Lockheed Martin Corporation Base Salaries of Named Executive Officers1
EX-10.2 4 dex102.htm EXHIBIT 10.2 -- PRIOR AND ADJUSTED BASE SALARIES OF LOCKHEED MARTIN CORPORATION Exhibit 10.2 -- Prior and Adjusted Base Salaries of Lockheed Martin Corporation
Exhibit 10.2
Lockheed Martin Corporation
Base Salaries of Named Executive Officers1
| Named Executive Officer | Base Salary as of 11-30-06 | Adjusted Base Salary as of 12-1-062 | |||||
| Robert J. Stevens Chairman, President and Chief Executive Officer | $ | 1,480,000 | $ | 1,520,000 | |||
| Robert B. Coutts Executive Vice President Electronic Systems | 825,000 | 850,000 | |||||
| Christopher E. Kubasik Executive Vice President and Chief Financial Officer | 745,000 | 775,000 | |||||
| Michael F. Camardo Executive Vice President Information & Technology Services | 702,000 | 702,000 | 3 | ||||
| 1 | Named executive officers are reflected for the fiscal year ended December 31, 2005. G. Thomas Marsh , Executive Vice President, Space Systems, previously was reflected as a named executive officer but retired in 2006 and consequently did not receive an adjustment to base salary. |
| 2 | Under the Corporation’s Management Incentive Compensation Plan, the base salary in effect during the first full week of December is used to determine annual incentive compensation. This factor was considered in determining the amount of the adjustment. |
| 3 | Mr. Camardo plans to retire on April 1, 2007 and, consequently, did not receive an increase in base salary relative to the elimination of certain perquisites. |
