secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN KODAK CO (KODK)
CIK:        0000031235
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001437749-23-033508
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31235/000143774923033508/0001437749-23-033508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31235/000143774923033508/ekc20231204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033508

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer