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Kodak Transfers $1.8 Billion Pension Obligations

Story Highlights
  • Kodak terminated its retirement plan, ceasing benefit accruals by March 31, 2025.
  • Kodak plans to transfer $1.8 billion in pension obligations to an insurer by October 21, 2025.
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Kodak Transfers $1.8 Billion Pension Obligations

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Kodak ( (KODK) ) has provided an update.

On January 21, 2025, Kodak‘s Board of Directors approved the termination of the Kodak Retirement Income Plan (KRIP), effective March 31, 2025, ceasing further benefit accruals. By October 14, 2025, Kodak entered into an agreement to transfer approximately $1.8 billion of pension obligations to Metropolitan Tower Life Insurance Company via a nonparticipating single premium group annuity contract. This transaction, expected to close on October 21, 2025, will cover around 27,000 participants, ensuring continued benefit payments until early 2026 when the insurer assumes full responsibility. Additionally, Kodak settled $76 million in pension obligations through lump-sum payments to deferred vested participants on October 1, 2025, and plans to settle $157 million to active participants by November 1, 2025. Any remaining liabilities will be transferred to the Pension Benefit Guaranty Corporation, with surplus assets expected to be distributed by December 2025.

The most recent analyst rating on (KODK) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Kodak stock, see the KODK Stock Forecast page.

Spark’s Take on KODK Stock

According to Spark, TipRanks’ AI Analyst, KODK is a Neutral.

Kodak’s overall stock score reflects significant financial and operational challenges. The company’s weak financial performance, negative valuation metrics, and concerns about its ability to continue as a going concern are major risks. While there are some positive developments in specific business segments, they are insufficient to offset the broader challenges.

To see Spark’s full report on KODK stock, click here.

More about Kodak

Eastman Kodak Company operates in the imaging industry, primarily focusing on photographic film products and services. The company has been transitioning its market focus towards digital imaging and printing solutions.

Average Trading Volume: 1,398,451

Technical Sentiment Signal: Buy

Current Market Cap: $562.2M

For a thorough assessment of KODK stock, go to TipRanks’ Stock Analysis page.

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