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KODK > SEC Filings for KODK > Form 8-K on 13-Aug-2014All Recent SEC Filings

Show all filings for EASTMAN KODAK CO



Other Events

Item 8.01 Other Events.

On August 8, 2014, Eastman Kodak Company ( the "Company") entered into an agreement (the "Settlement Agreement") with Ricoh Company, Ltd. and Ricoh Americas Corporation (collectively, "Ricoh"), to settle the claims asserted in the following matters: Eastman Kodak Co. v. Ricoh Co., Ltd., No. 12-cv-3109 (United States District Court for the Southern District of New York); Eastman Kodak Co. v. Ricoh Co., Ltd., No. 14-1030 (United States Court of Appeals for the Second Circuit); Ricoh Co, Ltd., Ricoh Americas Corp. v. Eastman Kodak Co., No. 14-cv-2952 (United States District Court for the Southern District of New York), and claims filed by Ricoh in the Company's bankruptcy case (In re:
Eastman Kodak Company, et al., Case No. 12-10202 (United States Bankruptcy Court for the Southern District of New York)) (collectively, the "Claims"). The Settlement Agreement includes: (1) a one-time cash payment by Ricoh to the Company in the amount of $43 million, which the Company has received; (2) dismissal of the Claims, with prejudice; and (3) respective releases with respect to assertions made in the Claims and any assertions of patent infringement stemming from activities that occurred prior to August 8, 2014.


This report on Form 8-K includes "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the Company's plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, financing needs, business trends, and other information that is not historical information. When used in this report on Form 8-K, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "predicts", "forecasts," or future or conditional verbs, such as "will," "should," "could," or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data are based upon the Company's expectations and various assumptions. Future events or results may differ from those anticipated or expressed in these forward-looking statements. Important factors that could cause actual events or results to differ materially from these forward-looking statements include, among others, the risks and uncertainties described in more detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 under the headings "Business," "Risk Factors," and/or "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources," and in other filings the Company makes with the SEC from time to time, as well as the following: the Company's ability to improve and sustain its operating structure, financial results and profitability; the ability of the Company to achieve cash forecasts, financial projections, and projected growth; our ability to raise sufficient proceeds from the sale of businesses and non-core assets; the businesses the Company expects to emerge from Chapter 11; our ability to achieve the financial and operational results contained in our business plans; the ability of the company to discontinue or sell certain non-core businesses or operations; the Company's ability to comply with the covenants in its credit facilities; our ability to obtain additional financing if and as needed; any potential adverse effects of the Chapter 11 proceedings on the Company's brand or business prospects; the Company's ability to fund continued investments, capital needs, restructuring payments and service its debt; changes in foreign currency exchange rates, commodity prices and interest rates; the resolution of claims against the Company; our ability to attract and retain key executives, managers and employees; our ability to maintain product reliability and quality and growth in relevant markets; our ability to effectively anticipate technology trends and develop and market new products, solutions and technologies; and the impact of the global economic environment on the Company's business. There may be other factors that may cause the Company's actual results to differ materially from the forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this report on Form 8-K, and are expressly qualified in their entirety by the cautionary statements included in this report. The Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

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