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PROPOSALS
9
E A S T M A N฀ K OD A K ฀ C O M PA N Y
nProposals฀to฀Be฀Voted฀On
MANAGEMENT฀PROPOSALS
ITEM฀1 — Election฀of฀Directors฀
Kodak’s฀by-laws฀require฀us฀to฀have฀at฀least฀nine฀directors฀but฀no฀more฀than฀18.฀The฀number฀of฀directors฀is฀set฀by฀the฀Board฀and฀is฀currently฀13.฀Messrs.฀
Carp฀and฀Perez฀are฀the฀only฀directors฀who฀are฀employees฀of฀the฀Company.฀The฀Board฀is฀divided฀into฀three฀classes฀of฀directors฀with฀overlapping฀three-year฀
terms.฀There฀are฀four฀Class฀III฀directors฀whose฀terms฀expire฀at฀the฀2005฀Annual฀Meeting.
Nominees฀for฀election฀as฀Class฀III฀directors฀are:
฀ Richard฀S.฀Braddock
฀ Daniel฀A.฀Carp
฀ Durk฀I.฀Jager
฀ Debra฀L.฀Lee
These฀nominees฀agree฀to฀serve฀a฀three-year฀term.฀Information฀about฀them฀is฀provided฀on฀page฀21.
The฀nominee฀for฀election฀as฀Class฀I฀director฀is:
฀ Antonio฀M.฀Perez
The฀nominee฀agrees฀to฀serve฀a฀one-year฀term.฀Mr.฀Perez฀joined฀our฀Board฀of฀Directors฀effective฀October฀19,฀2004,฀and฀is฀standing฀for฀election฀by฀you฀for฀
the฀first฀time.฀Information฀about฀him฀is฀provided฀on฀page฀22.
The฀nominee฀for฀election฀as฀Class฀II฀director฀is:
฀ Michael฀J.฀Hawley
The฀nominee฀agrees฀to฀serve฀a฀two-year฀term.฀Dr.฀Hawley฀joined฀our฀Board฀of฀Directors฀effective฀December฀1,฀2004,฀and฀is฀standing฀for฀election฀by฀you฀for฀
the฀first฀time.฀Information฀about฀him฀is฀provided฀on฀page฀23.
If฀a฀nominee฀is฀unable฀to฀stand฀for฀election,฀the฀Board฀may฀reduce฀the฀number฀of฀directors฀or฀choose฀a฀substitute.฀If฀the฀Board฀chooses฀a฀substitute,฀the฀
shares฀represented฀by฀proxies฀will฀be฀voted฀for฀the฀substitute.฀If฀a฀director฀retires,฀resigns,฀dies฀or฀is฀unable฀to฀serve฀for฀any฀reason,฀the฀Board฀may฀reduce฀
the฀number฀of฀directors฀or฀elect฀a฀new฀director฀to฀fill฀the฀vacancy.฀฀
The฀director฀nominees฀receiving฀the฀greatest฀number฀of฀votes฀will฀be฀elected.
The฀Board฀of฀Directors฀recommends฀a฀vote฀FOR฀the฀election฀of฀these฀directors.฀
ITEM฀2 — ฀Ratification฀of฀the฀Audit฀Committee’s฀Selection฀of฀PricewaterhouseCoopers฀LLP฀as฀฀ ฀ ฀
Independent฀Accountants
PricewaterhouseCoopers฀LLP฀have฀been฀the฀Company’s฀independent฀accountants฀for฀many฀years.฀The฀Audit฀Committee฀has฀selected฀PricewaterhouseCoo-
pers฀LLP฀as฀the฀Company’s฀independent฀accountants฀to฀serve฀until฀the฀2006฀annual฀meeting.฀
Representatives฀of฀PricewaterhouseCoopers฀LLP฀are฀expected฀to฀attend฀the฀Annual฀Meeting฀to฀respond฀to฀questions฀and,฀if฀they฀desire,฀make฀a฀statement.
The฀ratification฀of฀the฀Audit฀Committee’s฀selection฀of฀PricewaterhouseCoopers฀LLP฀requires฀the฀affirmative฀vote฀of฀a฀majority฀of฀the฀votes฀cast฀by฀the฀hold-
ers฀of฀shares฀entitled฀to฀vote.฀
The฀Board฀of฀Directors฀recommends฀a฀vote฀FOR฀ratification฀of฀the฀Audit฀Committee’s฀selection฀of฀PricewaterhouseCoopers฀LLP฀as฀independent฀
accountants.฀
ITEM฀3 — ฀Approval฀of฀the฀2005฀Omnibus฀Long-Term฀Compensation฀Plan
Background
The฀Board฀of฀Directors฀has฀adopted,฀subject฀to฀shareholder฀approval,฀the฀2005฀Omnibus฀Long-Term฀Compensation฀Plan฀(the฀2005฀Omnibus฀Plan฀or฀the฀
Plan).฀If฀approved฀by฀the฀shareholders,฀the฀2005฀Omnibus฀Plan฀will฀become฀effective฀as฀of฀January฀1,฀2005฀and฀expire฀on฀December฀31,฀2014.฀The฀2005฀
Omnibus฀Plan฀is฀substantially฀similar฀to,฀and฀is฀intended฀to฀replace,฀the฀Eastman฀Kodak฀Company฀2000฀Omnibus฀Long-Term฀Compensation฀Plan฀(the฀2000฀
Omnibus฀Plan),฀which฀expired฀on฀January฀18,฀2005.฀The฀table฀on฀the฀following฀page฀shows฀the฀principal฀changes฀to฀the฀2005฀Omnibus฀Plan฀from฀the฀2000฀
Omnibus฀Plan.