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ROCHESTER, N.Y. (AP) - Eastman Kodak Co. tripled Chief Executive Antonio Perez's compensation to $10.4 million last year as he took charge of the photography company during its difficult digital transition.
Perez drew a $1.05 million salary, a bonus of $2.36 million and $1.48 million in tax reimbursements and other cash-based benefits, the company said in a filing with the U.S. Securities and Exchange Commission. He also got $1.6 million in restricted stock awards and 435,000 stock options valued at $3.44 million.
"About 70 percent of his estimated long-term compensation was associated with his promotion to CEO," Kodak spokesman David Lanzillo said Monday.
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