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): November 12, 2010
Chemtura
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
(State
or other jurisdiction
of
incorporation)
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1-15339
(Commission
file number)
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52-2183153
(IRS
employer identification
number)
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1818
Market Street, Suite 3700, Philadelphia, Pennsylvania
199
Benson Road, Middlebury, Connecticut
(Address
of principal executive offices)
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19103
06749
(Zip
Code)
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(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):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
8.01 Other Events.
As
previously disclosed, on March 18, 2009, Chemtura Corporation (“Chemtura”)
and 26 of its U.S. subsidiaries (collectively, with Chemtura, the “U.S.
Debtors”) filed voluntary petitions for relief, and on August 8, 2010, Chemtura
Canada Co./Cie (“Chemtura Canada,” and, collectively with the U.S. Debtors, the
“Debtors”) filed a voluntary petition for relief (collectively, the “Chapter 11
cases”) under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy
Court for the Southern District of New York (the “Bankruptcy
Court”). On August 11, 2010, Chemtura Canada commenced ancillary
recognition proceedings under Part IV of the Companies’ Creditors Arrangement
Act (the “CCAA”) in the Ontario Superior Court of Justice, Ontario, Canada (the
“Canadian Court”). On August 5, 2010, the Debtors filed with the
Bankruptcy Court the solicitation version of their joint plan of reorganization
and accompanying disclosure statement (as amended, supplemented or modified, the
“Disclosure Statement”). The Bankruptcy Court approved the Disclosure Statement
on August 5, 2010. On September 2, 2010, Chemtura filed a
supplement to the plan of reorganization with the Bankruptcy Court, as
contemplated by the Plan (as amended, supplemented or modified, the “Plan
Supplement”). On October 21, 2010, the
Bankruptcy Court entered a bench decision approving confirmation, and on October
29, 2010, the Debtors filed the confirmation version of their joint plan of
reorganization (as amended, supplemented or modified, the “Plan”). On
November 3, 2010, the Bankruptcy Court entered a written order confirming the
Plan (the "Confirmation Order"). A request for recognition of the
Confirmation Order was filed in the Canadian Court in order to fulfill a
condition to effectiveness of the Plan so that Chemtura Canada can emerge from
its proceedings at the same time as the U.S. Debtors. That request was
granted by order entered on November 3, 2010. On November 10,
2010 (the “Effective Date”), the Debtors substantially consummated their
reorganization through a series of transactions contemplated by the Plan and the
Plan became effective.
Chemtura is furnishing the "Questions
and Answers Regarding Confirmation and Effectiveness of Joint Plan of
Reorganization" attached hereto as Exhibit 99.1 to provide updated information
with respect to distributions under the Plan. The attached is not
intended to amend or supersede the Disclosure Statement or any other document
filed in the chapter 11 cases.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
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99.1
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Questions
and Answers Regarding Confirmation and Effectiveness of Joint Plan of
Reorganization.
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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
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By: /s/ Billie S.
Flaherty
Name: Billie
S. Flaherty
Title: SVP,
General Counsel &
Secretary
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99.1
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Questions
and Answers Regarding Confirmation and Effectiveness of Joint Plan of
Reorganization.
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