COVID Stimulus Watch Individual Entry

Note: this award was refunded

Recipient Company:
Eastman Kodak Company
Loan or Loan Guarantee Amount:
$765,000,000

Recipient Details

Ownership Structure: publicly traded (ticker symbol KODK)

Award Details

Award Date: Jul 28, 2020
Award Type: loan
Award Details: The U.S. International Development Finance Corporation announced a $765 million loan to Eastman Kodak Company to support the launch of Kodak Pharmaceuticals, a new arm of the company that will produce critical pharmaceutical components in support of the domestic response to COVID-19 under the Defense Production Act. The agency put the loan on hold after reports of possible insider trading of Kodak stock.
Program Name: Defense Production Act
Awarding Agency: U.S. International Development Finance Corporation
Data Source for Award:
https://www.dfc.gov/media/press-releases/dfc-sign-letter-interest-invest...

Parent Company Data

Parent Company: Eastman Kodak
Headquartered in: New York
Parent Sector: electrical and electronic equipment
Parent Industry: imaging products
Employees (prior to pandemic): 4,922

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $31,076,500
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $53,314,913
ConsumerProt icon
CEOpay icon
CEO Compensation: $10,716,030
Tax icon
Total Federal, State, and Local Subsidies: $4,201,049
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues