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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Kodak News; April 29 – May 3

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 …

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Kodak News; Apr. 15 – 19

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 …

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Kodak News; April 1 – 5

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 …

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Kodak News; March 25 – 29

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 …

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Kodak News; March 18 – 22

  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 …

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Kodak News; March 11 – 15

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 …

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