The Eastman Kodak Co. Board of Directors elected Jeffrey J. Clarke as CEO and board member. “Jeff is the right person to lead Kodak forward,” said James V. Continenza, Kodak’s chairman of the board. “His combination of strengths and experience in technology, transformation, finance, operations and international business is precisely what we set out to find in the next leader of Kodak.”
Read MoreCompany: Eastman Kodak Co.
Kodak Emerges from Bankruptcy as a Smaller Company Focused on Commercial Printing
The Eastman Kodak Company, the corporation made famous as a film giant, announced that it has emerged from Chapter 11 and restructured its business model 20 months after filing for bankruptcy protection.
Read MoreKodak Announces Reorganization Plan, Expects to Exit Bankruptcy by September
The Eastman Kodak Company revealed its plans to emerge from bankruptcy and refocus its business operations. The company expects to emerge from chapter 11 protection by September and will readjust its business model to concentrate on the commercial print industry.
Read MoreKodak and Lenders Finalize Terms of Interim and Exit Financing
Kodak has reached an agreement with the Steering Committee of the Second Lien Noteholders to amend the terms for the previously announced interim and exit financing package. The amendments provide Kodak with additional flexibility to successfully execute its reorganization objectives and emerge from Chapter 11 in mid-2013.
Read MoreKodak Completes $527 Million Transaction Related to Digital Imaging Patents
Eastman Kodak Company, based in Rochester, N.Y., has completed a transaction for the sale and licensing of its digital imaging patents for net proceeds of $527 million.
Read MoreKodak Accepts $830 Million in Financing
Eastman Kodak Company announced that it has received and accepted an offer from the Steering Committee of the Second Lien Noteholders Committee for interim and exit financing totaling $830 million in loans. The commitment is superior to—and therefore replaces—the $793 million commitment announced by the company on November 12.
Read MoreKodak to End Desktop Printer Business, 200 More Jobs to Be Cut
Eastman Kodak Company announced Friday that it will cease making desktop inkjet printers as early as next February, adding 200 more jobs to the 3,700 that are expected to be cut by the end of the year.
Read MoreKodak to Sell Consumer and Imaging Units, Refocuses on Commercial Printing
Eastman Kodak Company has announced changes to the company’s core business model as it attempts to emerge from bankruptcy. The company has begun the process of selling off its consumer-focused Personalized Imaging and Document Imaging businesses.
Read MoreKodak Sells Online Services to Shutterfly
Eastman Kodak has announced that the company has agreed to sell its online photo gallery services to Shutterfly, another web-based photo service provider.
Read MoreKodak Shutters Camera Business, Focuses on Print
Kodak announced today that it will no longer operate in the digital camera business. The company stated it will begin to refocus its business toward photo and desktop printing, as well as licensing its brand and patents to other manufacturers.
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