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  • Asset Impairment (new) — Kodak recorded a $22 million impairment charge on its Wildcat Discovery Technologies investment in 2025 due to strategic challenges at the portfolio company.
NYSE: KODK EASTMAN KODAK CO 10-K

Kodak completes pharma facility, cuts 10% of workforce, exchanges Series C for equity

Filed March 12, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 17, 2025 · ~1 min read

Key Changes

  • high

    Series C Preferred Stock fully exchanged for 15.1M common shares in August 2025, eliminating dividend obligations; Series B terms amended with June 2029 mandatory redemption and conversion triggers at $14.50-$16.50 stock prices.

    Notes: Preferred Stock verify on EDGAR →
  • high

    Term Loan lenders require $100M in prepayments ($50M by March 18, 2026 and $50M by June 1, 2026), each with 1% fee, signaling lender pressure to reduce exposure.

    Notes: Term Loan Amendment verify on EDGAR →
  • high

    Workforce reduced 10% from 3,900 to 3,500 employees and operations pulled back from two countries, reflecting cost management or restructuring amid tariff and pricing pressures.

    Business: Headcount verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Source-verified from EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify