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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 7, 2004
Eastman Kodak Company
(Exact name of registrant as specified in its charter)
New Jersey 1-87 16-0417150
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
343 State Street,
Rochester, New York 14650
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (585) 724-4000
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Securities
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.05 Costs Associated with Exit or Disposal Activities
On September 7, 2004, Eastman Kodak Company committed to a
plan to close five overnight photofinishing labs in France.
The lab closures, which are expected to be completed by
December 31, 2004, reflect the Company's plan to deal
effectively with the continued deterioration in overnight
photofinishing volumes in France.
In conjunction with the lab closures, the Company will pay
approximately $15 million in severance costs to employees who
elect not to relocate to other Company labs and will incur
other exit costs of approximately $2 million. In addition,
the Company will record approximately $10 million of
accelerated depreciation on the related long-lived assets in
cost of goods sold during the remainder of 2004. The
severance and other exit costs require the outlay of cash,
while the accelerated depreciation represents a non-cash
charge.
These lab closures are part of the Company's restructuring
program that was announced on January 22, 2004. The Company
expects that it will continue to consolidate its worldwide
overnight photofinishing operations in order to eliminate
excess capacity.
A copy of the September 7, 2004 press release related to the
lab closures in France is attached hereto as Exhibit (99.1).
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
(99.1) Eastman Kodak Company press release dated September 7,
2004 regarding reorganization of operations in France.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
EASTMAN KODAK COMPANY
By: /s/ Richard G. Brown, Jr.
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Richard G. Brown, Jr.
Controller
Date: September 10, 2004
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EASTMAN KODAK COMPANY
INDEX TO EXHIBITS
Exhibit No.
(99.1) Eastman Kodak Company press release dated September 7,
2004.