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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) - June 17, 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)
__________
Not Applicable
(Former name or address, if changed since last report)
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Item 5. Other Events
On March 15, 1995, Lockheed Corporation ("Lockheed") and Martin Marietta
Corporation ("Martin Marietta") consummated a transaction (the "Combination")
pursuant to which Lockheed and Martin Marietta became wholly-owned subsidiaries
of a new holding corporation, Lockheed Martin Corporation ("Lockheed Martin").
Effective January 28, 1996, Lockheed and Martin Marietta were merged with and
into Lockheed Martin.
Following the filing of a "Complaint for Permanent Injunction and Certain
Ancillary Relief" by the Securities and Exchange Commission (the "Commission")
in the United States District Court for the District of Columbia on April 13,
1976 (Securities and Exchange Commission v. Lockheed Aircraft Corporation, et.
al., Civil Action No. 76-0611), Lockheed (then known as Lockheed Aircraft
Corporation) consented to the entry of a Final Judgment of Permanent Injunction
which incorporates a Consent and Undertaking pursuant to which Lockheed, among
other things, represented to the Commission that its Board of Directors had
adopted, implemented and would maintain a Statement of Policies and Procedures
(the "Statement") with respect to payments by Lockheed to any official or
employee of any government or any official or employee of any entity owned
and/or controlled by any government, which payments would be unlawful under the
laws of the United States or such foreign country.
In addition, Lockheed agreed to file a copy of the Statement with the
Commission as an Exhibit to a Current Report on Form 8-K, and a copy of Lockheed
Management Policy Statement (MPS) 168 which contains the Statement was so filed
as Exhibit E to Lockheed's Current Report on Form 8-K, dated May 6, 1976.
Further, Lockheed represented to the Commission that, in the event that there
was an intent to change the policy embodied in the Statement, at least 10 days
prior to the effectiveness of the contemplated policy change, Lockheed would
file a copy of the revised Statement via a Current Report on Form 8-K.
As a result of the Combination, Lockheed no longer has securities registered
pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934.
Consequently, in accordance with Lockheed's representation, on May 4, 1995,
Lockheed Martin filed on behalf of Lockheed a Current Report on Form 8-K that
included as an exhibit Lockheed Martin Procedure No.: INT-01, which pertained to
international consultants of Lockheed Martin and, upon its effectiveness,
supplanted MPS 168. INT-01 was an interim procedure that was replaced by
Lockheed Martin Corporate Policy Statements (CPS) CPS-703 and CPS-704 pertaining
to domestic consultants and international consultants, respectively. On April 5,
1996, Lockheed Martin filed on behalf of Lockheed a Current Report on Form 8-K
that included as an exhibit Lockheed Martin Corporation Corporate Policy
Statement CPS-704 (International Consultants). Further, on May 28, 1996,
Lockheed Martin filed on behalf of Lockheed a Current Report on Form 8-K that
included as an exhibit Lockheed Martin Corporation Corporate Policy Statement
CPS-730 pertaining to certain additional procedures relating to the Foreign
Corrupt Practices Act.
Lockheed Martin proposes to amend CPS-730 pertaining to the Foreign Corrupt
Practices Act. Consequently, Lockheed Martin is filing this Current Report on
Form 8-K on behalf of its former subsidiary Lockheed and has included as an
exhibit to this filing the revision to CPS-730.
Item 7. Financial Statements
A. Financial Statements
None.
B. Exhibits
Exhibit No. Description
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99 Lockheed Martin Corporation Corporate Policy Statement No:
CPS-730 (Compliance with the Foreign Corrupt Practices Act),
as amended.
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
/s/ MARIAN S. BLOCK
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Marian S. Block
Vice President, Associate General
Counsel and Assistant Secretary
June 23, 1999