David P. Bovenzi
On August 23, 2023, David P. Bovenzi was appointed to the Board and the Compensation, Nominating and Governance Committee of the Board.
Highest-materiality recent filing
Kodak Q2 2026 revenue $311M (+18% YoY); net income $17M vs loss $26M
Consolidated revenue $311M, up 18% YoY; gross profit $82M, up 61%.
Eastman Kodak shareholders elect all 7 director nominees, approve say-on-pay and plan amendment
All seven director nominees elected; CEO James V. Continenza received 58.5M votes for, 8.6M against.
Kodak Q1 revenue up 7% to $265M; Operational EBITDA jumps to $15M from $2M
Consolidated revenue $265M, up $18M (+7%) YoY; Print revenue $180M (+9%), AM&C $76M (+3%).
Kodak Q4 rev $290M (+9%); FY25 op. EBITDA $62M (+138%), net loss $128M on KRIP termination
Q4 2025 revenue $290M (+9% YoY); AM&C up 25%, Print up 4%.
Kodak extends CEO Jim Continenza's contract to 2030, awards 5M RSU renewal grant
New Employment Agreement effective Jan 1, 2026 extends term through Dec 31, 2030.
Kodak modifies vesting terms for Terry Taber's RSUs; all vest May 17, 2026
16,668 timing-vesting RSUs (from 50,000 granted May 17, 2023) now vest on May 17, 2026 as scheduled.
Kodak completes $1.023B pension reversion; repays $312M in term loans, net cash positive
Excess pension assets of $1.023B reverted to Kodak; $767M in cash and investments retained.
Eastman Kodak SVP & CTO Terry Taber to retire effective Jan 2, 2026
Terry Taber, SVP Advanced Materials & Chemicals and CTO, retiring after 45 years.
Kodak Q3 2025: Rev $269M (+3%), Operational EBITDA $29M vs $1M, pension reversion upsized to $600M
GAAP net income $13M vs $18M prior year; gross profit +51% to $68M; gross margin 25% vs 17%.
Kodak closes pension annuity purchase with Metropolitan Tower Life Insurance
On October 21, 2025, Kodak closed the purchase of an Annuity Contract from Metropolitan Tower Life Insurance Company for its KRIP pension plan.
Eastman Kodak to transfer ~$1.8B in pension obligations to Metropolitan Tower Life Insurance
Enters Commitment Agreement with Metropolitan Tower Life to buy group annuity covering ~27,000 KRIP participants; closing expected Oct 21, 2025.
Kodak Q2 net loss $26M; going concern doubt raised on debt obligations
GAAP net loss of $26M vs net income of $26M in Q2 2024; revenue $263M, down 1% YoY.
KODK shareholders elect all 7 directors, approve say-on-pay, ratify EY auditor
All 7 director nominees elected; CEO Continenza received 50.6M for, 561k against.
Eastman Kodak enters ATM equity offering for up to $100M of common stock
Agreement with BofA Securities allows sale of up to $100M of KODK common stock at prevailing market prices.
Kodak reports Q1 2025 net loss of $7M; revenue nearly flat at $247M
Revenue $247M, roughly flat vs $249M in Q1 2024; gross profit $46M, down 6%.
Kodak Q4 net income $26M (up 420% YoY); full-year revenue $1.043B (-7%)
Q4 revenue $266M (-3% YoY); GAAP net income $26M vs $5M in Q4 2023.
Kodak pension trust completes sale of $752.8M illiquid assets to Mastercard Foundation for $540.6M
Trust sold KRIP illiquid assets with $752.8M NAV to Mastercard Foundation on Dec 31, 2024, receiving $540.6M gross proceeds.
Trust sells KRIP illiquid assets (NAV $764.4M) for $550.6M cash plus $87.3M NAV for $61.7M cash; closing Dec 31, 2024.
Kodak Q3 revenue down 3% to $261M; net income jumps to $18M but operational EBITDA plunges 92%
Revenue $261M vs $269M YoY; GAAP net income $18M vs $2M (up 800%).
