<HTML>
<HEAD>
<TITLE>EASTMAN CHEMICAL COMPANY</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">As filed with the
Securities and Exchange Commission on May&nbsp;3, 2005.



<P align="center" style="font-size: 10pt">File No.&nbsp;333-________

<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">



<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549<BR>
________________________________</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 10pt">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933


<p align="center" style="font-size: 24pt"><B>EASTMAN CHEMICAL COMPANY</B>
<DIV align="center" style="font-size: 10pt">(Exact Name of Issuer as Specified in its Charter)

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>62-1539359</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of<BR>
Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>100 N. Eastman Road<BR>
Kingsport, Tennessee 37660<BR>
(423)&nbsp;229-2000</B><BR>
(Address, including zip code, and telephone number of Principal Executive Offices)



<P align="center" style="font-size: 10pt"><B>Eastman Chemical Company 2002 Omnibus Long-Term Compensation Plan<BR>
Eastman Chemical Company 1997 Omnibus Long-Term Compensation Plan</B><BR>
(Full Titles of the Plans)


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Copy to:</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>THERESA K. LEE</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>LAURA G. THATCHER</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Senior Vice President, Chief Legal Officer</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Alston &#038; Bird LLP</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>and Corporate Secretary</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>One Atlantic Center</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Eastman Chemical Company</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1201 West Peachtree Street, NW</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>100 N. Eastman Road</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Atlanta, Georgia 30309-3424</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Kingsport, Tennessee 37660</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Telephone: (404)&nbsp;881-7546</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Telephone: (423)&nbsp;229-2000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Facsimile: (404)&nbsp;253-8873</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Name, address, including zip code, and</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">telephone number, including area code, of</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">agent for service)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P>
<HR noshade width="26%" align="center" size="1" color="#000000">
<P>




<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Title of Securities</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount to</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Aggregate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">to be Registered</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">be Registered</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Per Share</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Registration Fee</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common Stock,
$0.01 par value</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">14,500,000</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">53.81</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">780,245,000</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">91,834.84</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">(1)&nbsp;Amount to be registered consists of an aggregate of 7,500,000 shares to be issued
pursuant to the grant or exercise of awards to employees under the Eastman Chemical Company 2002
Omnibus Long-Term Compensation Plan (the &#147;2002 Plan&#148;) and an aggregate of 7,000,000 shares to be
issued pursuant to the grant or exercise of awards to employees under the Eastman Chemical Company
1997 Omnibus Long-Term Compensation Plan (the &#147;1997 Plan&#148;). This Registration Statement also covers
additional shares that may become issuable in accordance with the adjustment and anti-dilution
provisions of the 2002 Plan.


<P align="left" style="font-size: 10pt">(2)&nbsp;Determined in accordance with Rule&nbsp;457(h), the registration fee calculation is based on the
average of the high and low prices of the Company&#146;s Common Stock reported on the New York Stock
Exchange on April&nbsp;29, 2005.



 </DIV>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">PART II.INFORMATION REQUIRED IN REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities. Not applicable.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel. Not applicable.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed. Not applicable.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">POWER OF ATTORNEY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">EXHIBIT INDEX<BR> TO<BR> FORM S-8</A></TD></TR>
<TR><TD colspan="9"><A HREF="g94974exv5w1.txt">EX-5.1 OPINION OF ALSTON & BIRD LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="g94974exv23w2.txt">EX-23.2 CONSENT OF PRICEWATERHOUSE COOPERS LLP</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link2 "PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The documents constituting Part&nbsp;I of this Registration Statement will be sent or given to
participants in the Plans as specified by Rule&nbsp;428(b)(1) under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Upon written or oral request, Eastman Chemical Company (the &#147;Company&#148;) will provide,
without charge, the documents incorporated by reference in Item&nbsp;3 of Part&nbsp;II of this Registration
Statement. The documents are incorporated by reference in the Section 10(a) prospectus. The
Company will also provide, without charge, upon written or oral request, other documents required
to be delivered to employees pursuant to Rule&nbsp;428(b). Requests for the above-mentioned information
should be directed to Theresa K. Lee, at the address and telephone number on the cover of this
Registration Statement.

