Ink Manufacturers News, Printers News

Kodak Completes Pension Reversion Process

Delivers more than $1 billion to strengthen balance sheet, fully fund new benefit plan, and accelerate growth.

xr:d:DAFHbkX7iUg:2,j:31467558852,t:22072514

Eastman Kodak Company announces that it has completed the reversion process for the $1.023 billion in excess pension assets held in the company-funded Kodak Retirement Income Plan (KRIP), the final step in the previously disclosed KRIP transition. Approximately $767 million of the excess assets reverted to the company, including $609 million in cash and non-cash assets valued at $158 million, significantly strengthening Kodak’s balance sheet and positioning it for future growth. Appr...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters