<SEC-DOCUMENT>0001206774-17-001641.txt : 20170518
<SEC-HEADER>0001206774-17-001641.hdr.sgml : 20170518
<ACCEPTANCE-DATETIME>20170518164458
ACCESSION NUMBER:		0001206774-17-001641
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170518
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170518
DATE AS OF CHANGE:		20170518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EASTMAN KODAK CO
		CENTRAL INDEX KEY:			0000031235
		STANDARD INDUSTRIAL CLASSIFICATION:	PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
		IRS NUMBER:				160417150
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00087
		FILM NUMBER:		17855403

	BUSINESS ADDRESS:	
		STREET 1:		343 STATE ST
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14650-0910
		BUSINESS PHONE:		7167244000

	MAIL ADDRESS:	
		STREET 1:		343 STATE STREET
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14650
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>kodak3259321-8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>

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<P align=center><B><FONT face="Times New Roman">UNITED
STATES<BR></FONT></B><B><FONT face="Times New Roman">SECURITIES AND EXCHANGE
COMMISSION<BR>Washington, D.C. 20549</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=5>________________
</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=5>Form 8-K
<BR>________________<BR></FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>CURRENT REPORT
</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>Pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 </FONT></B></P>
<P align=center><FONT face="Times New Roman" size=2>Date of Report (Date of
earliest event reported): May 18, 2017 </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=6>EASTMAN KODAK
COMPANY<BR></FONT></B><FONT face="Times New Roman" size=2>(Exact name of
registrant as specified in its charter) </FONT></P>
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    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman">NEW
      JERSEY</FONT></B></TD>
    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman">1-87</FONT></B></TD>
    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman">16-0417150</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(State or other jurisdiction of</FONT></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(Commission File Number)</FONT></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(IRS
      Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>incorporation)</FONT></TD>
    <TD noWrap align=left width="33%"></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>Identification No.)</FONT></TD></TR></TABLE><BR>
<P align=center><B><FONT face="Times New Roman">343 State Street<BR>Rochester,
NY 14650<BR></FONT></B><FONT face="Times New Roman" size=2>(Address of principal
executive offices with zip code) </FONT></P>
<P align=center><B><FONT face="Times New Roman">(585)
724-4000<BR></FONT></B><FONT face="Times New Roman" size=2>(Registrant&#146;s
telephone number, including area code) </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:</FONT></P>
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    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2>&#9744;</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2>&#9744;</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Soliciting material pursuant to Rule 14a-12 under the
      Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2>&#9744;</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT size=2 face="Times New Roman">&#9744;</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT size=2 face="Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE><BR>
<P align=left><FONT face="Times New Roman" size=2>Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the
Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#167; 240.12b-2 of this chapter). </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Emerging growth company
&#9744;</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</FONT></P>
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<P align=left><B><FONT face="Times New Roman" size=2>Item 8.01 Other Events.
</FONT></B></P>
<P align=left style="padding-left:43pt"><FONT face="Times New Roman" size=2>Eastman Kodak Company (the
"Company") posted to its website additional proxy soliciting material for its
Annual Meeting to be held on May 23, 2017, supplementing its definitive proxy
statement regarding a nominee for election as director and certain beneficial
ownership information. This material is attached hereto as Exhibit 99.1 and
incorporated into this Item 8.01 by reference. </FONT></P>
<P align=left><B><FONT face="Times New Roman" size=2>Item 9.01 Financial
Statements and Exhibits. </FONT></B></P>
<P ALIGN="LEFT" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>(d) Exhibits. </FONT></P>
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    <TD noWrap style="text-align: center" width="1%"><B><FONT face="Times New Roman" size=2>Exhibit</FONT></B></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="97%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="1%"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="1%"><B><FONT face="Times New Roman" size=2>No.</FONT></B></TD>
    <TD noWrap align=left width="1%"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="97%"><B><FONT face="Times New Roman" size=2>Description</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>99.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="97%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>Additional proxy
      soliciting material.</FONT></TD></TR></TABLE><BR>
<P align=center><FONT face="Times New Roman" size=2>-2- </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURE </FONT></B></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized. </FONT></P>
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    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="51%" colSpan=3><FONT face="Times New Roman" size=2>EASTMAN KODAK
      COMPANY</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=4>&nbsp;</TD></TR>
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    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Date: May 18,
      2017</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%" colSpan=2><FONT face="Times New Roman" size=2>/s/ Sharon E. Underberg</FONT></TD></TR>
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    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT size=2 face="Times New Roman">Name:&nbsp;</FONT></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Sharon E.