<!-- link2 "PART II.INFORMATION REQUIRED IN REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>PART II.INFORMATION REQUIRED IN REGISTRATION STATEMENT</B>


<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Company with the Securities and Exchange Commission (the
&#147;Commission&#148;) pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) are
incorporated herein by reference and are deemed to be a part hereof from the date of the filing of
such documents:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;The Annual Report on Form 10-K of the Company for the fiscal year ended December&nbsp;31, 2004;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;All reports filed by the Company pursuant to Section 13(a) or 15(d) of the Exchange Act,
since December&nbsp;31, 2004; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;The description of the Common Stock contained in the Company&#146;s Registration Statement
filed under Section&nbsp;12 of the Exchange Act, including any amendments or reports filed for the
purpose of updating such description.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other documents subsequently filed by the Company pursuant to Section&nbsp;13(a), 13(c), 14 and
15(d) of the Exchange Act prior to the filing of a post-effective amendment to this Registration
Statement that indicates that all securities offered have been sold or that deregisters all
securities that remain unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed incorporated herein by reference
shall be deemed to be modified or superseded for the purpose of this Registration Statement to the
extent that a statement contained herein or in any subsequently filed document which also is, or is
deemed to be, incorporated herein by reference modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.

<!-- link2 "Item&nbsp;4. Description of Securities. Not applicable." -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of Securities. </B>Not applicable.


<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel. Not applicable." -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel. </B>Not applicable.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to authority conferred by Section&nbsp;102 of the Delaware General Corporation Law (the
&#147;DGCL&#148;), Article&nbsp;VIII of the Certificate of Incorporation of the Company eliminates the personal
liability of the Company&#146;s directors to the Company or its stockholders for monetary damages for
breach of fiduciary duty. Directors remain liable for (i)&nbsp;any breach of the duty of loyalty to the
Company or its stockholders, (ii)&nbsp;any act or omission not in good faith or which involves
intentional misconduct or a knowing violation of law, (iii)&nbsp;any violation of Section&nbsp;174 of the
DGCL, which proscribes the payment of dividends and stock purchases or redemptions under certain
circumstances, and (iv)&nbsp;any transaction from which directors derive an improper personal benefit.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VIII further provides that any future repeal or amendment of its terms will not
adversely affect any rights of directors existing thereunder with respect to acts or omissions
occurring prior to such repeal or amendment. Article&nbsp;VIII also incorporates any future amendments
to Delaware law which further eliminate or limit the liability of directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification and Insurance. </I>In accordance with Section&nbsp;145 of the DGCL, which allows and,
in some cases, requires the indemnification of directors and officers under certain circumstances,
Article&nbsp;VII of the Company&#146;s Certificate of Incorporation and certain provisions of the Company&#146;s
Bylaws grant the Company&#146;s directors and officers a right to indemnification for all expenses
relating to civil, criminal, administrative or investigative procedures to which they are a party
(i)&nbsp;by reason of the fact that they are or were directors or officers of the Company or (ii)&nbsp;by
reason of the fact that, while they are or were directors or officers of the Company, they are or
were serving at the request of the Company as directors, trustees, officers, employees or agents of
another enterprise. Section&nbsp;VI of the Bylaws further provides that an advancement for any such
expenses shall only be made upon delivery to the Company by the indemnitee of an undertaking to
repay all amounts so advanced if it is ultimately determined by final judicial decision from which
there is no further right to appeal that such indemnitee is not entitled to be indemnified under
Article&nbsp;VII or otherwise.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Article&nbsp;VII provides that directors and officers therein described shall be
indemnified to the fullest extent not prohibited by Section&nbsp;145 of the DGCL, or any successor
provisions or amendments thereunder. In the event that any such successor provisions or amendments
provide indemnification rights broader than permitted prior thereto, Article&nbsp;VII allows such
broader indemnification rights to apply retroactively with respect to any predating alleged action
or inaction and also allows the indemnification to continue after an indemnitee has ceased to be a
director or officer of the corporation and to inure to the benefit of the indemnitee&#146;s heirs,
executors and administrators.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a claim for indemnification under Article&nbsp;VII is not paid in full by the Company or an
advancement of expenses is not made by the Company within a prescribed period of time and a suit is
filed in relation thereto, the Company&#146;s Bylaws entitle the indemnitee to recover the expense of
prosecuting or defending such suit, if the indemnitee is successful in whole or in part. The
Company&#146;s Bylaws also entitle the indemnitee to recover the expense of defending a suit brought by
the Company to recover an advancement of expenses pursuant to the terms of an undertaking, if the
indemnitee is successful in whole or in part. The Bylaws also entitle the Company to recover
advanced expenses upon final adjudication that the indemnitee has not met the applicable standard
of conduct set forth in Section&nbsp;145 of the DGCL. Under the Company&#146;s Bylaws, the burden of proving
that the indemnitee is not entitled to be indemnified lies with the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VII further provides that the right to indemnification is not exclusive of any other
right which any indemnitee may have or thereafter acquire under any statute, the Company&#146;s
Certificate of Incorporation or Bylaws, any agreement or vote of stockholders or disinterested
directors or otherwise, and permits, but does not require, the Company to indemnify and advance
expenses to its agents and employees to the same (or any lesser or greater) extent as directors and officers. The Bylaws provide
that


