIPTION>BOWYER RESEARCH - PX14A6G
<TEXT>
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<DIV style=margin-left:72pt;width:468pt><P style='font:12pt Times New Roman;margin:0'>NOTICE OF EXEMPT SOLICITATION SUBMITTED BY NON-MANAGEMENT</P>
<P style='font:12pt Times New Roman;margin:0'>U.S. Securities and Exchange Commission</P>
<P style='font:12pt Times New Roman;margin:0'>Washington, DC 20549</P>
<P style='font:12pt Times New Roman;margin:0'>Notice of Exempt Solicitation under Rule 14a-103</P>
<P style='font:12pt Times New Roman;margin:0'>Name of Registrant: The Lockheed Martin Corporation</P>
<P style='font:12pt Times New Roman;margin:0'>Name of person relying on exemption: Bowyer Research</P>
<P style='font:12pt Times New Roman;margin:0'>Address of person relying on exemption: P.O. Box 120, McKeesport PA 15135</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>Vote NO: Proposal 4 &#8211;&nbsp;Humanitarian Crises</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><IMG src=bowypx14a6g_1.jpg width=244 height=231 alt='Picture 1' title='Picture 1'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>Bowyer Research submits the following:</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>Summary</B></P>
<P style='font:12pt Times New Roman;margin:0'>Bowyer Research urges shareholders to vote against the Proposal submitted by the Sisters of St. Francis of Philadelphia, the Sisters of Charity of St. Elizabeth, and the Benedictine Sisters of Mount St. Scholastica (henceforth the &#8216;Proponents&#8217;), on the 2024 proxy ballot<SUP><A name=_ftnb1 /><A href=#_ftnf1><SUP>1</SUP></A></SUP> of Lockheed Martin (henceforth &#8220;Lockheed&#8221; or the &#8220;Company&#8221;). The &#8220;Resolved&#8221; clause of this Proposal states:</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'>Shareholders request the Board of Directors annually conduct an evaluation and issue a public report, at reasonable cost and omitting proprietary information, describing the </P>
<HR style=text-align:left;width:25%><P style='font:10pt Times New Roman;margin:0'><SUP><A name=_ftnf1 /><A href=#_ftnb1><SUP>1</SUP></A></SUP>https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/annual-reports/2024-proxy-statement.pdf</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><FONT style=font-size:12pt>alignment of its political activities (including direct and indirect lobbying and political and electioneering expenditures) with its Human Rights Policy. The report should list and explain instances of misalignment, and state whether and how the identified incongruencies have or will be addressed.</FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>Enumeration</B></P>
<P style='font:12pt Times New Roman;margin:0'>The statement accompanying this Proposal asserts that:</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>1.</KBD>The use of Lockheed materials in war implicates the Company in &#8220;war crimes.&#8221;&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>2.</KBD>Lockheed&#8217;s product sales to Israel render the Company complicit in the &#8220;humanitarian crisis&#8221; in Gaza.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>3.</KBD>Lockheed&#8217;s government partnerships are part of a toxic &#8220;symbiotic relationship&#8221; that poses a threat to human rights.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>These assertions, however, are based on false argumentation and analysis that:</B></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>1.</KBD>Overlooks the logical realities of the business of weapons manufacturing.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>2.</KBD>Asks the Company to take sides in a manner that would create far worse humanitarian crises.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>3.</KBD>Presupposes a morally abhorrent activist framework to the company&#8217;s fiduciary duty.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>1. The proposal overlooks the logical realities of the business of weapons manufacturing.</B></P>
<P style='font:12pt Times New Roman;margin:0'>The Proponents assert that Lockheed products, most notably the F-35 stealth fighter, have been used in the commission of war crimes by governments with which the Company does business. They highlight in particular the F-35&#8217;s use in the ongoing Israel-Palestine conflict. This assertion, however, is a half-truth at best and blatant conflation at worst. The products Lockheed Martin sells are tools designed to carry out wartime operations&#8212;but the potential for their misuse ought not fall back on the Company that created them anymore than a firearms manufacturer bears moral responsibility for an act of violence committed with its weapon. It is neither logical nor feasible to expect Lockheed Martin to assume moral responsibility for every weapon it sells; beyond due diligence in client selection, Lockheed&#8217;s products <I>will</I> inevitably be used in war, in arenas where civilian casualties are an unfortunate reality of operations. There is </P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:12pt Times New Roman;margin:0'>no meaningful or effective method for Lockheed to insulate its weapons from doing what they are designed to do in a client&#8217;s hands&#8212;demanding that the Company do so betrays a fundamental ignorance of the moral calculus of war.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>2. The Proposal asks the Company to take sides in a manner that would create far worse humanitarian crises.</B></P>
