Kodak - A day before govt deal, the board granted the Chairman options for1.75M shares as part of an 'understanding' that was not previously included in his employment contract or made public - press
- Last Monday the board granted the options to Chairman Jim Continenza to shield his overall holdings in the company from being diluted by a $100M convertible bond deal announced in 2019 to keep the company afloat. The informal grant of options is legal but is unusual.
- Eastman Kodak spokesperson says Chairman Continenza had no comment, and that Continenza "is a strong believer in the future of the company, and has never sold a single share of stock."