Business Context and Reporting Period
This Form 8-K reports on the 2015 Annual Meeting of Shareholders for Eastman Kodak Company, held on May 12, 2015, in New York, New York. As of the record date of March 18, 2015, there were 41,896,562 shares of common stock issued and outstanding. A quorum of 38,996,968 shares was present or represented at the meeting.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting results. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes
The filing details the outcomes of three shareholder proposals:
- Election of Directors: Shareholders elected all nine nominees for director to serve one-year terms expiring at the 2016 Annual Meeting. All nominees received significant majority support, with votes against ranging from approximately 46,000 to 363,000.
- Ratification of Auditors: Shareholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm. The proposal received 38,991,662 votes for, 3,828 votes against, and 1,478 abstentions.
- Executive Compensation: Shareholders approved the advisory vote on the compensation of Named Executive Officers. The proposal received 36,242,183 votes for, 253,676 votes against, and 3,726 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The document is limited to the reporting of voting results.
Important Facts for Investors
- All nine director nominees were successfully elected.
- PricewaterhouseCoopers LLP was ratified as the independent auditor.
- The advisory vote on executive compensation was approved by shareholders.
- Broker non-votes totaled 2,497,383 for the director elections and the executive compensation vote.
- No financial performance data is included in this specific filing.