Eastman Kodak (NYSE: KODK) sees Southeastern and Longleaf exit with 0% ownership
Rhea-AI Filing Summary
Eastman Kodak Co. disclosed that long-time investor Southeastern Asset Management, Inc., its affiliated Longleaf Partners Small-Cap Fund, and O. Mason Hawkins now report 0 shares of Kodak common stock, representing 0% of the outstanding class, as of the event date noted in the filing. All three reporting persons state they have no sole or shared power to vote or dispose of any Kodak shares.
The filing indicates that these investors now own 5% or less of Kodak’s common stock, meaning they are no longer significant beneficial owners under Schedule 13G thresholds. The reporting persons also certify that any securities previously held were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Eastman Kodak.
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Insights
Major institutional holders report exiting Eastman Kodak, reducing disclosed large-block ownership.
Southeastern Asset Management, Longleaf Partners Small-Cap Fund, and O. Mason Hawkins now each report owning 0 shares and 0% of Eastman Kodak common stock. They also report no sole or shared voting or dispositive power, signaling a complete exit from beneficial ownership for Schedule 13G reporting purposes.
This change means Eastman Kodak loses a previously reportable large shareholder, which can alter the company’s visible institutional ownership profile. The filing notes that securities associated with these investors were held in the ordinary course of business and not with the intent to influence control, aligning their status with that of non-activist, traditional investment holders.
The key item for investors is that these parties now own 5% or less of the stock, removing them from the list of significant Schedule 13G filers. Future company filings that detail shareholder composition and ownership concentrations will show the impacts of this exit relative to other institutional holders.