Dissident shareholders, frustrated that P.&G.
This would allow dissident shareholders to include company nominees directly on their proxy card.
The dissident shareholders are insisting that Kodak explore alternatives like spinoffs of digital and health care.
"Like many dissident shareholders in similar situations, we may have lost this battle," Mr. Galloway said.
The management has access to a corporate treasury, and the dissident shareholders do not.
El Paso, an energy company, also got rid of its poison pill following complaints from dissident shareholders.
Dissident shareholders tried earlier this year to oust Mr. Eisner, whom Mr. Jobs has blamed for his breakup with Disney.
The ongoing scandal has led a group of dissident shareholders in News Corp to renew their complaints against the company.
Some dissident shareholders, led by Crescendo Advisers, have urged investors to reject the Eisner offer as too low.
Most of the resolutions have been submitted by Bartlett Naylor, an Arlington, Va., consultant who specializes in advising dissident shareholders.
Last month, Mr. Panic lost a proxy fight with dissident shareholders over three seats on the company's board.
