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): April 29, 2009
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 Securities 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
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Pursuant
to a decision made April 29, 2009, the Company has implemented salary reductions
for Antonio M. Perez, Chairman and Chief Executive Officer; Frank S. Sklarsky,
Chief Financial Officer; Philip J. Faraci, President and Chief Operating
Officer; MaryJane Hellyar, President, Film, Photofinishing and Entertainment
Group; and Robert L. Berman, Chief Human Resources Officer. The
reductions are effective as of the pay cycle beginning April 27, 2009 and will
remain in effect through the final pay cycle in 2009. The reductions
are part of a series of cost saving initiatives that the Company is implementing
in response to the effects of the global economic conditions. The
reductions are as follows:
|
Named
Executive Officer
|
Percent
reduction for remaining pay periods in 2009
|
Percent
reduction on an annualized basis
|
Total
dollar reduction
|
|
Antonio
M. Perez
|
15%
|
9.81%
|
$107,509
|
|
Frank
S. Sklarsky
|
10%
|
6.54%
|
$39,094
|
|
Philip
J. Faraci
|
10%
|
6.54%
|
$45,610
|
|
Mary
Jane Hellyar
|
10%
|
6.54%
|
$31,927
|
|
Robert
L. Berman
|
10%
|
6.54%
|
$25,085
|
Additionally,
the Company has entered into an amendment to the employment letter agreement of
Antonio M. Perez, Chairman and Chief Executive Officer, in which the parties
have agreed that the above-described salary reduction for Mr. Perez shall not
trigger a default of his letter agreement.
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SIGNATURES
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/ Robert L. Berman
Robert
L. Berman
Chief Human Resources
Officer
and Senior Vice President
Date: April
30, 2009
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