Posted on 08/13/2025 12:55:52 AM PDT by Olog-hai
Kodak announced in a Securities and Exchange Commission (SEC) filing on Monday that there was “substantial doubt” about the company’s ability to stay in business.
The company plans to pay off some of its debt and preferred stock using money it expects to get back from its pension plan. The company is hoping to change the terms, push out due dates or refinance its remaining debt and preferred stock obligations, which are payments promised to holders of special shares that usually get paid before regular shareholders.
Still, since these plans depend on things outside Kodak’s control, they aren’t considered reliable under U.S. accounting rules. Because of this, there’s serious concern about whether the company can stay in business, as of the date it released its second-quarter financial results, according to the filing. …
(Excerpt) Read more at foxbusiness.com ...
Kodk has been pivoting into a medical production plant
Kodak’s been shriveling for decades - they started going “woke” in the late 70s
Me, too. I still concentrate on good composition and interest. It is all my early training.
I will argue that the remaining pensioners on the pension plan in question are very few and can be taken care of.
Most of those on the old plan are already dead.
I have the Kodak P880. It was a great camera. Quite the equal of any other and US made. It has an excellent 24-140 lens. Kodak produced a few others, the P712 for one.
Kodak killed its biz model with the invention of the digital camera. What were they thinking?
My two 80 year old friends are alive and well.
I have 80 year old friends who were at Kodak Tennessee Eastman. They are on a different retirement and medical plan than the old vested pension plan. A new kodak wide plan was implemented way back in the 90’s.
I knew some on that vested plan but they are dead
Don’t take my brownie away!
Kodak Moments, a division of Kodak Alaris sells film (manufactured by Kodak), and designs and sell photo services picture kiosks. https://business.kodakmoments.com/
Kodak Alaris, a division of Kodak Alaris designs and sells document scanners. https://www.kodakalaris.com/en
There are 35,000 people in the pension plan.
2,000 are current employees (about half the work force) and the remaining 33,000 are retired.
Amazing what poor management can do to a premier business organization. So many great companies have failed due to lack of vision, lack of managerial competence, lack of leadership.
Nothing is too big to fail - just look at our government agencies. It’s why you need to lead and adapt which is why closing the education department and so many others is the right thing to do, long overdue.
I thought both Kodak and Polaroid had disappeared long ago.
I like actual photos...what will our grand children look at to remember their grandparents...doubt they will find any electronic/digital that still has the pics. I actually save my old phones for the pics...we shall see
As a matter of fact..l Polaroid is still clinging to life. I was at Costco and there was a new Polaroid retro camera there. Not sure what else they do. But I could see people wanting to have physical pictures.
I took photography in high school. Developing was a PITA. And the stink. Dark rooms, projectors, baths of horrible chemicals, the paper, AND you had to have a dedicated room just for that hobby. Not sure how a small kid friendly portable developing system could have ever been developed.
My Uncle worked for Eastman Kodak in the 40’s as a physicist for the Manhattan project in Oak Ridge.
FujiFilm and others are making printing cameras.
Nothing “could not adapt”. What happens is that someone gets into the chief executive spot that exists only to bleed the company dry.
those actual phots will be scanned and stored on the cloud for future generations.
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