Bylaws (2007)Full Document 

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Lockheed Martin Corporation

BYLAWS

 

Effective February 22, 2007


TABLE OF CONTENTS

BYLAWS

OF

LOCKHEED MARTIN CORPORATION

ARTICLE I

STOCKHOLDERS

 

Section 1.01.

  Annual Meetings    1
Section 1.02.   Special Meetings    1
Section 1.03.   Place of Meetings    1
Section 1.04.   Notice of Meetings    1
Section 1.05.   Conduct of Meetings    2
Section 1.06.   Quorum    2
Section 1.07.   Votes Required    2
Section 1.08.   Proxies    2
Section 1.09.   List of Stockholders    2
Section 1.10.   Inspectors of Election    3
Section 1.11.   Director Nominations and Stockholder Business    3

ARTICLE II

BOARD OF DIRECTORS

 

Section 2.01.   Powers    5
Section 2.02.   Number of Directors    5
Section 2.03.   Election of Directors    6
Section 2.04.   Chairman of the Board    6
Section 2.05.   Removal    6
Section 2.06.   Vacancies    6
Section 2.07.   Regular Meetings    6
Section 2.08.   Special Meetings    6
Section 2.09.   Notice of Meetings    6
Section 2.10.   Presence at Meeting    7
Section 2.11.   Presiding Officer and Secretary at Meetings    7
Section 2.12.   Quorum    7
Section 2.13.   Compensation    7
Section 2.14.   Voting of Shares by Certain Holders    8

 

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(Continued)

ARTICLE III

COMMITTEES

 

Section 3.01.   Executive Committee    8
Section 3.02.   Strategic Affairs and Finance Committee    8
Section 3.03.   Audit Committee    9
Section 3.04.   Ethics and Corporate Responsibility Committee    13
Section 3.05.   Management Development and Compensation Committee    14
Section 3.06.   Nominating and Corporate Governance Committee    15
Section 3.07.   Other Committees    17
Section 3.08.   Meetings of Committees    17

ARTICLE IV

OFFICERS

 

Section 4.01.

  Executive Officers — Election and Term of Office    17
Section 4.02   Chairman of the Board    18
Section 4.03   President    18
Section 4.04.   Vice Presidents    18
Section 4.05.   Secretary    18
Section 4.06.   Treasurer    18
Section 4.07.   Subordinate Officers    18
Section 4.08.   Other Officers and Agents    19
Section 4.09.   When Duties of an Officer May Be Delegated    19
Section 4.10.   Officers Holding Two or More Offices    19
Section 4.11.   Compensation    19
Section 4.12.   Resignations    19
Section 4.13.   Removal    19

ARTICLE V

STOCK

 

Section 5.01.   Certificates    19
Section 5.02.   Transfer of Shares    20
Section 5.03.   Transfer Agents and Registrars    20
Section 5.04.   Stock Ledgers    20
Section 5.05.   Record Dates    20
Section 5.06.   New Certificates    20

 

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(Continued)

ARTICLE VI

INDEMNIFICATION

 

Section 6.01.   Indemnification of Directors, Officers, and Employees    21
Section 6.02.   Standard    21
Section 6.03.   Advance Payment of Expenses    21
Section 6.04.   General    22

ARTICLE VII

SUNDRY PROVISIONS

 

Section 7.01.   Seal    22
Section 7.02.   Voting of Stock in Other Corporations    22
Section 7.03.   Amendments    22

 

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BYLAWS

OF

LOCKHEED MARTIN CORPORATION

(Incorporated under the laws of Maryland, August 26, 1994, and herein referred to as the “Corporation”)

ARTICLE I

STOCKHOLDERS

Section 1.01. ANNUAL MEETINGS. The Corporation shall hold an annual meeting of stockholders for the election of directors and the transaction of any business within the powers of the Corporation at such date during the month of April in each year as shall be determined by the Board of Directors. Subject to Article I, Section 1.11 of these Bylaws, any business of the Corporation may be transacted at such annual meeting. Failure to hold an annual meeting at the designated time shall not, however, invalidate the corporate existence or affect otherwise valid corporate acts.

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