Kodak erred with stock grants but review finds actions legal [ABC News]
Eastman Kodak Company Common New (KODK)
US:NYSE Investor Relations:
investor.kodak.com
Company Research
Source: ABC News
Shares of Kodak are sharply higher after an independent legal review found that while there were flaws in how Eastman Kodak issued stock option grants to its CEO just before revealing a major development that sent its stock soaring, no illegality was involved.In late July the U.S. International Development Finance Corporation signed a letter of intent to potentially give the photography pioneer a $765 million loan to help pay for factory changes needed to make pharmaceutical ingredients in short supply in the U.S.Shares surged from around $8 to more than $33 each in a day, at one point soaring as high as $60, a price that has not been seen for years at Kodak whose fortunes faded with the arrival of digital photography.The grants to the company's CEO, as well as a huge donation of company stock by a board member around the same time to an affiliated charity, caught the eye of both shareholders and regulators, as did highly active trading in Kodak shares the day before the announcement.
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KODK
News
- Eastman Kodak (NYSE: KODK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Eastman Kodak (NYSE: KODK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Prinics launches a new 'KODAK ERA' product line up [Yahoo! Finance]Yahoo! Finance
- Prinics launches a new 'KODAK ERA' product line upPR Newswire
- Kodak Pension Riches Point to $137 Billion Opportunity [Yahoo! Finance]Yahoo! Finance
KODK
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- KODK's page on the SEC website