Eastman Kodak raises Byrd's base salary to $400K

Fiscal 2026 incentive awards are payable in 2027, and the stock portion for two executives depends on continued employment through year-end.

Available on EDGAR 11/05/2026 - 05:02 PM EST Accepted by SEC EDGAR 11/05/2026 - 05:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Eastman Kodak Company’s Compensation, Nominating and Governance Committee approved compensation changes for several executive officers on October 30, 2026. Roger Byrd, General Counsel, Secretary and Senior Vice President, and Richard Michaels, Chief Accounting Officer and Corporate Controller, had annual base salaries increased to $400,000 and $305,000, respectively, effective January 1, 2026. Additional amounts for prior pay periods are to be paid in arrears in November 2026.

For fiscal 2026, with awards payable in 2027, target annual incentive awards under the Functional Group Management Bonus Plan increased to 50% of annual base salary for David Bullwinkle, Chief Financial Officer and Senior Vice President, and Roger Byrd, and to 35% for Richard Michaels. For Bullwinkle and Byrd, 70% of amounts earned will be paid in cash and 30% through restricted stock units that vest on December 31 of the grant year, subject to continued employment through that date.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Roger Byrd annual base salary: $400,000 Richard Michaels annual base salary: $305,000 David Bullwinkle target annual incentive award: 50% of annual base salary +4 more

7 metrics

Roger Byrd annual base salary $400,000 Effective January 1, 2026

Richard Michaels annual base salary $305,000 Effective January 1, 2026

David Bullwinkle target annual incentive award 50% of annual base salary Fiscal 2026; payable in 2027

Roger Byrd target annual incentive award 50% of annual base salary Fiscal 2026; payable in 2027

Richard Michaels target annual incentive award 35% of annual base salary Fiscal 2026; payable in 2027

Cash portion of earned awards 70% David Bullwinkle and Roger Byrd

Restricted stock unit portion of earned awards 30% David Bullwinkle and Roger Byrd

Key Terms

Functional Group Management Bonus Plan, target annual incentive award, restricted stock units, paid in arrears

4 terms

Functional Group Management Bonus Plan financial

"under the Company’s Functional Group Management Bonus Plan"

target annual incentive award financial

"The target annual incentive award under the Company’s"

restricted stock units financial

"paid with the grant of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

paid in arrears financial

"additional amounts for prior pay periods to be paid in arrears"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are KODK’s updated executive base salaries?

Roger Byrd’s annual base salary increased to $400,000, and Richard Michaels’s increased to $305,000, effective January 1, 2026. Additional amounts for prior pay periods are to be paid in arrears in November 2026.

What are KODK’s 2026 executive incentive targets?

David Bullwinkle and Roger Byrd have target annual incentive awards of 50% of annual base salary each, and Richard Michaels’s target is 35%, effective for fiscal 2026 and payable in 2027. For Bullwinkle and Byrd, 70% of amounts earned will be paid in cash and 30% through restricted stock units, which vest on December 31 of the grant year subject to continued employment through that date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000031235falseNJ00000312352026-10-302026-10-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________ Form 8-K ________________
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2026
EASTMAN KODAK COMPANY (Exact name of registrant as specified in its charter)
NEW JERSEY (State or other jurisdiction of incorporation)	1-87 (Commission File Number)	16-0417150 (IRS Employer Identification No.)
343 State Street Rochester, NY 14650 (Address of principal executive offices with zip code)
(800) 356-3259 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.01 per share	KODK	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company. 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

1

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 30, 2026, the Compensation, Nominating and Governance Committee (the “Committee”) of the Board of Directors of Eastman Kodak Company (the “Company”) approved changes in compensation for certain executive officers. First, the annual base salaries for Roger Byrd, General Counsel, Secretary and Senior Vice President, and Richard Michaels, Chief Accounting Officer and Corporate Controller, were increased to $400,000 and $305,000, respectively, effective January 1, 2026, with the additional amounts for prior pay periods to be paid in arrears in November 2026. Second, the target annual incentive award under the Company’s Functional Group Management Bonus Plan (the “MBP”) for David Bullwinkle, Chief Financial Officer and Senior Vice President, and Messrs. Byrd and Michaels were increased to 50%, 50% and 35% of their annual base salary, respectively, effective as of the 2026 fiscal year (payable in 2027). Finally, the Committee revised the annual incentive awards under the MBP for Messrs. Bullwinkle and Byrd, to provide for 70% of the amount earned to be paid in cash and the remaining 30% to be paid with the grant of restricted stock units that will vest on December 31 of the year of the grant, subject to their continued employment through such date.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EASTMAN KODAK COMPANY

(Registrant)

/s/ Roger W. Byrd

Roger W. Byrd

General Counsel, Secretary and Senior Vice President

Date: November 5, 2026

3

Filing Exhibits & Attachments

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