Short answer
EASTMAN KODAK CO (KODK) filed an 8-K current report with the SEC on February 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Continenza contract extended to Dec 31, 2030: replaces prior agreement set to expire Feb 2027.
EASTMAN KODAK CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Continenza contract extended to Dec 31, 2030: replaces prior agreement set to expire Feb 2027
- Base salary $1.2M/year with annual cash bonus up to 125% of base ($1.5M max)
- Renewal grant of 5M RSUs vesting annually over 5 years starting Dec 31, 2026: significant dilution risk
- Annual RSU award of $2.5M/year starting Feb 2027, split 50/50 time-vesting and performance-vesting
- Termination without cause triggers 2 years base + 2 years bonus severance plus accelerated RSU vesting: substantial exit package
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