Financial Analyst Doug Hendee of Brighton Securities discussed the Kodak announcement that CEO Antonio Perez will leave his position after the company emerges from bankruptcy Wednesday morning on News 8 at Sunrise.
In just over a month, Kodak is expected to emerge from bankruptcy. It has been a tumultuous road for the imaging company that will have a new focus. On Tuesday in New York City, significant progress was made towards the newly-reorganized Kodak.
A disclosure statement explains how Kodak plans to pay off its creditors and what its business will look like after bankruptcy. Creditors have to vote on it before Kodak can move forward, but there are many who are stepping up to the plate with concerns.