UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): May 7, 2007 (May 3, 2007)
Chemtura
Corporation Employee Savings Plan
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or other jurisdiction
of
incorporation)
|
|
1-15339
(Commission
file number)
|
|
52-2183153
(IRS
employer identification
number)
|
| |
|
199
Benson Road, Middlebury, Connecticut
(Address
of principal executive offices)
|
|
|
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06749
(Zip
Code)
|
(203)
573-2000
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
4.01
Changes in Registrant’s Certifying Accountant (for one of the Registrant’s
benefit plans)
On
May 3,
2007, KPMG LLP (“KPMG”) was dismissed as the independent public accounting firm
for the Chemtura Corporation Employee Savings Plan, a qualified 401(k) Plan,
(the “Plan”) and Caron & Bletzer, PLCC (“Caron & Bletzer”) was selected
as the Plan’s independent public accounting firm.
KPMG
continues to serve as the principal accountants for the Plan’s sponsor, Chemtura
Corporation (the “Company”), having been duly appointed by the Audit Committee
of the Board of Directors of the Company, and the replacement of KPMG described
above relates only to the Plan. The Company’s decision to change the independent
public accounting firm for the Plan was approved by the Company’s Employee
Benefits Committee on May 3, 2007.
The
KPMG
audit reports on the Plan’s financial statements as of and for the fiscal years
ended December 31, 2005 and 2004 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles.
During
the fiscal years ended December 31, 2005 and 2004 and the subsequent interim
period through May 3, 2007, (i) there were no disagreements between the Plan
or
the Company as its sponsor and KPMG on any matters of accounting principles
or
practices, financial statement disclosures or auditing scope or procedures,
which, if not resolved to the satisfaction of KPMG, would have caused KPMG
to
make reference in connection with their opinions to the subject matter of the
disagreement, and (ii) there were no “reportable events” as that term is defined
in Item 304(a)(1)(v) of Regulation S-K between the Plan and KPMG.
The
Plan
and the Company have provided KPMG a copy of the foregoing statements and
requested a letter from KPMG to the Securities and Exchange Commission stating
whether or not KPMG agrees with the above statements. A copy of that letter,
dated May 7, 2007, is filed as Exhibit 16.1 to this Form 8-K.
During
the years ended December 31, 2005 and 2004 and the subsequent interim period
through May 3, 2007, neither the Plan, and the Company as the Plan’s sponsor nor
anyone acting on behalf of the Plan or the Company consulted Caron & Bletzer
regarding the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Plan’s financial statements.
Item
9.01
Financial Statements and Exhibits.
* * *
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(d) |
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Exhibits. |
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Exhibit Number |
Exhibit Description |
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16.1
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Letter from KPMG LLP dated May 7,
2007 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Chemtura
Corporation Employee Saving Plan |
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(Registrant)
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|
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By: |
/s/ James
Loring |
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Name:
James Loring
Title:
Chairman of the Employee
Benefits
Committee
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Exhibit Number |
Exhibit Description |
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16.1
|
|
Letter from KPMG LLP dated May 7,
2007 |