Summary of GOODYEAR TIRE & RUBBER CO /OH/

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On October 7, 2008, Stephanie A. Streeter, former Chairman, President and Chief Executive Officer of Banta Corporation, was elected to the Board of Directors of The Goodyear Tire & Rubber Company ("Goodyear"). Her term will expire at the 2009 Annual Meeting of Shareholders. Ms. Streeter has not yet been appointed to any committees of the Board of Directors. Ms. Streeter will receive the compensation for non-employee directors described in Goodyear's Proxy Statement dated March 6, 2008.

A copy of the news release announcing Ms. Streeter's election is attached hereto as Exhibit 99.1.

(e) In order to comply with the requirements of Section 409A of the Internal Revenue Code and to make other technical changes, the Compensation Committee of Goodyear's Board of Directors approved amendments to several grant agreements and approved a cash performance unit grant agreement under the 2008 Performance Plan on October 6, 2008 and Goodyear's Board of Directors approved amendments to several of Goodyear's nonqualified employee benefit plans on October 7, 2008.

In addition, Goodyear's Board of Directors approved the amendment of the Outside Directors' Equity Participation Plan ("ODEPP") to provide for the quarterly issuance of restricted stock units under the 2008 Performance Plan in lieu of the stock equivalent units previously granted under the ODEPP. The restricted stock units will be paid to directors in shares of common stock on the fifth business day of the quarter following the quarter during which the director leaves the Board. Any stock equivalent units accrued to an ODEPP account will continue to be converted to a dollar value at the closing market price of Goodyear's common stock on the later of (i) the first business day of the seventh month following the month during which the director leaves the Board or
(ii) the fifth business day of the year following the year during which the director leaves the Board, and paid out as provided in the ODEPP.