Eastman Kodak Co.

Kodak Names Jeff Clarke As New CEO
March 17, 2014

The Eastman Kodak Co. Board of Directors elected Jeffrey J. Clarke as CEO and board member. “Jeff is the right person to lead Kodak forward,” said James V. Continenza, Kodak's chairman of the board. "His combination of strengths and experience in technology, transformation, finance, operations and international business is precisely what we set out to find in the next leader of Kodak."

Kodak and Lenders Finalize Terms of Interim and Exit Financing
March 6, 2013

Kodak has reached an agreement with the Steering Committee of the Second Lien Noteholders to amend the terms for the previously announced interim and exit financing package. The amendments provide Kodak with additional flexibility to successfully execute its reorganization objectives and emerge from Chapter 11 in mid-2013.

Apple, Google in Group Buying Kodak Patents
December 19, 2012

A group including Apple Inc., Google Inc. and Research In Motion Ltd. agreed to buy patents from bankrupt Eastman Kodak Co. for about $525 million, gaining digital-imaging technology to capture and share pictures.

The group is led by Intellectual Ventures Management LLC and RPX Corp., Kodak said in a statement today. Google, Apple and RIM are among the 12 patent licensees participating in the deal, according to a court filing. Under the terms, Intellectual Ventures will split the payment with the licensees.

Facebook Inc., Amazon.com Inc. and Microsoft Corp. also are part of the group, the court filing shows ...

Kodak Accepts $830 Million in Financing
December 5, 2012

Eastman Kodak Company announced that it has received and accepted an offer from the Steering Committee of the Second Lien Noteholders Committee for interim and exit financing totaling $830 million in loans. The commitment is superior to—and therefore replaces—the $793 million commitment announced by the company on November 12.

Kodak Loses Two Executives, Plans to Cut 1,000 Other Jobs
September 10, 2012

Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection.

The company has cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012's end. Annual savings from these cuts should reach about $330 million.

"We recognize that we must significantly and expeditiously reduce our current cost structure, which is designed for a much larger, more diversified set of businesses," Chairman and CEO Antonio Perez said in a statement.

In addition, president Philip Faraci and CFO Antoinette McCorvey are leaving their posts.