Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 8, 2008, Chemtura Corporation announced the election of Craig A. Rogerson to the position of president, chief executive officer, and chairman of the board. The announcement, effective immediately, follows the resignation of Robert L. Wood for personal reasons. A copy of the press release is incorporated by reference herein as Exhibit 99.1

On December 8, 2008, the Board of Directors of Chemtura Corporation entered into an employment agreement with Craig A. Rogerson outlining the terms of Mr. Rogerson assuming the role of President and Chief Executive Officer, the terms of which are outlined in Exhibit 10.86.

Item 8.01 Other Events

Section III, Paragraph 6 of the Corporate Governance Principles of Chemtura Corporation states: "Directors must retire from the Board effective at the annual meeting of shareholders occurring in the year of their seventy-second
[72nd] birthday."

In 2008, Mr. Roger L. Headrick turned 72 years of age, and was therefore scheduled to retire at the 2008 Annual Meeting of Shareholders except, as disclosed in the Chemtura Corporation 2008 Proxy Statement (DEF 14A filed March 31, 2008), "On February 14, 2008, (on the unanimous recommendation of the Organization, Compensation & Governance Committee), by unanimous vote (Mr. Headrick abstaining), the Board of Directors waived the mandatory retirement for calendar year 2008 as applied to Mr. Headrick, thus allowing his continued service as a director to the completion of his term in 2009."

In 2009, Mr. Robert A. Fox will turn 72 years of age and was therefore scheduled to retire at the 2009 Annual Meeting of Shareholders pursuant to
Section III, Paragraph 6 of the Corporate Governance Principles of Chemtura Corporation.

On December 8, 2008, the Board of Directors of Chemtura Corporation, by unanimous vote (Mr. Headrick and Mr. Fox abstaining), waived the above referenced mandatory retirement for calendar year 2009 as applied to Mr. Headrick and Mr. Fox, thus allowing each to be eligible to be nominated to serve as directors whose term, if re-elected, would expire at the 2010 Annual Meeting.

The Corporate Governance Principles are attached as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits

Exhibits

Exhibit Number Exhibit Description

99.1 Chemtura Press Release dated December 8, 2008

10.86 Term Sheet between Chemtura Corporation and Craig A. Rogerson

99.2 Corporate Governance Principles of Chemtura Corporation

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