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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): December 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 December 7, 2004, Eastman Kodak Company committed to plans to close
manufacturing operations in Toronto, Canada, by June 30, 2005. These
actions reflect the Company's plan to manage its manufacturing plants as
worldwide assets based on global capacity requirements.
As a result of these actions, the Company will incur restructuring-
related charges of approximately $105 million, including accelerated
depreciation on the equipment and buildings (through June 30, 2005),
employee severance costs and other exit costs of approximately $55
million, $26 million and $24 million, respectively. In addition, the
Company will record approximately $4 million in other operational
charges. The severance, other exit costs and other operational charges
require the outlay of cash, while the accelerated depreciation
represents a non-cash charge.
These actions are a 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 manufacturing operations in order to
eliminate excess capacity.
A copy of the December 9, 2004 press release issued in Canada related to
this action is attached as Exhibit (99.1).
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibit
(99.1) Eastman Kodak Company Canadian press release dated December 9,
2004 regarding closure of Toronto, Canada manufacturing facility.
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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: December 9, 2004
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EASTMAN KODAK COMPANY
INDEX TO EXHIBIT
Exhibit No.
(99.1) Eastman Kodak Company Toronto, Canada press release dated
December 9, 2004.