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Lockheed Martin Corporation (NYSE:LMT), a prominent player in the Aerospace & Defense industry with a market capitalization of $110.85 billion, announced the results of its Annual Meeting of Stockholders held on May 9, 2025. The meeting saw a quorum of 86.47%, with over 202 million shares represented out of the total of approximately 234.5 million shares outstanding. According to InvestingPro data, the company maintains a solid financial health score and has consistently paid dividends for 42 consecutive years.
During the meeting, shareholders elected a slate of 10 directors to serve on the company’s board until the 2026 Annual Meeting. The directors were voted in with a significant majority, with the number of votes for each director ranging from approximately 144.9 million to 161.4 million. Votes against and abstentions were relatively low in comparison, and there were about 36.7 million broker non-votes for each director.
Additionally, the shareholders approved the compensation of Lockheed Martin’s named executive officers (the "Say-on-Pay" proposal) and ratified the appointment of Ernst & Young LLP as the company’s independent auditors for the year 2025. Both proposals received strong support, with the Say-on-Pay proposal garnering over 151.6 million votes in favor and the auditor ratification receiving nearly 195.8 million votes for approval.
However, two shareholder proposals did not pass. The first, which requested shareholder approval for excessive golden parachutes, received approximately 68.8 million votes in favor but was outweighed by 95.2 million votes against. The second proposal, requesting a report on the alignment of political activities with the company’s human rights policy, also did not pass, with 15.9 million votes for, 146.1 million against, and over 4.1 million abstentions.
The results reflect the shareholders’ support for the current board and executive compensation practices, while also showing reluctance to approve additional measures related to golden parachutes and political activities reporting.
This summary is based on a press release statement from Lockheed Martin Corporation.
In other recent news, Lockheed Martin announced a quarterly dividend of $3.30 per share for the second quarter of 2025, with shareholders of record by June 2, 2025, set to receive the payment on June 27, 2025. The company also revealed plans to establish a missile and rocket manufacturing center in Germany in collaboration with Rheinmetall (ETR:RHMG), aiming to enhance Europe’s defense capabilities. Additionally, Lockheed Martin is poised to play a significant role in a potential $100 billion arms package with Saudi Arabia, which may include advanced weapons systems like C-130 transport aircraft, missiles, and radars. In another development, Sikorsky, a Lockheed Martin company, signed a long-term agreement with Bristow Group to support their S-92 helicopter fleet, enhancing operational readiness through Sikorsky’s Total (EPA:TTEF) Assurance Program. Truist Securities maintained a Buy rating for Lockheed Martin, with a price target of $579, following the company’s strong first-quarter performance in 2025, which exceeded expectations. Despite not securing the Next (LON:NXT) Generation Air Dominance program, Lockheed Martin’s management remains confident in achieving the higher end of their growth framework. These recent developments reflect Lockheed Martin’s strategic initiatives and commitments across various sectors.
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