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| CHMT > SEC Filings for CHMT > Form 8-K on 1-Aug-2012 | All Recent SEC Filings |
1-Aug-2012
Results of Operations and Financial Condition, Other Events, Financial Statements a
On August 1, 2012, Chemtura Corporation (the "Company") issued a press release announcing financial results for the quarter ended June 30, 2012. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the preliminary
financial results contained in Item 2.02 in this Current Report on Form 8-K and
the attached Exhibit 99.1 shall not be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") or otherwise subject to liability of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as expressly set forth by specific
reference in such filing.
As previously disclosed, in October 2011, our Board of Directors (the "Board") authorized us to invest up to $50 million in the repurchase of shares of our common stock over a twelve month period (the "Share Repurchase Program"). The Share Repurchase Program did not obligate us to repurchase any particular amount of common stock and may be modified or suspended at any time at the Board's discretion. On July 31, 2012, our Board authorized an increase in our Share Repurchase Program from $50 million to up to $100 million and extended the program to November 2013. The shares are expected to be repurchased from time to time through open market purchases. The manner, price, number and timing of such repurchases, if any, will be subject to a variety of factors, including market conditions and applicable rules of the Securities and Exchange Commission. From October 7, 2011 through July 31, 2012, we repurchased 3.4 million shares of common stock for a total purchase price of $41 million. As a result of the additional authorization approved by the Board, as of July 31, 2012, there remains approximately $59 million under the Share Repurchase Program.
(d) Exhibits
Exhibit No. Exhibit Description
99.1 Press Release dated August 1, 2012.
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