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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): February 20, 2008
Eastman Kodak Company
(Exact name of registrant as specified in its charter)
New Jersey 1-87 16-0417150
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) 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
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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))
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ITEM 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 20, 2008, the Board of Directors of Eastman Kodak Company (the
"Company"), upon the recommendation of its Corporate Responsibility and
Governance Committee, elected Dennis F. Strigl to the Company's Board of
Directors. The Board of Directors determined that Mr. Strigl is independent
under the New York Stock Exchange Listing Standards and the standards set
forth under the Board's Corporate Governance Guidelines.
With the addition of this new independent director, the size of the Board of
Directors increased to twelve directors. Mr. Strigl will stand for re-
election by a vote of the Company's shareholders at the Company's 2008 annual
meeting of shareholders. Mr. Strigl will serve on the Audit Committee and
the Finance Committee. There was no arrangement or understanding between Mr.
Strigl and any other persons pursuant to which Mr. Strigl was elected as a
director of the Company.
Mr. Strigl, 61, serves as President and Chief Operating Officer of Verizon
Communications. There are no related person transactions between the Company
and Mr. Strigl. The Company does business with Verizon Communications. It
has paid Verizon Communications and related companies approximately $1
million between 2005 and 2007 for product and services and total sales by the
Company to Verizon Communications and related companies during the same
period were approximately $1.5 million.
As a non-employee director, Mr. Strigl will participate in the Company's
Director Compensation Program.
A copy of the Company's press release dated February 22, 2008 announcing the
election of Mr. Strigl to the Board of Directors, is attached as Exhibit
(99.1) to this Form 8-K and is incorporated by reference.
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ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
(99.1) Press release issued by Eastman Kodak Company on February 22,
2008, announcing the election of Mr. Strigl to the Board of
Directors.
SIGNATURE
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/ Laurence L. Hickey
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Laurence L. Hickey
Corporate Secretary
Date: February 22, 2008
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EASTMAN KODAK COMPANY
INDEX TO EXHIBIT
Exhibit No.
(99.1) Press release issued by Eastman Kodak Company on February 22,
2008, announcing the election of Mr. Strigl to the Board of
Directors
Exhibit (99.1)
EASTMAN KODAK COMPANY
Media Contact:
Barbara Pierce 585-724-5036 barbara.pierce@kodak.com
Kodak Board Elects New Member to Board of Directors
Verizon's Dennis Strigl Brings Wealth of Experience From Wireless
Communications Industry
ROCHESTER, N.Y., Feb. 22 - Eastman Kodak Company (NYSE:EK) announced
today that Dennis F. Strigl, President and Chief Operating Officer of
Verizon Communications, was named to the company's board of directors,
effective February 21, 2008.
Mr. Strigl, 61, became President and COO of Verizon in January
2007. In 2000, he was responsible for bringing together the domestic
wireless operations of Bell Atlantic, Vodafone AirTouch and GTE to form
Verizon Wireless, for which he served as President and CEO until being
named to his current position with the company.
"I am pleased to welcome Denny Strigl to our board," said Antonio
M. Perez, Kodak's Chairman and Chief Executive Officer. "Denny is widely
recognized as one of the most prominent architects of the wireless
communications industry. He launched the first cellular communications
network in the U.S. while leading Ameritech's Mobile Communications
business, and during his leadership at Verizon Wireless, increased the
company's revenue by nearly 121 percent. Denny will bring a depth of
experience to the board in an industry that is increasingly relevant to
Kodak."
Mr. Strigl received his bachelor's degree in business
administration from Canisius College, and his MBA from Fairleigh
Dickinson University. He began his career with New York Telephone and
held positions at AT&T and Wisconsin Telephone before becoming Vice
President of American Bell, Inc. His career took him to senior leadership
positions at Ameritech Mobile Communications, Bell Atlantic, and Bell
Atlantic Global Wireless, where he was named president and CEO in 1991.
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Mr. Strigl is past chairman of the Board of Directors of the
Cellular Telecommunications and Internet Association, and serves on the
boards of directors of Verizon Wireless, Anadigics Inc., PNC Financial
Services Group and PNC Bank. He also serves as chairman of the Board of
Trustees of Canisius College.
Mr. Strigl's election brings the Kodak board to 12 members, 11 of
whom are independent directors, with Antonio Perez serving as the only
non-independent director.
About Kodak
As the world's foremost imaging innovator, Kodak helps consumers,
businesses, and creative professionals unleash the power of pictures and
printing to enrich their lives.
To learn more, visit http://www.kodak.com/, and our blogs:
1000words.kodak.com, and 1000nerds.kodak.com.
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For photos of the above individuals, please contact: Christine Wiater,
Eastman Kodak Company,
at 585-724-2681 or christine.m.wiater@kodak.com.