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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 24, 2005
Eastman Kodak Company
(Exact name of registrant as specified in its charter)
New Jersey 1-87 16-0417150
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
343 State Street,
Rochester, New York 14650
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (585) 724-4000
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Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Securities Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-
2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-
4(c)under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.05 Costs Associated with Exit or Disposal Activities
On May 24, 2005, Eastman Kodak Company committed to plans to
close the manufacturing facility in Sao Jose dos Campos,
Brazil. This facility supplies color photographic paper for
the Latin American markets. This action reflects the Company's
plan to manage its manufacturing plants as worldwide assets
based on global capacity requirements. The company had
earlier announced the transfer of other operations performed
in Sao Jose to Manaus, Brazil, and to facilities in the U.S.
In conjunction with the closure of this facility, the Company
will incur restructuring-related charges of approximately $48
million. Included in these charges is accelerated
depreciation on buildings and plant equipment of approximately
$28 million (through December 31, 2005), employee severance of
approximately $11 million, and other exit costs of
approximately $9 million. The severance and other exit costs
require the outlay of cash, while the accelerated depreciation
represents a non-cash charge.
This action is a part of the Company's restructuring program
that was announced on January 22, 2004. The Company expects
that it will continue to consolidate its worldwide
manufacturing operations in order to eliminate excess
capacity.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
EASTMAN KODAK COMPANY
By: /s/ Richard G. Brown, Jr.
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Richard G. Brown, Jr.
Controller
Date: May 25, 2005