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Kodak, the 131-year-old photography pioneer, filed for bankruptcy on January 19th 2012.Eastman Kodak announced early this morning that filing for Chapter 11 bankruptcy was “the right thing to do for the future” of the company.In a statement, Kodak CEO Antonio Perez said company leadership decided the move was “a necessary step.”Innovation Trail has followed the story over the course of 2012.

Kodak stock to be listed on NYSE once more

Eastman Kodak Co.

Kodak will be a publicly traded company again as of Nov. 1. The imaging company has announced that it will list its common shares on the New York Stock Exchange with the ticker symbol KODK.

CEO Antonio Perez calls it an important milestone for the company. He says the change in the symbol reflects a new company that is focusing on business to business products and services. The old symbol was EK.

Company spokesman Chris Veronday says the re-listing of the company’s stock shows that the new Kodak is a viable business committed to delivering value to its shareholders.
“This is a notable moment, the re-listing validates that we are moving forward as a technology company and it reflects the New York Stock Exchange believes that we have the financial stability and market interest to re-join other leading technology companies represented there,” Veronda says.

Upon emerging from bankruptcy in September, Kodak canceled all old stock, leaving former shareholders unpaid.

The company issued new stock which has been trading on over-the-counter venues since that time.

It’s Kodak’s new stock that will be listed on the New York Stock Exchange come November.

Kodak is now concentrating on the commercial printing and packaging markets.

WXXI/Finger Lakes Reporter for the Innovation Trail
Randy Gorbman is WXXI's firector of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.
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