Company: KODK
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013170
Chunk: 38

Company: EASTMAN KODAK CO
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 38
---
752 |     | —        |     | 112,752 |     |    76,658 |     | —        |     |  76,658 |

| (a) | Changes in pension value are due to interest on past accruals, additional pay and service credits and changes in assumptions. |

| (4) | Mr. Michaels was paid a sales incentive under our Sales Executive Compensation Plan (SECP) based on total print revenue for 2024. |

| 28 |

TABLE OF CONTENTS

EMPLOYMENT AGREEMENTS The material terms of employment agreements we have with Messrs. Continenza and Bullwinkle are described below. We do not have employment agreements with Dr. Taber or Messrs. Byrd or Michaels. James V. Continenza On November 29, 2023, we entered into the CEO Employment Agreement with Mr. Continenza, which has an initial three-year term, and which replaced his prior amended and restated employment agreement. The CEO Employment Agreement contains notice and negotiation provisions which may result in the term being automatically renewed for successive two-year periods. During any renewal periods, if applicable, the terms of Mr. Continenza’s employment will remain the same. The CEO Employment Agreement provides Mr. Continenza with the following:

| • | An annual base salary of $1 million. |

| • | Participation in an annual incentive plan, commencing with the 2024 fiscal year, of up to 125% of base salary, based on achievement of the Company’s Annual Commitment Plan, but determined by the Committee in its discretion, taking into consideration its evaluation of Mr. Continenza’s and the Company’s performance. |

| • | An annual grant of RSUs having a value of $2.5 million, half of which will vest in substantially equal annual installments over a three-year period following the grant date and the other half of which will vest following a three-year performance period based on the achievement of pre-defined goals established by the Committee and subject to Committee discretion. |

| • | A potential cash bonus of $2 million if our refinancing term loan debt is reduced to $300 million or less before November 29, 2026 and our available cash and cash equivalents at such time are at least $200 million, each as determined by the Committee in its sole discretion. |

| • | Participation in all benefit plans, policies and arrangements that are provided to employees generally. |

| • | Certain severance benefits