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): June 17, 2009
Eastman
Kodak Company
(Exact
name of registrant as specified in its charter)
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New
Jersey
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1-87
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16-0417150
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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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:
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[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Securities Act (17 CFR
240.14a-12)
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[
]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On June
18, 2009, Eastman Kodak Company announced the consolidation of the positions of
President and Chief Operating Officer of its Film, Photofinishing and
Entertainment Group (“FPEG”). Also on June 18, 2009, the Company
announced the appointment of Brad W. Kruchten, Vice President, as President,
FPEG, effective July 1, 2009. Mr. Kruchten joined the Company in 1982
and currently holds the position of Chief Operating Officer of
FPEG.
As a
result of the consolidation, on June 18, 2009, the Company announced the
retirement of Mary Jane Hellyar, Executive Vice President and President, FPEG,
effective July 1, 2009. On June 17, 2009, the Executive Compensation
and Development Committee of the Company’s Board of Directors approved the
payment of Ms. Hellyar’s severance arrangement, which will be consistent with
the previously disclosed terms of her August 18, 2006 letter agreement with the
Company.
The
Company issued a press release relating to these events on June 18, 2009, which
is attached to this filing as Exhibit (99.1).
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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(99.1)
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Press
release issued by Eastman Kodak Company on June 18, 2009 relating to the
appointment of Bradley Kruchten.
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2
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: June
18, 2009
3
EASTMAN
KODAK COMPANY
INDEX
TO EXHIBITS
Exhibit
No.
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(99.1)
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Press
release issued by Eastman Kodak Company on June 18, 2009 relating to the
appointment of Bradley Kruchten.
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4
Exhibit
(99.1)
EASTMAN
KODAK COMPANY
Media Contact:
David
Lanzillo, Kodak, +1 585-781-5481, david.lanzillo@kodak.com
Kodak
Promotes Brad Kruchten to Lead Traditional Businesses
Management Layers
Streamlined; Mary Jane Hellyar to Retire
ROCHESTER,
N.Y., June 18 – Eastman Kodak Company (NYSE:EK) announced today that Brad W.
Kruchten has been promoted to the position of President of the company’s Film,
Photofinishing and Entertainment Group, effective July 1. He will report to
Antonio M. Perez, Kodak’s Chairman and Chief Executive Officer.
Kruchten, 49, is presently the Chief
Operating Officer of FPEG, with responsibility for the manufacture of all silver
halide-based products. As part of this change, the positions of President and
COO for FPEG will be combined, resulting in a leaner management structure. Mary
Jane Hellyar, who is currently the President of FPEG, will retire on July 1
after 27 years of service to Kodak.
The company’s Film, Photofinishing and
Entertainment Group manufactures and markets film for cinematographers,
professional photographers, consumers and industrial customers. FPEG, which also
manufactures and sells photographic paper and chemicals, had revenue of $2.987
billion in 2008.
“I am delighted to have someone of
Brad’s ability to succeed Mary Jane and extend the success of this business into
the future,” Perez said. “Brad has a broad range of senior management experience
in both digital and film businesses, and his career is marked by business
improvements in every leadership job he has held. I have every confidence that
Brad is the right person to lead this business for Kodak.”
“At the same time, we will miss the
talent and energy of Mary Jane Hellyar,” Perez said. “She led the traditional
business through the most tumultuous time in its history. We will miss her
insight and integrity, and on behalf of the entire Kodak family, we wish her
well in retirement.”
Prior to his current position, Kruchten
was the Worldwide General Manager for Retail Printing, which enables retailers
to offer an integrated retail photo printing service to film and digital
photographers. These products and services include kiosks, paper, retail
workflow software, service, and support. In particular, during Kruchten’s
tenure, Kodak extended its lead as the world’s No. 1 provider of retail photo
kiosks and introduced the APEX dry lab for photo processing. Before that, he was
the General Manager for the Consumer and Professional film business. The
Board of Directors elected him a corporate vice president in July
2002.
Kruchten joined Kodak in 1982 as a
Quality Engineer. Beginning in 1986, he took a series of sales and marketing
positions that ultimately led him to become the Chief Operating Officer of
Kodak’s Document Imaging unit in 2000. As COO, he led the acquisition of
the Imaging division of Bell & Howell. In 2001, Kruchten was named Site
Manager, Kodak Colorado Division, and in 2002, he was named the Chief Executive
Officer of Encad Inc., a wholly-owned Kodak subsidiary that made wide-format
inkjet printers.
Prior to Kodak,
Kruchten worked as a project engineer at Inland Steel and as a tool designer for
General Motors Corp. A native of Flint, Michigan, Kruchten has a B.S. in
Engineering from Michigan State University, a M.S. in Statistics and Quality
Management from the Rochester Institute of Technology, and has attended the
Executive Management Development program at Pennsylvania State
University.
“I am pleased to have the opportunity
to lead an organization whose future performance is especially critical to
Kodak,” Kruchten said. “Mary Jane Hellyar has set a high bar of excellence, and
I look forward to making FPEG a sustainable profit generator for years to
come.”
Hellyar, 56, joined Kodak in 1982 as a
research scientist and proceeded to attain a variety of increasingly responsible
positions. Her career at Kodak culminated with her being named the President of
the Film & Photofinishing Systems Group in September 2005. In October 2007,
the Board of Directors elected her an executive vice president.
Hellyar has led Kodak’s Display and
Components Group as well, including the company’s pioneering OLED business. As
part of this transition, Laura G. Quatela, Kodak’s Chief Intellectual Property
Officer and a corporate vice president, also will assume responsibility for the
Display and Components Group upon Hellyar’s retirement.
"I'm grateful for the breadth of
opportunities I've had at Kodak, particularly leading FPEG during the company's
historic transformation,” Hellyar said. “I remain confident in Kodak, and in the
ability of Brad and his team to lead FPEG successfully into the
future."
#
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