secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MARIETTA MATERIALS INC (MLM)
CIK:        0000916076
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000950157-23-001066
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Marietta modifies executive bonus program after lower say-on-pay support (74%)
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- Say-on-pay proposal received 74% support at May 2023 annual meeting, lower than prior years.
- Compensation Committee modified annual bonus: 80% based on financial metrics, 20% on ESG and safety metrics.
- Individual performance modifier of up to 20% retained; metrics to be disclosed in 2024 proxy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916076/000095015723001066/0000950157-23-001066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916076/000095015723001066/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-23-001066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer