Eastman Kodak Company’s SEC filings document financial results, governance matters, executive compensation, equity awards, pension-plan actions, and debt-related disclosures for the public manufacturer. Form 8-K reports furnish quarterly and annual operating results, including segment detail for Print and Advanced Materials & Chemicals, as well as material events such as the Kodak Retirement Income Plan reversion, creation of the Kodak Cash Balance Plan, and term-loan repayments.
Proxy materials describe annual meeting proposals, director elections, board independence, board leadership, committee structure, codes of conduct, executive compensation programs, employment arrangements, restricted stock units, and shareholder voting matters. Other current reports record leadership transitions and compensation changes affecting senior management roles.
Eastman Kodak Company furnished a press release detailing its third quarter 2025 financial results. The company filed a Form 8-K under Item 2.02, with the press release included as Exhibit 99.1. This filing provides investors access to the company’s Q3 2025 performance information as shared in the press release.
Eastman Kodak Company reported third‑quarter results for the period ended September 30, 2025. Revenue was $269 million (up from $261 million), driven by Print annuities and Film & Chemicals within Advanced Materials & Chemicals. Gross profit rose to $68 million from $45 million as cost of revenues declined.
Quarterly net earnings were $13 million, while basic EPS attributable to common shareholders was $(0.08), reflecting capital structure effects. Year‑to‑date, revenue was $779 million with a $(20) million net loss. Operating cash use improved slightly to $(9) million.
Kodak addressed prior near‑term maturity concerns by amending its Term Loans and L/C facility and substantially settling KRIP pension obligations—about $2.1 billion—with the remainder to transfer to the PBGC by November 2025. Management expects a reversion of excess KRIP assets in December 2025 to fund required debt payments. Capital structure shifted as all Series C preferred was exchanged for 15,103,163 common shares on August 8, 2025, reducing redeemable preferred to $99 million. Cash was $168 million, and total equity rose to $762 million. Shares outstanding were 96.4 million as of October 31, 2025.
Eastman Kodak Company reported the completion of a pension-related transaction. On October 21, 2025, the Kodak Retirement Income Plan (KRIP), with State Street Global Advisors Trust Company acting as independent fiduciary, closed the purchase of an annuity contract with Metropolitan Tower Life Insurance Company and transferred related plan assets, as provided under a previously signed Commitment Agreement.
The company referenced prior disclosure from October 16, 2025 for the agreement’s terms and noted that the closing occurred pursuant to that agreement. This action moves benefit obligations to the insurer, with execution confirmed and documented by the company’s CFO.
Eastman Kodak Company entered a Commitment Agreement to purchase a nonparticipating single-premium group annuity from Metropolitan Tower Life Insurance Company, transferring approximately $1.8 billion of KRIP pension obligations. The annuity will be funded by KRIP assets, and the Company does not expect cash contributions. Closing is expected on October 21, 2025, covering about 27,000 participants, with the insurer assuming full administration in early 2026.
Approximately 3,600 participants elected lump sums. The Company settled about $76 million of obligations on October 1, 2025 and expects to settle about $157 million on or about November 1, 2025. Remaining liabilities for missing participants are expected to transfer to the PBGC missing program in November 2025. Upon completion, all KRIP obligations will be fully settled, and KRIP expects to distribute surplus assets to the Company and the Kodak Cash Balance Plan in December 2025.
Philippe D. Katz, a director and >10% owner of Eastman Kodak Company (KODK), reported purchases and holdings on 08/14/2025. An attorney-in-fact executed the Form 4.
Mr. Katz purchased 10,000 shares of common stock at $5.67 per share. After the transaction he directly owned 180,026 shares and reported multiple indirect holdings through entities totaling 2,522,011, 1,569,870, 7,598, 87,720, and 48,875 shares respectively. He also holds 16,393 restricted stock units, 125,871 phantom stock rights, and several vested stock options exercisable into common stock.
