Kodak Co.

On Wednesday, Kodak celebrated its recent relisting on the New York Stock Exchange (NYSE) by ringing the exchange's opening bell. "It's a new year, with a new company, a new stock and a new start," remarked Antonio M. Perez, Kodak's president and CEO.

Eastman Kodak has reported a net income for the third quarter of $1.99 billion. Excluding reorganization items and discontinued operations, the net loss for the third quarter of 2013 was $155 million.

Kodak and ImageMark Business Services have partnered by opening a new 130,000-square-foot demo facility in Gastonia, NC. ImageMark will use its new digital facility to demonstrate Kodak’s digital technology in a “real-life” daily production environment.

James V. Continenza has been elected by Eastman Kodak's board of directors as the new chairman of the board. He has been a Kodak director since April 2013 and also serves on the board of Tembec Corp., a publicly traded company.

Kodak's chairman and CEO, Antonio M. Perez, has reported the company’s emergence from Chapter 11 as a reorganized company, following completion of the final steps in the restructuring process.

Eastman Kodak reported a $157 million loss from continuing operations before provision for income taxes in the second quarter, a 49 percent improvement from the $306 million loss reported in the prior-year quarter.

Eastman Kodak has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million. The financing package will enable Kodak, at emergence, to repay its secured creditors under the current senior and junior Debtor-in-Possession loan facilities, finance its exit from Chapter 11, and meet the company’s post-emergence working capital and liquidity needs.

Kodak has filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. The company expects the court to schedule a hearing in mid-June to determine the adequacy of the disclosures contained in the documents to provide creditors the ability to evaluate the company’s Plan of Reorganization.

Eastman Kodak and Brother Industries, have reached an agreement for the proposed sale of certain assets of Kodak's Document Imaging business for a cash purchase price of approximately $210 million, subject to certain price adjustments at closing. Under the terms of the agreement, Kodak will seek U.S. Bankruptcy Court approval of the bidding procedures at a hearing in late April and is targeting final court approval of a transaction in June.

After serving for nearly a decade in executive marketing roles for Eastman Kodak’s Commercial Imaging Group, Ron Gilboa has returned to InfoTrends as director of Functional and Industrial Printing. “I’m delighted to be back at InfoTrends and working with a remarkable team of colleagues,” commented Gilboa. “I look forward to applying my skills and experience in graphics communications, to charting the next twenty five years of innovation, in the Functional and Industrial Printing marketplace.”