ISS and Glass Lewis Join ADL and JLens in Recommending AGAINST Anti-Israel Shareholder Proposals at Intel, General Dynamics and Lockheed Martin

Reiterates Call for Shareholders to Reject Proposals Motivated by Antisemitic Boycott, Divestment and Sanctions (BDS) Movement

ADL (Anti-Defamation League) and its affiliate, Jlens, welcome the decisions of the two leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), to recommend that investors vote AGAINST anti-Israel shareholder proposals at the upcoming annual meetings of Intel Corporation (NASDAQ: INTC), General Dynamics (NYSE: GD) and Lockheed Martin Corporation (NYSE: LMT).

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ADL and its Registered Investment Advisor (RIA) affiliate, JLens, previously called upon the shareholders of all three companies to reject the anti-Israel proposals, which will be voted on at their respective annual meetings to be held later this week.

At Intel, Proposal 5 urges the Board of Directors to conduct an Ethical Impact Assessment addressing the company’s business operations in Israel. The proposal cites allegations that, among other things, Israel has committed human rights violations. The Intel annual meeting will be held on May 6, 2025.

General Dynamics’ shareholders have been asked to vote on Proposal 4, which cites the company’s sales of arms to Israel as a reason that it believes the company should conduct a Human Rights Impact Assessment. The General Dynamics annual meeting will be held on May 7, 2025.

At Lockheed Martin, Proposal 5 is critical of the company’s sale of military equipment and systems to Israel, and asks its Board of Directors to evaluate and report on the alignment of its political activities with its human rights policy, ostensibly implying that they are not consistent. Lockheed Martin’s annual meeting will be held on May 9, 2025.

ADL noted that the Boards of Directors of Intel, General Dynamics and Lockheed Martin have recommended that their respective shareholders vote AGAINST the above-noted shareholder proposals.

“We are pleased that both ISS and Glass Lewis have recommended voting AGAINST the sham shareholder proposals at Intel, General Dynamics and Lockheed Martin,” said Jonathan A. Greenblatt, CEO and National Director of ADL. “Under the guise of an alleged concern for human rights, all three proposals are actually designed to pressure these corporations into severing ties with Israel and, ultimately, to delegitimize the Jewish state – a major objective of the Boycott, Divestment, and Sanctions (BDS) movement.”

“These proposals are part of a broader campaign to weaponize shareholder activism against Israel,” said Ari Hoffnung, Managing Director of JLens. “They are not serious efforts to improve corporate governance or protect human rights — they are politically motivated attacks targeting the Jewish state. We commend ISS and Glass Lewis for seeing through the façade and we urge shareholders to join us in rejecting these meritless, biased resolutions.”

JLens has filed separate Notices of Exempt Solicitation with the U.S. Securities and Exchange Commission, describing its opposition to the Intel, General Dynamics and Lockheed Martin shareholder proposals.

About ADL

ADL is the leading anti-hate organization in the world. Founded in 1913, its timeless mission is “to stop the defamation of the Jewish people and to secure justice and fair treatment to all.” Today, ADL continues to fight all forms of antisemitism and bias, using innovation and partnerships to drive impact. A global leader in combating antisemitism, countering extremism and battling bigotry wherever and whenever it happens, ADL works to protect democracy and ensure a just and inclusive society for all. More at www.adl.org.

About JLens

Founded in 2012, JLens is a 501(c)(3) nonprofit and Registered Investment Advisor that empowers investors to align their capital with Jewish values and advocates for Jewish communal priorities in the corporate arena. JLens’ Jewish Investor Network is composed of over 30 Jewish institutions, representing $11 billion in communal capital. In 2022, JLens established an affiliation with ADL (Anti-Defamation League), the leading anti-hate organization in the world. JLens has an indirect financial interest in Intel, General Dynamics and Lockheed Martin as a data and proxy service provider, and sub advisor to investment vehicles with holdings in those companies. More at www.jlensnetwork.org.

PLEASE NOTE: THIS IS NOT A PROXY SOLICITATION AND NO PROXY CARDS WILL BE ACCEPTED. The Anti-Defamation League and JLens are not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card.

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