Kodak Announces Material Definitive Agreement

TL;DR

Kodak just signed a big deal, details to come.

AI Summary

Eastman Kodak Company (Kodak) announced on October 14, 2025, that it has entered into a Material Definitive Agreement. The filing also indicates other events and the submission of financial statements and exhibits. Specific details of the agreement and financial information were not provided in this excerpt.

Why It Matters

This filing signals a significant new agreement for Eastman Kodak, which could impact its business operations, financial performance, and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which often involves significant financial or operational commitments, but lacks specific details to fully assess the risk.

Key Players & Entities

• EASTMAN KODAK COMPANY (company) — Registrant
• October 14, 2025 (date) — Earliest event reported
• 343 State Street Rochester, NY 14650 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common stock, par value $0.01 per share KODK New York Stock Excha
• $1.8 billion — ransfer to the Insurer of approximately $1.8 billion of pension obligations. The Annuity Con
• $76 million — 2025, the Company settled approximately $76 million of pension obligations through lump-sum
• $157 million — Company expects to settle approximately $157 million of pension obligations through lump-sum

Filing Documents

• kodk-20251014.htm (8-K) — 39KB
• 0001193125-25-241430.txt ( ) — 146KB
• kodk-20251014.xsd (EX-101.SCH) — 29KB
• kodk-20251014_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On January 21, 2025, the Board of Directors of Eastman Kodak Company (the "Company") approved the termination of the Kodak Retirement Income Plan ("KRIP"), effective March 31, 2025, and no further benefits were accrued under KRIP following this date. On October 14, 2025, the Company and State Street Global Advisors Trust Company, as independent fiduciary of KRIP, entered into a Commitment Agreement (the "Agreement") with Metropolitan Tower Life Insurance Company (the "Insurer") under which the Company will purchase a nonparticipating single premium group annuity contract (the "Annuity Contract") from the Insurer to facilitate the transfer to the Insurer of approximately $1.8 billion of pension obligations. The Annuity Contract will be funded directly by the assets of KRIP, and the Company does not expect to make any cash contributions related to this transaction. The Agreement contains closing conditions customary for a transaction of this nature. Assuming all closing conditions are satisfied, the transaction is expected to close on October 21, 2025 (the "Closing Date") and will cover approximately 27,000 KRIP participants and beneficiaries (the "Transferred Participants"). Subject to certain conditions set forth in the Agreement, the Insurer will assume the obligation for retirement benefits of each Transferred Participant upon the Closing Date and all Transferred Participants will continue to receive their benefit payments from the current trustee until early 2026, at which time the Insurer will assume full responsibility for administrative and customer service support, including distribution of payments to the Transferred Participants.

01 Other Events

Item 8.01 Other Events Approximately 3,600 active and deferred vested participants elected to receive a lump-sum distribution of their vested retirement benefits in lieu of an annuity. On October 1, 2025, the Company settled approximately $76 million of pension obligations through lump-sum payments to deferred vested participants. The Company expects to settle approximately $157 million of pension obligations through lump-sum payments to active participants on or about November 1, 2025. Following the final lump sum payments, KRIP will transfer any remaining liabilities for any missing participants and the appropriate level of assets to the Pension Benefit Guaranty Corporation ("PBGC") missing program, which is expected to occur in November 2025. The lump-sum payments to KRIP participants and payment to the PBGC have been and will be funded directly from KRIP's assets. Upon completion of the annuity transaction, the lump-sum payments to active participants and transfer of any remaining liabilities for any missing participants to the PBGC, all pension obligations under KRIP will be fully settled. The Company expects KRIP to distribute surplus assets to the Company and the Kodak Cash Balance Plan in December 2025.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EASTMAN KODAK COMPANY By: /s/ David E. Bullwinkle Name: David E. Bullwinkle Title: Chief Financial Officer and Senior Vice President Date: October 16, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR