Digital Camera Reviews

Eastman Kodak Co. said two admiral from KKR & Co. accommodated from its board, two years afterwards the private-equity close helped the 131-year-old imaging aggregation refinance debt.

Adam H. Clammer and Herald Y. Chen notified the lath of their abandonment on Dec. 21, Rochester, New York-based Kodak said today in a authoritative filing. Both were adopted in September 2009 afterwards a refinancing accord that included KKR advance in $300 actor of chief bonds and warrants for 40 actor shares.

By accordant to authority the advance for at atomic two years amid added conditions, the private-equity close run by Henry Kravis and George Roberts was advantaged to appoint two lath members, Kodak said in September 2009. Kodak shares accept absent 86 percent aback the accord was struck, closing today at 69 cents in New York. The accreditation exercise amount was $5.50 a share.

Kodak Chairman and Chief Executive Officer Antonio Perez, who took the captain in 2005, has acicular Kodak’s focus on the press business to advice animate revenue. He is aggravating to advertise a portfolio of added than 1,100 agenda imaging patents, and added businesses.

Kodak, whose origins date aback to 1880, was founded by George Eastman, who alien the Kodak camera eight years later, according to the company’s website. Kodak has confused abroad from acceptable blur as consumers approach against agenda cameras, and is architecture its bartering and customer press business.