Perez received a base salary of nearly $1.1 million, $3.32 million in performance incentives, plus perks worth $377,865, most of which was use of company aircraft.
He also received stock and options valued at $6.34 million. Of that, roughly $3 million were options currently underwater, meaning Kodak shares would have to rise significantly before Perez could profit from them.
Perez's raise came as the company turned a profit of $676 million last year, compared with a loss of $601 million in 2006.