James V. Continenza, Executive Chairman and CEO of Eastman Kodak Company (KODK), purchased 50,000 shares of common stock on 08/14/2025 at a weighted average price of $5.74 per share. After the purchase he directly beneficially owns 1,902,011 shares. The filing also discloses his holdings of equity awards: several tranches of restricted stock units converting one-for-one into common shares (100,000; 172,414; 392,671), phantom stock representing 241,589 shares payable after separation, and multiple stock options and option pools totaling over 4.7 million underlying shares across various strike prices and exercise dates, some fully vested and some with vesting in 2025–2026.
The filing reports that GO EK Ventures IV, LLC and B. Thomas Golisano converted Series C Convertible Preferred Stock into Eastman Kodak common stock under a Series C Preferred Stock Exchange Agreement dated August 8, 2025. The Reporting Person exchanged 1,241,871 shares of Series C preferred with an aggregate liquidation preference of $124,187,100 plus accrued dividends for common stock at $8.25 per share, receiving 15,103,163 shares.
After the exchange the Reporting Person’s stake represents about 15.7% of Kodak’s common stock based on 81.0 million shares outstanding; Mr. Golisano’s total reported holdings are 15.8%. The agreements include amended registration rights to permit resale and provide that Kodak will nominate a director designated by the holder while the holder owns at least 10% (initially David P. Bovenzi). No other plans or proposals are disclosed.
GO EK Ventures IV, LLC, whose sole member is B. Thomas Golisano (a director and 10% owner), acquired 15,103,163 shares of Eastman Kodak common stock on 08/08/2025 by exchanging 1,241,871 shares of 5.00% Cumulative Series C Convertible Preferred Stock plus accrued and unpaid dividends. The parties agreed to an exchange price of $8.25 per share, and the Series C preferred converts into common stock on a ten-for-one basis.
Following the exchange, GO EK Ventures IV, LLC directly beneficially owns 15,103,163 common shares. The filing also discloses a separate disposition of 47,348 common shares by B. Thomas Golisano. The converted Series C preferred has no expiration date.
Eastman Kodak Company reported modestly lower revenue and a swing to net losses in 2025. Total revenue for the quarter ended June 30, 2025 was $263 million versus $267 million a year earlier, with gross profit of $51 million versus $58 million. Kodak recorded a net loss of $26 million for the quarter (basic EPS $(0.36)) and a six-month net loss of $33 million (six-month EPS $(0.48)), compared with six-month earnings of $58 million a year earlier.
The balance sheet shows constrained near-term liquidity and heightened short-term obligations. Cash and cash equivalents were $155 million (total cash, cash equivalents and restricted cash $253 million). Short-term borrowings and current portion of long-term debt increased to $479 million (the Term Loans of approximately $477 million were classified current after an amendment accelerating the maturity to May 22, 2026), and total current liabilities rose to $729 million from $261 million at year-end, which the company states raises substantial doubt about its ability to continue as a going concern. Kodak’s plans depend on proceeds from the KRIP settlement and on converting, redeeming, extending or refinancing Series B preferred stock and Term Loans.
Other notable items disclosed: $17 million impairment on an investment in Wildcat Discovery, Series B preferred carrying value $99 million and Series C $123 million (Series C was exchanged for common shares on August 8, 2025 per a subsequent event), $20 million of other charges in Q2, and approximately $89 million of unrecognized revenue from unsatisfied performance obligations.
Eastman Kodak Company filed a Current Report on Form 8-K furnishing a press release that describes its second quarter 2025 financial results. The filing states the press release is attached as Exhibit (99.1) and that a Cover Page Interactive Data File is embedded within the Inline XBRL document. The 8-K itself does not reproduce the company's numeric results; rather, it formally furnishes the company's public release of operating results. The report is executed by Richard T. Michaels, Chief Accounting Officer and Corporate Controller, as the authorized signatory.