Thanks Jim and good afternoon. Before we get into the details for the quarter, I would like to make a few general comments. The company's performance is beginning to turn the corner as a result of the many strategic efforts we have taken based on the implementation of our long-term strategy more than two years ago. We continue to recognize improvements in volumes, our cost structure and gross profit margins. We expect to see this continue going forward. We are very pleased with the improved business performance and the strength of the balance sheet. Turning to slide 6 as discussed on our last call, on March 1st, we announced a series of financial transactions that provide access to new capital, address maturing obligations and strengthen the company's ability to invest in strategic growth opportunities in our core businesses. First, Kodak entered into financing agreements with Kennedy Lewis Investment Management. Kennedy Lewis has provided Kodak with an initial $225 million term loan and a commitment to provide delayed draw term loans of up to an additional $50 million, which may be drawn on or before February 26 2023. The term loans mature in five years and their interest comprised of 8.5% payable in cash quarterly and 4% PIK interest. The company has also issued Kennedy Lewis $25 million of 5% unsecured convertible promissory notes due May 28 2026. The convertible notes bear 5% PIK interest with a conversion price of $10 per share and have a mandatory conversion option by the company if the share price equals or exceeds $14.50 for 45 of 60 trading days. Additionally, Kennedy Lewis has purchased one million shares of the company's common stock at a purchase price of $10 per share. As part of the agreement, Kennedy Lewis holds the right subject to certain conditions for three years or until they hold less than 50% of the initial principal amount of the term loans to nominate one person to be elected to the company's Board of Directors. With the proceeds from these transactions, Kodak repurchased 1 million shares of the company's 5.5% Series A convertible preferred stock due to mature on November 15 2021 from funds managed by Southeastern Asset Management for $100 million plus accrued and unpaid dividends. In addition, Kodak has issued the Southeastern Managed Funds 1 million shares of Series B convertible preferred stock in exchange for the remaining Series A preferred stock for a total of $100 million. The Series B preferred stock has a 4% quarterly dividend payable in cash, with a mandatory redemption in five years and 91 days. The conversion price is $10.5 per share, with a mandatory conversion option by the company, if the price equals or exceeds $14.50 for 45 of 60 trading days. Additionally, Grand Oaks Capital, an investment firm founded by businessman and Paychex Founder, Tom Golisano, has invested a total of $100 million in the company. The firm purchased $75 million of Kodak's 5% Series C convertible preferred stock on February 26, 2021, and an additional $25 million of this series of preferred stock on March 30, 2021, after the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The Series C preferred stock has a 5% quarterly dividend payable in Series C preferred stock, with a mandatory redemption in five years and 91 days. The conversion price is $10 per share, with a mandatory conversion option by the company after a two-year period, if the price equals or exceeds $20 per share for 45 of 60 trading days in year three or $15 per share in years four or five. As part of the agreement Grand Oaks Capital obtained the right, subject to certain conditions, for three years or until they hold less than 50% of the initial amount of the preferred shares or common stock into which it is converted, to nominate one person to be elected to the company's Board of Directors. Kodak's existing ABL facility was amended and extended using the same lending group with prorated reduction of commitments. The amendment extends the terms to three years and reduces the commitments from $110 million to $90 million. Additionally, a new $50 million letter of credit facility was entered into with a subset of the ABL facility group. This agreement also contains three-year terms. These transactions together provide the company with $233 million of incremental cash in the quarter after fees expenses and incremental ABL funding and $50 million of the delayed draw on the term loan will remain available for up to 24 months. Furthermore, the transactions address the mandatory redemption of the Series A preferred stock that was required in November 2021, extend the maturity date of the company's ABL and limit the amount of cash needed to service capital. These financial transactions provide the company with cash to invest in growth opportunities in Kodak's core businesses of print and advanced materials and chemicals. I will now share further details on the full company results, operational EBITDA and cash flow results for the first quarter. Turning to slide seven. As we reported in our earnings release, for the first quarter of 2021, we reported revenues of $265 million compared to $267 million in the prior year quarter for a decline of $2 million. On a constant currency basis, revenue declined by $11 million. On a US GAAP basis, we reported net income of $6 million for the first quarter compared to net loss of $111 million in the prior year quarter. The 2021 and 2020 first quarter results include expense of $1 million and income of $53 million respectively related to changes in the fair value of embedded derivative liabilities. The first quarter of 2020 also includes the impact of a trade name impairment for $3 million, an increase in accounts receivable reserves of $3 million and $167 million non-cash expense as a result of the increase in deferred tax valuation allowances outside the US. Excluding these current and prior year items, income for 2021 was $7 million compared to income of $9 million in the prior year quarter. Operational EBITDA for the quarter was a positive $3 million compared to a negative $8 million in the prior year quarter. Excluding the prior year impact of an increase in accounts receivable reserves, operational EBITDA increased $8 million from the prior year quarter. Operational EBITDA for 2021 was favorably impacted by savings from cost reduction efforts and improved year-over-year sales volumes in key product areas. Foreign exchange did not have an impact on operational EBITDA. During the first quarter volumes for SONORA Process-Free Plates grew by 8% and the annuity revenue for PROSPER improved by 12%. We continue to invest in our core competencies and future growth areas of ULTRASTREAM and advanced materials and chemicals. The display of products at Drupa 2021 mentioned earlier by Jim showcase Kodak's most recent innovations that utilize enhancements to existing products like ULTRASTREAM, SONORA Plates and Digital Print. Moving on to the company cash performance presented on slide 8. The company ended the first quarter with $401 million in cash and cash equivalents, an increase of $205 million from December 31, 2020. Cash used in operating activities was $16 million driven primarily by a change in working capital of $10 million and a decrease in other liabilities of $22 million. Accounts payable increased by $24 million, inventory increased by $22 million and accounts receivable decreased by $8 million compared to December 31, 2020. We continue to tightly manage our working capital to improve our cash performance. Cash used in investing activities was $1 million in the first quarter flat when compared to the prior year. Cash provided by financing activities was $242 million in the quarter compared to cash used in financing activities of $3 million in the prior year period. Cash provided by financing activities included $247 million of incremental cash in the quarter after fees and expenses driven by the financial transactions announced on March 1. Restricted cash at the end of the quarter was $76 million, an increase of $16 million from December 31, 2020. This increase was primarily a result of cash collateral required under the new letter of credit facility. We will continue to focus on alternatives to reduce restrictions on cash and view this as an upside opportunity for incremental liquidity for the company. Cash and equivalents together with restricted cash totaled almost $500 million at the end of March 2021. We will be utilizing these assets to continue to build the company with growing businesses in the areas of print, advanced materials and chemicals. As our commercialization processes are much closer to producing revenues, we will provide further details on future calls. Our objectives are to create shareholder value and employment at Kodak for the next generation. We are excited to continue our progress and to share our successes with you in the future. Finally, we remain in compliance with applicable financial covenants. I will now turn the discussion back to Jim.