      Underberg</FONT></TD></TR>
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    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT size=2 face="Times New Roman">Title:</FONT></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>General Counsel,
      Secretary and</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Senior Vice
      President</FONT></TD></TR></TABLE><BR>
<P align=center><FONT face="Times New Roman" size=2>-3- </FONT></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>kodak3259321-ex991.htm
<DESCRIPTION>ADDITIONAL PROXY SOLICITING MATERIAL
<TEXT>

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<P align=right><B><FONT face="Times New Roman" size=2>Exhibit 99.1
</FONT></B></P>
<P align=left><B><FONT face="Times New Roman" size=2>EASTMAN KODAK
COMPANY<BR>343 STATE STREET<BR></FONT></B><B><FONT face="Times New Roman" size=2>ROCHESTER, NEW YORK 14650 </FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>Supplement to Proxy
Statement Dated April 10, 2017</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>2017 Annual Meeting of
Stockholders to be held May 23, 2017</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>_______________________________</FONT></B></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This Supplement is being
furnished on or about May 18, 2017 to shareholders of Eastman Kodak Company
(&#147;we,&#148; &#147;our,&#148; &#147;us&#148; or the &#147;Company&#148;) in connection with the solicitation by our
Board of Directors (the &#147;Board&#148;) of proxies to be voted at the Annual Meeting of
Shareholders (the &#147;Annual Meeting&#148;) to be held on May 23, 2017. This Supplement
provides important information that modifies some of the information included in
our proxy statement for the Annual Meeting (the &#147;2017 Proxy Statement&#148;), which
was previously sent or made available to our shareholders. On or about April 10,
2017, we mailed shareholders a notice containing instructions on how to access
the proxy materials relating to the Annual Meeting, how to request paper copies
of those materials and how to vote their shares. This Supplement should be read
in conjunction with the 2017 Proxy Statement. </FONT></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Subsequent to the mailing of
the 2017 Proxy Statement, Craig A. Rogerson, a nominee for director at the
Annual Meeting, indicated that due to a conflict he is no longer available to
serve as our director. As a result, Mr. Rogerson has withdrawn his name for
consideration as a director nominee.</FONT></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>In addition, subsequent to the
filing of the 2017 Proxy Statement, BlueMountain Capital Management, LLC, et al
(&#147;BlueMountain&#148;) has sold or contracted to sell shares of our common stock to
George Karfunkel (&#147;Karfunkel&#148;), Moses Marx (&#147;Marx&#148;) and Southeastern Asset
Management Inc., et al (&#147;Southeastern&#148;) or entities or funds whose securities
are treated as beneficially owned by Karfunkel, Marx or Southeastern. Each of
BlueMountain, Marx and Southeastern was reported as a greater than 5% holder of
shares of our common stock in the 2017 Proxy Statement, and Karfunkel is a
current director of the Company, a nominee for election as a director at the
Annual Meeting and, now, a greater than 5% holder of shares of our common stock.
</FONT></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The following table provides
ownership information for BlueMountain, Karfunkel, Marx and Southeastern as of
May 18, 2017 on a pro forma basis giving effect to the BlueMountain sales and
contracts for sale of shares of our common stock to Karfunkel, Marx and
Southeastern assuming all the transactions contemplated by the contracts for
sale are consummated: </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
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    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1.5pt solid; border-left: #000000 1pt solid; border-top: #000000 1.5pt solid; text-align: left; width: 40%; padding-right: 4pt; padding-left: 4pt"><B><FONT face="Times New Roman" size=2>Name and Address of Beneficial
    Owner</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1.5pt solid; border-top: #000000 1.5pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><B><FONT face="Times New Roman" size=2>Number of<BR>Common
      Shares<BR>Beneficially<BR>Owned</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1.5pt solid; border-top: #000000 1.5pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><B><FONT face="Times New Roman" size=2>Percent of
      Class<BR>Beneficially<BR>Owned</FONT></B><FONT face="Times New Roman" size=2><SUP>(1)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1.5pt solid; border-top: #000000 1.5pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><B><FONT face="Times New Roman" size=2>Number of Shares of<BR>Series A
      Convertible<BR>Preferred Stock<BR>Beneficially Owned</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1.5pt solid; border-top: #000000 1.5pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><B><FONT face="Times New Roman" size=2>Percent of
      Class<BR>Beneficially<BR>Owned</FONT></B></TD></TR>
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    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; text-align: left; width: 40%; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">BlueMountain
      Capital Management, LLC, et al<BR>280 Park Avenue, 12th Floor<BR>New York,
      New York 10017</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>511,358<SUP>(2)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--*</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; text-align: left; width: 40%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>George
      Karfunkel<BR>1671 52<SUP>nd </SUP><FONT face="Times New Roman" size=2>Street<BR></FONT>Brooklyn, New York
    11204</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>2,766,278<SUP>(3)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>6.5%</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; text-align: left; width: 40%; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">Moses
      Marx<BR>160 Broadway<BR>New York, New York 10038</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>5,988,656<SUP>(4)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>14.0%</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>--</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; text-align: left; width: 40%; padding-right: 4pt; padding-left: 4pt"><FONT size=2 face="Times New Roman">Southeastern
      Asset Management, Inc., et al<BR>6410 Poplar Avenue, Suite 900<BR>Memphis,
      Tennessee 38119</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>16,454,200<SUP>(5)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>30.5%</FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>2,000,000<SUP>(5)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; text-align: center; width: 15%; padding-right: 4pt; padding-left: 4pt"><FONT face="Times New Roman" size=2>100%</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt"><FONT size=2 face="Times New Roman">*</FONT></TD>
    <TD STYLE="width: 100%">
      <P align=left><FONT face="Times New Roman" size=2>Indicates less than one
      percent.</FONT></P></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt; padding-top: 6pt"><FONT face="Times New Roman" size=2><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="width: 100%; padding-top: 8pt"><FONT face="Times New Roman" size=2>Percentages are based on 42,462,863 shares
      of common stock outstanding as of May 1, 2017.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt; padding-top: 6pt"><FONT face="Times New Roman" size=2><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="width: 100%; padding-top: 8pt"><FONT face="Times New Roman" size=2>As a result of the sales and contracts for
      sale as described in the lead in to the table above and the footnotes to
      this table, BlueMountain will no longer be a greater than 5% holder of
      shares of our common stock. This information is based on Amendment No. 5
      to Schedule 13D filed with the SEC on April 27, 2017 by BlueMountain, et
      al. and information provided to us by representatives of BlueMountain.
