Investment Firm Prods Kodak Investors to Seek Aggressive Business Actions

Additionally, the letter discusses Kodak’s thus-far failed multi-year transition to become a profitable digital company, and requests that Legg Mason Capital and Fidelity Management, as Kodak’s largest owners, exert their shareholder rights. Specifically, IPAM suggests these fiduciaries spearhead an effort to install turn-around specialists on Kodak’s management and board, or force Kodak to be sold to a larger concern that has resources to commercialize the company’s intellectual property more efficiently.