277461109

• Gross profit rose 61% to $82 million, with gross margin expanding to 26% from 19%.
• GAAP net income was $17 million, compared to a net loss of $26 million in the prior-year quarter.
• Operational EBITDA increased to $36 million from $9 million year-over-year.
• Cash balance was $290 million at quarter-end, down $47 million from December 31, 2025.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• All seven director nominees were elected: James V. Continenza, David P. Bovenzi, Philippe D. Katz, Kathleen B. Lynch, Jason New, Darren L. Richman, and Michael E. Sileck, Jr., each for a one-year term expiring at the 2027 annual meeting.
• Shareholders approved, on an advisory basis, the compensation of the Named Executive Officers, with 51,722,507 votes for and 15,001,269 against.
• Shareholders voted, on an advisory basis, for a one-year frequency of future advisory votes on executive compensation, with 39,558,616 votes for one year.
• Shareholders approved the Third Amendment to the Amended and Restated 2013 Omnibus Incentive Plan and ratified the selection of Ernst & Young LLP as the independent registered public accounting firm.

5.07 Submission of Matters to a Vote of Security Holders

• Gross profit increased 24% to $57 million, with gross profit percentage up 3 points to 22%.
• GAAP net loss widened to $16 million from $7 million in Q1 2025.
• Operational EBITDA rose to $15 million from $2 million in Q1 2025.
• Cash balance was $299 million at quarter end, down $38 million from December 31, 2025.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Full-year 2025 revenues were $1.069 billion, up 2% from $1.043 billion in 2024.
• Q4 2025 GAAP net loss was $108 million, compared to net income of $26 million in Q4 2024.
• Full-year 2025 GAAP net loss was $128 million, compared to net income of $102 million in 2024.
• Year-end cash balance was $337 million, up $136 million from December 31, 2024.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The new agreement replaces his prior employment agreement dated November 29, 2023, which was set to expire on February 26, 2027.
• Continenza will receive an annual base salary of $1,200,000 and an annual cash incentive of up to 125% of base salary, determined by the Compensation Committee.
• He received a renewal award of 5 million restricted stock units (RSUs) vesting in equal annual installments over five years, starting December 31, 2026.
• He is entitled to annual RSU awards valued at $2,500,000, with half vesting over three years and half based on three-year performance goals.
• If terminated without cause or for good reason, he is eligible for two years of salary and incentive, accelerated RSU vesting, and 18 months of COBRA coverage.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• The remaining 16,668 timing-vesting RSUs from the May 17, 2023 grant will vest on May 17, 2026, as scheduled.
• The 50,000 performance-vesting RSUs from the same grant will vest on May 17, 2026, subject to current performance conditions.
• The filing is an 8-K current report dated February 12, 2026, filed on February 19, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Excess pension assets of $1.023 billion reverted to Eastman Kodak, comprising $614 million cash and $409 million in investment assets.
• The company directed $5 million cash and $251 million investment assets to fund the new Kodak Cash Balance Plan for employees.
• Kodak used $312 million of the reverted cash to prepay term loans, reducing the remaining principal balance to $200 million.
• The company expects to pay $153 million in excise taxes by December 31, 2025, and projects ~$100 million cash from redeeming hedge fund investments by December 31, 2026.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• His retirement is effective January 2, 2026.
• Taber has worked at Kodak for 45 years and was instrumental in R&D and the Advanced Materials & Chemicals division.
• After retirement, he will support the transition as a consultant and is expected to receive $25,000 per quarter.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements