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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) January 14, 1999
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LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 1-11437 52-1893632
(State or other jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
6801 Rockledge Drive, Bethesda, Maryland 20817
(Address of principal executive offices) (Zip Code)
(301) 897-6000
(Registrant's telephone number, including area code)
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Not Applicable
(Former name or address, if changed since last report)
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Item 5. Other Events
On January 14, 1999, Mohammad Yousefi and David Kane, on behalf of
themselves and on behalf of purchasers of Lockheed Martin Corporation
("Corporation") Common Stock between August 13, 1998 and December 23, 1998,
filed a purported class action lawsuit against the Corporation and six of its
officers and directors (Vance Coffman, Marcus Bennett, James Blackwell, Thomas
Corcoran, Vincent Marafino and Norman Augustine). The complaint alleges that the
defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of
1934. The complaint further alleges that the statutory safe harbor provided for
forward-looking statements does not apply to any of the allegedly false forward-
looking statements contained in the Corporation's periodic reports. According to
the complaint, class members were damaged because, in reliance on the integrity
of the market, they paid artificially inflated prices for the Corporation's
Common Stock. Plaintiffs seek a judgment awarding (a) damages and costs; (b)
equitable or injunctive relief, including the imposition of a constructive trust
upon defendants' insider-trading proceeds; and (c) other just and proper relief.
The Corporation intends to vigorously defend against these claims.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOCKHEED MARTIN CORPORATION
By: /s/ Marian S. Block
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Marian S. Block
Vice President, Associate General
Counsel and Assistant Secretary
19 January 1999