Lockheed Martin is asking a federal judge to end a nearly 40-year-old Securities and Exchange Commission requirement that it provide advance notice of any changes to its anti-bribery policies. The requirement to disclose anti-corruption protocols dates back to a 1976 settlement following revelations of illegal payments to foreign government officials. Under those terms, Lockheed Martin must file an 8-K report at least 10 days prior to any policy change.
The effort to end the injunction, specifically the advance notice requirement, is laid out in a motion filed late last week in U.S. District Court for the District of Columbia. Lockheed Martin says an April 7 letter from SEC counsel indicates it will not oppose the request.
