Eastman Kodak extends CEO James Continenza's contract to 2027 with enhanced compensation

EASTMAN KODAK CO

Base salary of $1M; annual cash incentive up to 125% of base salary.
Renewal bonus: $1M cash plus $1M in RSUs vesting over 3 years.
Annual RSU award: $2.5M (half time-vesting, half performance-vesting over 3 years).
Additional $2M cash bonus if term loan debt reduced to $300M or less within 3 years and unrestricted cash ≥ $200M.
Severance: 2 years base salary plus incentive, accelerated vesting of certain RSUs.

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