---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-130438"
form_type: "8-K"
ticker: "KODK"
cik: "0000031235"
company_name: "EASTMAN KODAK CO"
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T19:15:05.969392+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Kodak pension trust sells $764M illiquid assets; board eyes termination with up to $585M surplus to Kodak

## Summary
- Trust sells KRIP illiquid assets (NAV $764.4M) for $550.6M cash plus $87.3M NAV for $61.7M cash; closing Dec 31, 2024.
- Board reviews KRIP termination; estimates surplus of $885M-$975M after liabilities satisfied.
- Kodak projects receiving $530M-$585M after 20% excise tax; $220M-$245M goes to replacement plan.
- Kodak expects to use ~$315M to prepay term loans, saving $40M annual interest; frees $215M-$270M for corporate use.
- Timeline: 12-18 mo to satisfy liabilities; 18-24 mo before Kodak receives reversion proceeds.

## SEC filing metadata
- accession: 0000950170-24-130438
- form_type: 8-K
- ticker: KODK
- cik: 0000031235
- company_name: EASTMAN KODAK CO
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31235/000095017024130438/0000950170-24-130438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31235/000095017024130438/kodk-20241120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-130438
- JSON: https://secwatch.observer/filing/0000950170-24-130438.json
- Plain text: https://secwatch.observer/filing/0000950170-24-130438.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.