Moses Marx, 10% Beneficial Owner of Kodak, purchased $563,500 worth shares of KODAK (Stock Symbol: Enter KODK) at $17.9 to $19.13 per share for a total amount of $563,500 on Jan 28-29, 2015
Kodak is headquartered in Rochester, NY.
On Feb 4, 2015 Kodak (KODK) announced that it has finalized new film supply agreements with all six major Hollywood studios. As part of these agreements, Kodak will continue to provide motion picture film to 20th Century Fox, Walt Disney Co., Warner Bros. Entertainment Inc., NBC Universal Inc., Paramount Pictures Corp. and Sony Pictures for their movie and television productions.
“Film has long been – and will remain – a vital part of our culture,” said Jeff Clarke, Kodak chief executive officer. “With the support of the studios, we will continue to provide motion picture film, with its unparalleled richness and unique textures, to enable filmmakers to tell their stories and demonstrate their art.”
On November 4, 2014, Kodak announced quarterly results. For the 3rd Quarter of 2014, total Operational EBITDA for the company reached $89 million on revenues of $564 million. It affirmed guidance of $145MM to $165MM of operational ebitda on revenues of $2.1 to $2.3 billion for 2014.
According to Capital IQ, Kodak has a market cap of $823 million, an enterprise value of $755 million, and trailing 12 month revenues of $2.18 billion.
Eastman Kodak Company, a technology company, provides products and services in entertainment imaging and commercial films worldwide. It operates in two segments, Graphics, Entertainment and Commercial Films (GECF) and Digital Printing and Enterprise (DP&E). The GECF segment provides digital and traditional product and service, such as front-end controllers, production workflow software, CTP output devices, service and digital plate, motion imaging products, and aerial and industrial film products, as well as is engaged in intellectual property and brand licensing activities. This segment serves commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, packaging, motion picture entertainment, printed electronics, and the aerial and industrial film markets. The DP&E segment offers inkjet and electrophotographic printing solutions equipment and related consumables and services; packaging printing equipment and related consumables and services, as well as printed functional materials and components; enterprise services and solutions in the areas print and managed media services, brand protection solutions and services, and document management services; and inkjet printers and related ink and media consumables. This segment serves a range of customers in the creative, in-plant, data center, consumer printing, commercial printing, packaging, and newspaper and digital service bureau industries. Eastman Kodak Company sells its products and services through various direct and indirect channels. The company was founded in 1880 and is headquartered in Rochester, New York.
Mr. Jeffrey J. Clarke is the new Chief Executive Officer of Kodak. Prior to joining the Company, Mr. Clarke was a Managing Partner of Augusta Columbia Capital, a private investment firm focused on middle market technology and technology-enabled business, which Mr. Clarke co-founded in 2012. From 2006 to 2011, Mr. Clarke served as the Chief Executive Officer of Travelport, Inc., a private technology firm where he successfully launched an IPO for Travelport’s Orbitz business. Mr. Clarke served as the Chief Operating Officer of CA, Inc. from 2004 to 2006, and an Executive Vice President at Hewlett Packard Company from 2002 to 2003. Mr. Clarke has also served in various financial and operational roles at Compaq Computer Corporation and Digital Equipment Corporation, including Chief Financial Officer at Compaq. Mr. Clarke will continue to serve as Chairman of Orbitz Worldwide, a global online travel agency, and on the boards of directors of Red Hat, Inc., an enterprise software company, and Compuware Corporation, an enterprise software company.
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