The President of the United States of America, under the provisions of the Act of Congress approved July 9, 1918, takes pride in presenting the Distinguished Service Cross (Posthumously) to Sergeant Malcom Lloyd Budd (MCSN: 655158), United States Marine Corps, for extraordinary heroism in connection with military operations against an armed enemy of the United Nations while serving with Company B, First Battalion, Fifth Marines, First Provisional Marine Brigade (Reinforced), Fleet Marine Force, Pacific, in action against enemy aggressor forces near the village of Changallon, Korea, on 13 August 1950. When his company was disengaging the enemy to move to another zone of action, Sergeant Budd saw a member of the rear guard fall wounded. Voluntarily and unhesitatingly, with complete disregard for his personal safety, Sergeant Budd crossed approximately fifty yards of terrain under heavy enemy machine-gun, mortar, and small-arms fire to rescue his fallen comrade. After he had lifted the stricken Marine to his shoulders, Sergeant Budd was wounded fatally by a concentration of hostile machine-gun fire. The extraordinary heroism displayed by Sergeant Budd on this occasion reflects the greatest credit on himself and is in keeping with the high traditions of the military service.