Kodak Q2 revenue falls 9% to $267M; net income drops 26% to $26M
Revenue $267M (-9% YoY); GAAP net income $26M (-26%); Operational EBITDA $12M (-45%).
All director nominees received majority support; Jason New received 30.8M for, 12.7M against.
Kodak Q1 2024 revenue down 10% to $249M; Operational EBITDA falls 56% to $4M
Revenue $249M, down 10% YoY from $278M; gross profit $49M, down 2%.
Kodak FY2023 net income $75M (+188%), revenue $1.117B (-7%), cash $255M
Q4 revenue $275M (-10%), gross profit $47M (17% margin) vs 14% prior year.
Eastman Kodak extends CEO James Continenza's contract to 2027 with enhanced compensation
Base salary of $1M; annual cash incentive up to 125% of base salary.
Kodak Q3 revenue down 7% to $269M but gross profit up 16%; Operational EBITDA $12M (+71%)
Revenue $269M (-7% YoY); gross profit $50M (+16%) with margin 19% vs 15%.
Director B. Thomas Golisano resigns; David P. Bovenzi appointed to Eastman Kodak board
Resignation effective August 23, 2023, not due to any disagreement with company.
Kodak Q2 2023: Revenue $295M (-8% YoY), Net Income $35M (+$15M), EBITDA Doubled to $22M
Revenue $295M vs $321M (-8%); gross profit $63M (+24%) driven by pricing and efficiency.
Eastman Kodak closes $450M term loan refinancing, terminates ABL facility and $25M convertible notes
Borrowed $450M under amended term loan credit agreement to refinance existing senior secured term loan and repay ABL revolver and $25M convertible notes.
Eastman Kodak secures $450M term loan facility at 12.5% interest; extends maturity to 2028
New $450M term loan from Kennedy Lewis affiliates at 7.5% cash + 5.0% PIK (12.5% total).
All seven director nominees elected; votes for ranged from ~36.7M to ~44.5M, with ~22.6M broker non-votes.
Kodak reports Q1 net income $33M vs loss; gross profit up 52% to $50M
Consolidated revenue $278M, down 4% YoY (-1% constant currency).
Kodak reports Q4 net income of $7M vs loss of $6M; FY revenue up 5% to $1.205B
Q4 GAAP net income $7M (vs net loss $6M in Q4 2021); Operational EBITDA $7M (vs negative $8M).
Kodak Q3 revenue $289M, net income $2M; cash down to $216M; invests $25M in battery tech
Revenue $289M (+$2M YoY; +$24M constant currency); GAAP net income $2M vs $8M prior.
Kodak Q2 2022: revenues $321M (+10% YoY), net income $20M
Consolidated revenues $321M, up from $291M in Q2 2021 (+10% YoY).
All 7 director nominees elected with 39.7M-40.0M votes for, 0.6M-4.4M against, 23.1M broker non-votes.
Kodak reports Q1 revenue growth to $290M, GAAP net loss of $3M and negative Operational EBITDA
Consolidated revenue $290M, up 9% versus $265M in Q1 2021.
Kodak FY2021 revenue $1.15B, net income $24M (vs -$541M), operational EBITDA $11M
FY2021 consolidated revenues $1.150B, up 12% from $1.029B in 2020.
Kodak Q3 2021 revenue $287M, GAAP net income $8M, Operational EBITDA $6M
Revenue of $287M, up $35M YoY from $249M; GAAP net income of $8M vs net loss of $445M in Q3 2020 (incl. $416M derivative charge).
Kodak Q2 2021 revenue $291M up 37% YoY; net income $16M vs loss $5M
Revenue $291M, up $78M from $211M in Q2 2020.
On August 23, 2023, David P. Bovenzi was appointed to the Board and the Compensation, Nominating and Governance Committee of the Board.
On August 23, 2023, B. Thomas Golisano resigned as a member of the Board of Directors (the “Board”) of Eastman Kodak Company (the “Company”).
Max materiality 0.90 · Median 0.65 · Most common event earnings