Kodak 2004 Annual Report Download - page 112
Download and view the complete annual report
Please find page 112 of the 2004 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.QUESTIONS&ANSWERS
3
E A S T M A N K OD A K C O M PA N Y
nQuestions&Answers
Q. WhyamIreceivingtheseproxymaterials?
A. OurBoardofDirectors(theBoard)isprovidingtheseproxymaterialstoyouinconnectionwithKodak’s2005annualmeetingofshareholders(the
AnnualMeeting).Asashareholderofrecord,youareinvitedtoattendtheAnnualMeetingandareentitledandrequestedtovoteontheitemsof
businessdescribedintheProxyStatement.TheapproximatedateonwhichthisProxyStatementandenclosedproxycardarebeingmailedtoyouis
April19,2005.
Q. WhatamIvotingon?
A. TheBoardissolicitingyourproxyinconnectionwiththeAnnualMeetingtobeheldonWednesday,May11,2005at10:00a.m.attheTheateronthe
Ridge,200RidgeRoadWest,Rochester,NY,andanyadjournmentorpostponementthereof.Youarevotingonthefollowingproposals:
1. Electionofthefollowingdirectorsforthetermsspecifiedbelowanduntiltheirsuccessorsaredulyelectedandqualified:
RichardS.Braddock,DanielA.Carp,DurkI.JagerandDebraL.Leeforatermofthreeyears;
AntonioM.Perezforatermofoneyear;and
MichaelJ.Hawleyforatermoftwoyears.
2. RatificationoftheAuditCommittee’sselectionofPricewaterhouseCoopersLLPasindependentaccountants.
3. Approvalofthe2005OmnibusLong-TermCompensationPlan.
4. Approvalofamendmentto,andre-approvalofthematerialtermsof,theExecutiveCompensationforExcellenceandLeadershipPlan.
5. ApprovalofamendmenttoSection5oftheRestatedCertificateofIncorporationregardingtheelectionofdirectors.
6. ApprovalofamendmenttoSection7oftheRestatedCertificateofIncorporationregardingcertaindispositionsoftheCompany.
7. ApprovalofamendmenttoSection8oftheRestatedCertificateofIncorporationtoremovetheprovisionregardingloans.
Q. WhatarethevotingrecommendationsoftheBoard?
A. TheBoardrecommendsthefollowingvotes:
•FOReachofthedirectornominees.
•FORratificationoftheAuditCommittee’sselectionofPricewaterhouseCoopersLLPasindependentaccountants.
•FORapprovalofthe2005OmnibusLong-TermCompensationPlan.
•FORapprovalofamendmentto,andre-approvalofthematerialtermsof,theExecutiveCompensationforExcellenceandLeadershipPlan.
•FORapprovalofamendmenttoSection5oftheRestatedCertificateofIncorporationregardingtheelectionofdirectors.
•FORapprovalofamendmenttoSection7oftheRestatedCertificateofIncorporationregardingcertaindispositionsoftheCompany.
•FORapprovalofamendmenttoSection8oftheRestatedCertificateofIncorporationtoremovetheprovisionregardingloans.
Q. Whatisthedifferencebetweenholdingsharesasashareholderofrecordandasabeneficialowner?
A. MostKodakshareholdersholdtheirsharesthroughabrokerorothernominee(beneficialownership)ratherthandirectlyintheirownname(share-
holderofrecord).Assummarizedbelow,therearesomedistinctionsbetweensharesheldofrecordandthoseownedbeneficially.
ShareholderofRecord.IfyoursharesareregisteredinyournamewithKodak’stransferagent,EquiServeTrustCompany,N.A.,youareconsidered,
withrespecttothoseshares,theshareholderofrecord,andtheseproxymaterialsarebeingsentdirectlytoyoubyKodak.Astheshareholderof
record,youhavetherighttograntyourvotingproxydirectlytoKodakorathirdparty,ortovoteinpersonattheAnnualMeeting.Kodakhasenclosed
orsentaproxycardforyoutouse.
BeneficialOwner.Ifyoursharesareheldinabrokerageaccountorbyanothernominee,youareconsideredthebeneficialownerofsharesheld
instreetname,andtheseproxymaterialsarebeingforwardedtoyoutogetherwithavotinginstructioncardonbehalfofyourbroker,trusteeor
nominee.Asthebeneficialowner,youhavetherighttodirectyourbroker,trusteeornomineeonhowtovoteyoursharesandyouarealsoinvited
toattendtheAnnualMeeting.Yourbroker,trusteeornomineehasenclosedorprovidedvotinginstructionsforyoutouseindirectingthebroker,
trusteeornomineeonhowtovoteyourshares.Yourbroker,trusteeornomineehasthediscretiontovoteonroutinecorporatematterspresentedin
theproxymaterialswithoutyourspecificvotinginstructions,butwithrespecttoanynon-routinematteroverwhichthebroker,trusteeornominee
doesnothavediscretionaryvotingpower,yourshareswillnotbevotedwithoutyourspecificvotinginstructions.Whenthebroker,trusteeornominee
doesnothavediscretionaryvotingpoweronaparticularproposalanddoesnotreceivevotinginstructionsfromyou,thesharesthatarenotvotedare
referredtoas“brokernon-votes.”Sinceabeneficialownerisnottheshareholderofrecord,youmaynotvotethesesharesinpersonattheAnnual
Meetingunlessyouobtaina“legalproxy”fromthebroker,trusteeornomineethatholdsyourshares,givingyoutherighttovotethesharesatthe
AnnualMeeting.