Company: KODK
Filing Date: 2025-05-21
Form Type: 424B5
Source: 0001193125-25-124059
Chunk: 30

Company: EASTMAN KODAK CO
Filing Date: 2025-05-21
Form: 424B5
Chunk 30
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 Board shall resign.

The initial holder of the Series C Preferred Stock was contractually entitled to nominate one director to the Board until February 26,
2024. David P. Bovenzi, who currently serves as one of our directors, was initially elected pursuant to this nomination right. Following February 26, 2024, if dividends on the Series C Preferred Stock are in arrears for six or more consecutive
or non-consecutive dividend periods, the initial holder of the Series C Preferred Stock will be entitled to nominate one director at the next annual shareholder meeting and all subsequent shareholder meetings
until all accumulated dividends on such Series C Preferred Stock have been paid in full in the form of additional shares of Series C Preferred Stock or the liquidation preference has been increased by the amount of any unpaid dividends, at which
time any such director serving on the Board shall resign. The foregoing nomination right will automatically terminate upon the initial holder ceasing to directly or indirectly hold at least a majority of the shares of the Series C Preferred Stock
purchased or the common stock received upon the conversion of such shares. Such nomination right is exclusive to the initial holder of the Series C Preferred Stock and does not transfer with the Series C Preferred Stock.

Pursuant to a letter agreement, as amended, entered into in connection with debt financing obtained by the Company from certain funds
affiliated with Kennedy Lewis Investment Management LLC (“KLIM”) pursuant to

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that certain Credit Agreement among the Company, the lenders party thereto, and Alter Domus (US) LLC, as administrative agent (as amended and restated, the “Credit Agreement”), KLIM has
the right to nominate one director at each shareholder meeting until KLIM affiliated funds cease to hold at least $200,000,000 of the original principal amount of the loans outstanding in respect of the Credit Agreement. Darren L. Richman serves as
one of our directors pursuant to this right. Until KLIM affiliated funds cease to hold at least $200,000,000 of the original principal amount of the loans outstanding in respect of the Credit Agreement, at any time that KLIM’s designated
director is not serving on the Board, KLIM will have the right to designate a non-voting observer to the Board.

Except as may otherwise be required by law or by the Certificate, the By-Laws may be amended, altered,
or repealed, in whole or in part, by the affirmative vote of a majority of the Board. The shareholders, by a majority of the votes cast at