LOCKHEED MARTIN CORP

Request that the Board adopt a permanent policy (and amend governing documents if necessary) to separate the positions of Chairman and CEO and require that the Chairman be an independent director. The proposal allows the Board to appoint an interim, non-independent chairman while it seeks an independent chair on an accelerated basis and contemplates a phased implementation tied to leadership transitions. Proponents argue an independent chair would provide impartial oversight, strengthen accountability, mitigate conflicts of interest and improve transparency. The submission cites recent program losses, leadership turnover and other governance concerns as context for the request.