Kodak News; Aug. 18 – 24

History still in the making… It was a big week for Kodak. On Tuesday they asked the bankruptcy court for approval of their restructuring plan. A trustee from the US Justice Department made an objection to the part of the plan that would give bonuses to the CEO and certain Kodak executives. The Judge pointed …

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Kodak News; Aug. 11 – 17

History still in the making… Kodak’s Theater at Eastman Business Park will now be leased by the Rochester Association for Performing Arts (RAPA). The theater in building 28 on West Ridge Road will be used as a community entertainment, conference and education center. RAPA also plans to showcase the theater as a production center and …

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Kodak News; Aug. 4 – 10

History still in the making… On Tuesday Kodak announced a new five-year senior secured credit of $200 million. Added this to the previously announced $695 million credit and Kodak is ready to emerge from bankruptcy. This new credit line will be managed by Bank of America Merrill Lynch, Barclays and J.P. Morgan. If your read …

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Kodak News; July 28 – Aug. 3

It was announced on Tuesday that CEO Antonio Perez will eventually be leaving Kodak. He will remain at Kodak for up to a year after Kodak emerges fron bankruptcy or until the Kodak Board of Directors elects a successor, whichever is sooner. Perez then will work as a full-time special advisor for up to 3 …

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Kodak News; June 17 – 21

History still in the making… Kodak and the State of New York have¬† reached an agreement to establish a $49 million environmental trust for Eastman Business Park (EBP)¬† (formerly Kodak Park). This trust will be available for remediation of past environmental concerns. This deal also helps stabilize the future of EBP which now has over …

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Kodak News; June 10 – 14

History still in the making… Kodak plans to shut down its cellulose acetate base manufacturing operations next week. Light sensitive chemicals are spread on the acetate base to make photographic film. The acetate base is made in building 53 in Eastman Business Park. Kodak has an inventory of years worth of acetate base and are …

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Kodak News; June 3 – 7

History still in the making… Kodak announced on Monday that it has reached a new agreement with 20th Century Fox to supply motion picture film to its movie and television studios through 2015. Although demand for movie film is down, Kodak said it continues to manufacture billions of linear feet of film each year. At …

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Kodak News; May 27 – 31

History still in the making… Kodak wants to set up a environmental trust fund to settle claims by both the Federal and NY State governments. The claims by those governments amount to over $96 million including a $10.1 million fine for toxic silver contamination of sediments in the Genesee River. The trust fund would be …

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Kodak News; May 13 – 19

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 …

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Kodak News; May 6 – 10

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 …

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