History still in the making… Kodak has agreed to sell its water system used in Eastman Business Park to Recycled Energy Development-Rochester, LLC RED-Rochester). In 2010 Rochester City Council issued a franchise to Kodak to sell water to tenants in the Park. RED-Rochester would own the water treatment and distribution facilities. If approved by the …
History still in the making… The Federal Securities and Exchange Commission (SEC) on Monday released information remuneration of Kodak CEO Antonio Perez for 2012. His base salary was about $1.15 million million but his total compensation added up to $3.46 million with bonuses and other benefits added in. Then if Kodak successfully emerges from bankruptcy …
History still in the making… It was a busy week for Kodak. On Monday Kodak reported a first quarter profit of $283 million. Revenue was down a little less than 10% at $849 million. The quarterly profit includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio. We reported here …
History still in the making… On Monday, Kodak announced that they entered into a purchase agreement with Brother Industries, Ltd. for the proposed sale of Kodak’s Document Imaging business for a cash purchase price of approximately $210 million. Brother would assume the liability of the business, which totaled approximately $67 million. Kodak’s Document Imaging business provides …
History in the making… On Tuesday Kodak announced that James V. Continenza has been elected as a member of the Board of Directors. Mr. Continenza brings to Kodak experience as a manager and director with diverse companies that have successfully emerged from corporate restructuring. On Wednesday it was announced that the University at Albany College …
History in the making… Kodak made money in February. They showed a profit of $404 million but that is after including the sale of their digital patents for $525 million. Without the patent sale, Kodak would have had a loss of about $34 million for the month. Kodak has named Spicers Canada Limited a Gold …
Kodak sold Co. has sold 180 acres of land in the former Kodak Park South for $1.4 million, according to documents in the County Clerk’s office. The buyer is LiDestri Food and Beverage a manufacturer of dips, sauces and beverages. In 2009 LiDestri bought the former Kodak building 642 and last year former building …
History in the making… On Friday Kodak announced the expiration, at 5:00 p.m. on March 14, 2013, of the offer to holders of its outstanding 10.625% Senior Secured Notes due March 15, 2019 and 9.75% Senior Secured Notes due March 1, 2018 to subscribe for up to an aggregate amount of $455 million of term …
There wasn’t any Kodak news this week. You could take that two ways. There wasn’t any bad news. Nor was there any good news. Stock price is running at around 20 cents per share.
History in the making… On Thursday Kodak reported a net loss of $58.1 million in January on sales of $127.9 million. Its loss from continuing operations totaled $57.2 million. Kodak had reported a net loss in December of $272.4 million on sales of $152.1 million. Is it possible that in a few months Kodak will …