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EX-99.1 - EXHIBIT 99.1 - EASTMAN KODAK COa51207887ex99_1.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported): October 22, 2015


Eastman Kodak Company
(Exact name of registrant as specified in its charter)


New Jersey

1-87

16-0417150

 

(State or Other Jurisdiction of Incorporation)

(Commission File
Number)

(IRS Employer

Identification No.)

343 State Street

Rochester, New York 14650

(Address of Principal Executive Office) (Zip Code)


Registrant’s telephone number, including area code: (585) 724-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 2.02         Results of Operations and Financial Condition

On October 22, 2015, Eastman Kodak Company (the “Company”) issued a press release describing its third quarter 2015 financial results.  A copy of the press release is furnished as Exhibit (99.1) to this report.

Within the Company’s press release, reference is made to certain non-GAAP financial measures of increase in revenue from the Kodak Prosper Portfolio on a constant currency basis, Operational EBITDA, improvement in Operational EBITDA excluding the impacts of foreign exchange and non-recurring intellectual property revenue, Operating Expenses (Operational Selling, General and Administrative (“SG&A”) expenses and Operational Research and Development (“R&D”) expenses), improvement in Operating SG&A and Operating R&D expenses, reduction in revenue excluding non-recurring intellectual property revenue, decrease in legacy Consumer Inkjet printer cartridge sales and the impact of foreign exchange, change in revenues on a constant currency basis, and change in Operational EBITDA on a constant currency basis.       

The Company believes that these non-GAAP financial measures represent important internal measures of performance as used by the Company’s management. Accordingly, they are provided with the belief that this information will assist in properly assessing the underlying performance of the Company. In addition, the Company’s management believes that the presentation of the non-GAAP financial measures allows the user of the information to assess the Company’s financial results on a more comparable basis.  Whenever such information is presented, the Company has complied with the provisions of the rules under Regulation G and Item 2.02 of Form 8-K.


Item 9.01         Financial Statements and Exhibits

(d)         Exhibit

(99.1)    Press release issued October 22, 2015, regarding the Company’s third quarter 2015 financial results furnished with this document.


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/ Eric Samuels

Eric Samuels

Chief Accounting Officer and Corporate Controller

Eastman Kodak Company

 

Date:

October 22, 2015

EASTMAN KODAK COMPANY
INDEX TO EXHIBITS



Exhibit No.

(99.1)    Press release issued October 22, 2015, regarding the Company’s third quarter 2015 financial results furnished with this document.