<P style='font:12pt Times New Roman;margin:0'>The Proponents assert that Lockheed&#8217;s sales of weapons to the Israeli Defense Forces renders the company complicit in human rights violations connected to the Israel-Hamas conflict in Gaza, &#8220;where escalating violence exacerbates a humanitarian crisis.&#8221; The clear implication is that Lockheed, to &#8220;align&#8221; its business practices with its values, should either curtail or sever its partnership with Israeli military organizations. Yet this suggestion, far from resolving human rights crises in the region, would create far more complicated ones, and belies an abhorrent moral view of the civilian lives involved in the conflict. Lockheed&#8217;s partnership<SUP><A name=_ftnb2 /><A href=#_ftnf2><SUP>2</SUP></A></SUP> with the IDF not only allowed the Israeli military to defend its borders and population after the horrific actions of October 7th, but pursue further military actions to repel Hamas&#8217; attempts to target Israel&#8217;s civilian population. In absence of this partnership, Israeli soldiers and civilians will be left defenseless against an enemy that openly declares its intent to annihilate them. The Proponents&#8217; suggestion might appear to call for a &#8216;righting of the scale&#8217; regarding Lockheed&#8217;s values. In reality, their suggestion is one of unconscionable moral abhorrence&#8212;a statement of profound ignorance that, if adopted, would leave thousands of innocent Israeli men, women, and children slaughtered by terrorist militants.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>3. The Proposal presupposes a morally abhorrent activist framework to Lockheed&#8217;s fiduciary duty.</B></P>
<P style='font:12pt Times New Roman;margin:0'>Within the world of business, the phrase &#8216;taking sides&#8217; is often used in reference to businesses that engage in expressly political activism, siding with activists on one side of the political aisle at the expense of others. The consequences of such decisions can be severe, both for businesses that make the decision to go political and their shareholders. Yet, in the case of Lockheed and Israel, taking sides has consequences beyond merely financial&#8212;acquiescing to the Proponents&#8217; proposal means changing the outlook of a major geopolitical conflict and endangering the safety </P>
<HR style=text-align:left;width:25%><P style='font:10pt Times New Roman;margin:0'><SUP><A name=_ftnf2 /><A href=#_ftnb2><SUP>2</SUP></A></SUP> https://www.lockheedmartin.com/en-il/who-we-are.html</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt>of thousands of innocent civilians, for no reason than the Proponents&#8217; vague language of &#8216;human rights&#8217; that in fact defends no such thing. This is the true danger of the &#8216;activism&#8217; that the Proponents view as Lockheed&#8217;s primary business purpose: for companies strategically positioned like Lockheed, taking sides in this way really means picking which innocent lives aren&#8217;t worth protecting. For the Proponents, it&#8217;s Israeli ones.</FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>Conclusion</B></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>As stated above, the Proposal No. 4 fails in its objective to create additional value for the Company and shareholders alike by:</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>1.</KBD>Overlooking the logical realities of the business of weapons manufacturing.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>2.</KBD>Asking the Company to take sides in a manner that would create far worse humanitarian crises.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-18pt'>3.</KBD>Presupposing a morally abhorrent activist framework to the company&#8217;s fiduciary duty.&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>The morally complicated theater of war is wholly unsuited to political actors who, like the Proponents, view the lives of innocent children as a mere ladder rung to some higher state of Lockheed&#8217;s moral legitimacy. Their demands represent the kind of economically and morally ignorant activism that, if humored, can hijack a brand&#8217;s operational philosophy, decrease value for shareholders, and create both financial and reputational risk to both Board and Company.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>For these reasons, we urge you to vote AGAINST Proposal No. 4 regarding humanitarian crises on Lockheed Martin&#8217;s 2024 Proxy.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>Submitted by Jerry Bowyer, President BOWYER RESEARCH</P>
<P style='font:12pt Times New Roman;margin:0'>P.O. Box 120</P>
<P style='font:12pt Times New Roman;margin:0'>McKeesport PA 15135</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><I>This is not a solicitation of authority to vote your proxy. Please do not send us your</I></P>
<P style='font:12pt Times New Roman;margin:0'><I>proxy card as it will not be accepted.</I></P>
</DIV>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
