Eastman Kodak (NYSE: KODK) investors approve directors, pay plan and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Eastman Kodak Company reported the voting results from its 2026 Annual Meeting of Shareholders, held virtually on May 20, 2026. Shareholders elected all seven director nominees for one-year terms, with support levels generally above 60 million votes for each candidate.
Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers, with 51,722,507 votes for and 15,001,269 votes against. They also approved the Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan.
Shareholders indicated a preference to hold the advisory vote on executive compensation every year, and the board plans to follow this annual frequency until the next required frequency vote. Ernst & Young LLP was ratified as the independent registered public accounting firm with 81,948,733 votes for.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding record date: 97,608,566 shares
Votes represented at meeting: 82,135,317 votes
Say-on-pay approval: 51,722,507 votes for
+4 more
7 metrics
Shares outstanding record date
97,608,566 shares
Common stock issued and outstanding as of March 23, 2026
Votes represented at meeting
82,135,317 votes
Votes present or represented at 2026 Annual Meeting (quorum)
Say-on-pay approval
51,722,507 votes for
Advisory vote on named executive officer compensation
Incentive plan amendment approval
51,924,803 votes for
Third Amendment to 2013 Omnibus Incentive Plan
Auditor ratification votes for
81,948,733 votes
Ratification of Ernst & Young LLP
One-year say-on-pay frequency support
39,558,616 votes
Preference for annual advisory vote on executive compensation
Chair election support
58,487,014 votes for
Votes for director James V. Continenza
Key Terms
Annual Meeting of Shareholders, quorum, advisory vote, Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan, +2 more
6 terms
quorum financial
"constituting a quorum for the transaction of business"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
advisory vote financial
"Shareholders approved, through an advisory vote, the compensation of the Company’s Named Executive Officers"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan financial
"Shareholders approved the Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan of the Company"
broker non-votes financial
"Votes For | Votes Against | Abstentions | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
FAQ
What was the main outcome of Eastman Kodak (KODK)'s 2026 Annual Meeting?
Shareholders elected all director nominees, approved executive pay, and ratified the auditor. They also backed an amendment to Kodak’s 2013 Omnibus Incentive Plan and supported holding an annual advisory vote on executive compensation.
Was Eastman Kodak’s Omnibus Incentive Plan amendment approved in 2026?
Yes. The Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan was approved with 51,924,803 votes for, 15,102,388 against, and 191,474 abstentions. Broker non-votes totaled 14,916,652 on this equity incentive plan proposal.