NEW YORK (Standard&Poor's) Oct. 21, 2003--Standard&Poor's Ratings Services said that tomorrow's scheduled stockholder meeting to discuss alternative strategies to maximize shareholder value has no immediate impact on the rating or outlook for Eastman Kodak Co. (BBB-/Stable/A-3). Still, a lack of stockholder support for Kodak's strategy would represent an additional challenge for the company and could affect the rating or outlook if shareholder pressure causes Kodak to reconsider its dividend cut or makes its strategy more difficult to implement. Participants in the upcoming meeting will reportedly include Kodak's largest shareholder and about 60 institutional investors holding approximately 25% of the stock. The broad participation highlights the level of stockholder concern about Kodak's recently announced digital growth strategy
