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Lockheed Martin shareholder proposals 2026
What shareholders asked Lockheed Martin to do, and how the funds holding Americans’ retirement savings voted on it: the funds in the 401(k) plans we index and the most widely held funds beyond them, with the filing behind every vote.
12 May 2026 · put on the ballot by shareholder
Should the person who runs Lockheed Martin also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
“Stockholder Proposal Requiring Independent Board Chairman”
5 of 20 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Morningstar Total Stock Market Index Fund | AGAINST | 7,318,933 |
| Schwab U.S. Dividend Equity ETF | AGAINST | 6,292,394 |
| Vanguard 500 Index Fund | AGAINST | 5,209,233 |
| Fidelity 500 Index Fund | AGAINST | 2,592,657 |
| Vanguard Morningstar Value Index Fund | AGAINST | 2,139,373 |
| State Street Industrial Select Sector SPDR ETF | AGAINST | 1,182,321 |
| Vanguard Institutional Index Fund | AGAINST | 1,152,552 |
| Vanguard Dividend Appreciation Index Fund | AGAINST | 1,110,046 |
| Vanguard High Dividend Yield Index Fund | AGAINST | 825,496 |
| American Mutual Fund | FOR | 721,995 |
| Schwab S&P 500 Index Fund | AGAINST | 458,411 |
| Fidelity Total Market Index Fund | AGAINST | 380,940 |
| Invesco S&P 500 Equal Weight ETF | FOR | 363,507 |
| Growth Fund of America | FOR | 282,905 |
The same proposal was put to Amazon.com, Exxon Mobil, Wells Fargo, Verizon Communications, PepsiCo, Chevron.
Vote these yourself
Say how you would have voted, then see what your own fund did. Open the ballot deck →