Lockheed Martin names Jay Malave as CFO effective Jan 31, 2022

LOCKHEED MARTIN CORP

Jay Malave appointed CFO; previously SVP & CFO of L3Harris.
Base salary $960,000; one-time cash sign-on bonus of $750,000.
Target annual incentive 115% of salary under 2021 MICP for 2022.
2022 LTI award opportunity of $8,000,000 (50% PSUs, 30% RSUs, 20% LTIP).
John Mollard, serving as interim CFO, continues as VP and Treasurer.

item 5.02 item 9.01

Executive movements

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Appointed

Jesus (Jay) Malave, Jr.

Chief Financial Officer

LMT · LOCKHEED MARTIN CORP

Effective: 2022-01-31
Filed: February 1, 2022, 6:59 PM ET

elected Jesus (Jay) Malave, Jr. (age 53) as Chief Financial Officer, effective January 31, 2022.

Role change

John. W. Mollard

Vice President and Treasurer

LMT · LOCKHEED MARTIN CORP

Effective: 2022-01-31
Successor: Jesus (Jay) Malave, Jr.
Filed: February 1, 2022, 6:59 PM ET

John. W. Mollard, who has been serving as acting Chief Financial Officer on an interim basis and will continue as Vice President and Treasurer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jesus (Jay) Malave, Jr. was elected as Chief Financial Officer at LOCKHEED MARTIN CORP.

Action: elected
Role: Chief Financial Officer

Exact text from the filing

elected Jesus (Jay) Malave, Jr. (age 53) as Chief Financial Officer, effective January 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

John. W. Mollard changed role as Vice President and Treasurer at LOCKHEED MARTIN CORP.

Action: continue as
Role: Vice President and Treasurer

Exact text from the filing

John. W. Mollard, who has been serving as acting Chief Financial Officer on an interim basis and will continue as Vice President and Treasurer.

View on SEC.gov

LOCKHEED MARTIN CORP filing history →

Source: SEC EDGAR

accession 0000936468-22-000011

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