      This amount includes 511,358 net-share settled warrants to purchase shares
      of our common stock.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt; padding-top: 6pt"><FONT face="Times New Roman" size=2><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="width: 100%; padding-top: 8pt"><FONT face="Times New Roman" size=2>The amount shown includes 125% warrants to
      purchase 31,451 shares of our common stock at an exercise price of $14.93
      and 135% warrants to purchase 31,451 shares of our common stock at an
      exercise price of $16.12. Each of these warrants entitles Karfunkel to
      purchase one share of common stock; however for each warrant exercised,
      Karfunkel will receive a net share amount equal to the number of shares
      issuable upon the exercise multiplied by the closing sale price of our
      common stock on the exercise date minus the exercise price, divided by the
      closing sale price, together with cash for any fractional shares. The
      amount shown also includes 500,000 shares of our common stock that Chesed
      Foundation of America, a charitable foundation controlled by Karfunkel,
      acquired from BlueMountain.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt; padding-top: 6pt"><FONT face="Times New Roman" size=2><SUP>(4)</SUP></FONT></TD>
    <TD STYLE="width: 100%; padding-top: 8pt"><FONT face="Times New Roman" size=2>Moses Marx reports shared voting and
      dispositive power over 3,139,741 shares of our common stock held by Momar
      Corporation, of which Marx serves as president, and 1,519,646 shares held
      by United Equities Commodities Company (&#147;United Equities&#148;), a private
      investment company of which Marx is a 99% general partner. The amount
      shown also includes 170,000 shares held by 111 John Realty Corp., in which
      Marx and his spouse hold a 50% interest, 614,041 shares held by Marneau
      Holding Company (&#147;Marneau&#148;), in which Marx holds a direct and indirect 75%
      interest and an aggregate of 127,214 net-share settled warrants to
      purchase shares of our common stock held by United Equities and Marneau.
      Additionally, the amount shown includes 246,574 shares held directly by
      Marx and an aggregate of 171,440 net-share settled warrants to purchase
      shares of our common stock, as to all of which Marx reports having sole
      voting and dispositive power. The amount shown does not include 606,417
      shares of our common stock held by K.F. Investors LLC (&#147;KF Investors&#148;).
      Marx and the other entities referenced in this footnote have agreed to act
      as a &#147;group&#148; with KF Investors within the meaning of Section 13(d)(3) of
      the Exchange Act, but Marx has no ownership interest in or any control
      over KF Investors. This information is based on Amendment No. 1 to
      Schedule 13D filed jointly by Marx and the entities described in this
      footnote on May 3, 2017 and Section 16 reports filed with the SEC by
      Marx.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 4pt; padding-top: 6pt"><FONT face="Times New Roman" size=2><SUP>(5)</SUP></FONT></TD>
    <TD STYLE="width: 100%; padding-top: 8pt"><FONT face="Times New Roman" size=2>Pursuant to the contract with BlueMountain,
      subject to the expiration or termination of the waiting period under the
      Hart-Scott-Rodino Antitrust Improvements Act of 1976, Southeastern Asset
      Management, Inc. (&#147;SEAM&#148;), a Tennessee corporation and a registered
      investment advisor, will have beneficial ownership of 16,454,200 shares of
      our common stock, including 11,494,200 shares issuable upon conversion of
      2,000,000 shares of Series A convertible preferred stock. SEAM will share
      voting power with Longleaf Partners Small-Cap Fund (&#147;Longleaf&#148;), a series
      of Longleaf Partners Funds Trust, a Massachusetts business trust, with
      respect to 14,714,319 shares. SEAM will have no voting power with respect
      to 1,739,881 shares. SEAM will continue to have sole dispositive power
      with respect to 205,171 shares and will share dispositive power with
      respect to 16,249,029 shares, including 14,714,319 shares with Longleaf.
      Mr. O. Mason Hawkins is the Chairman of the Board and Chief Executive
      Officer of SEAM. All shares reported by SEAM are owned by SEAM&#146;s
      investment advisory clients, including Longleaf, and none are owned
      directly or indirectly by SEAM. This information is based on Amendment No.
      1 to the Schedule 13G filed with the SEC on February 14, 2017 by
      Southeastern and information provided to us by representatives of
      Southeastern. </FONT></TD></TR></TABLE><BR>
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