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Stock impact report

Eastman Kodak Adopts Tax Asset Protection Plan; Files Certificate of Amendment With Respect to Charter Amendment Designed to Protect Tax Assets

Eastman Kodak Company Common New (KODK) 
US:NYSE Investor Relations: investor.kodak.com
Company Research Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak (NYSE:KODK) announced today that it has adopted a Tax Asset Protection Plan (with the related rights being issued as a dividend to shareholders of record as of today) and filed an amendment to its certificate of incorporation in order to protect Kodak’s substantial tax assets. The Plan and the amendment have been approved by the written consent of a majority of Kodak’s common and preferred shareholders, and were described in an information statement mailed to Kodak shareholders on or about August 23, 2019.The Plan is designed to reduce the likelihood that Kodak will experience an ownership change that could adversely affect Kodak’s tax assets by discouraging any person from becoming a holder of 10% of Kodak’s common stock and by discouraging existing 10% shareholders from acquiring more than 1,000,000 additional shares. The amendment to the certificate of incorporation will generally restrict the transfer of Kodak common stock if the Show less Read more
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