Kodak 2001 Annual Report Download - page 96

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The Board of Directors recommends a vote AGAINST this proposal for the following reasons:
The Company accrues and discloses liabilities for environmental matters in accordance with generally accepted
accounting principles (GAAP) and the rules and regulations of the Securities and Exchange Commission (SEC).
The disclosures are made in the Annual Report and on Forms 10-K and 10-Q filed with the SEC.
In addition, for the past ten years the Company has produced and made available to its shareholders a Health, Safety
and Environment Annual Report. This report provides a summary of the Company’s efforts and results in complying
with environmental protection laws. Any shareholder may obtain a copy of this annual environmental report by
contacting the Company.
This shareholder proposal requests the Company to provide more extensive, detailed information than is required
by GAAP and the SEC. The rules of the SEC require the Company to disclose the material effects that
compliance with environmental laws may have upon capital expenditures, earnings and the competitive position
of the Company. These rules also require the Company to disclose each year all material estimated capital
expenditures for environmental control facilities. The Company complies with all the requirements of GAAP and
the SEC related to environmental matters.
We believe that the Company’s environmental disclosures in its Annual Report and on Forms 10-K and 10-Q, as
well as the availability of an easy-to-read description of the Company’s efforts to protect and restore the
environment in its Health, Safety and Environment Annual Report, meet the information needs of shareholders.
All material information is disclosed concerning the Company’s environmental liabilities.
The Board of Directors recommends a vote AGAINST this proposal.
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