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">the Corporation shall indemnify and advance expenses to employees to the same extent as to
directors and officers.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted
for directors and officers and controlling persons pursuant to the foregoing provisions, the
Company has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws authorize the Company to purchase insurance for directors, officers,
trustees, employees, or agents of the Company or another enterprise against any expense, liability
or loss, whether or not the Company would have the power to indemnify such persons against such
expense or liability under the DGCL. The Company intends to maintain insurance coverage for its
officers and directors as well as insurance coverage to reimburse the Company for potential costs
of its corporate indemnification of directors and officers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;2003, the Company entered into Indemnification Agreements (the &#147;Indemnification
Agreements&#148;) with each director and certain executive officers of the Company. One of the purposes
of the Indemnification Agreements is to attempt to specify the extent to which persons entitled to
indemnification thereunder (the &#147;Indemnitees&#148;) may receive indemnification. Pursuant to the
Indemnification Agreements, an Indemnitee is entitled to indemnification for claims regarding (i)
the act or failure to act in Indemnitee&#146;s capacity as a director, officer, employee or agent of the
Company (or any other entity as to which Indemnitee is serving in such capacity at the Company&#146;s
request); (ii)&nbsp;in respect of any transaction or other activity of the Company or such other entity;
and (iii)&nbsp;Indemnitee&#146;s status as a director, officer, employee or other representative of the
Company or such other entity. The Indemnification Agreements are in addition to and are not
intended to limit any rights of indemnification which are available under the Company&#146;s Certificate
of Incorporation or By-laws, or otherwise.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed. Not applicable." -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed. </B>Not applicable.


<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Exhibit&nbsp;Index, which is incorporated here by reference.

<!-- link2 "Item&nbsp;9. Undertakings." -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The undersigned Company hereby undertakes:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by section 10(a)(3) of the Securities Act;



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high and of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20&nbsp;percent change in the maximum aggregate
offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement; and


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change in such information in
the registration statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided, however, </I>that paragraphs (a)(l)(i) and (a)(l)(ii) above do not apply if the
registration statement is on Form S-3 or Form S-8, and the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed by the Company
pursuant to Section&nbsp;13 or Section 15(d) of the Exchange Act that are incorporated by reference in
the registration statement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company&#146;s annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company pursuant to Item&nbsp;6 of this
Part&nbsp;II, or otherwise, the Company has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid by a director,
officer or controlling person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the Company will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.


<P align="center" style="font-size: 10pt">(signatures on following page)



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>


<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Kingsport, State of Tennessee, on the 2nd day of May, 2005.



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">EASTMAN CHEMICAL COMPANY<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Richard A. Lorraine
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Richard A. Lorraine&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<!-- link1 "POWER OF ATTORNEY" -->
<DIV align="left"><A NAME="010"></A></DIV>

<P align="center" style="font-size: 10pt"><B>POWER OF ATTORNEY</B>




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>KNOW BY ALL MEN BY THESE PRESENT, </B>that each person whose signature appears below constitutes
and appoints Richard A. Lorraine and Theresa K. Lee, and each or any one of them, as true and
lawful attorneys-in-fact and agents, with full power of substitution, for him and in his name,
place and stead, in any and all capacities, to sign any amendments (including post-effective
amendments) to this Registration Statement and to file the same, with all exhibits thereto and
other documents in connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorney-in-fact, or their substitute or substitutes, may
lawfully do or cause to be done by virtue thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">SIGNATURE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">TITLE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">DATE</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ J. Brian Ferguson
<HR size="1" noshade color="#000000">
J. Brian Ferguson</td>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board, Chief
Executive Officer and
Director (Principal
Executive Officer)</td>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</tr>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Richard A. Lorraine
<HR size="1" noshade color="#000000">
Richard A. Lorraine</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Senior Vice President and
Chief Financial Officer
(Principal Financial
Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Curtis E. Espeland
<HR size="1" noshade color="#000000">
Curtis E. Espeland</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Vice President and Principal
Accounting Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Calvin A. Campbell, Jr.
<HR size="1" noshade color="#000000">
Calvin A. Campbell, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Michael P. Connors
<HR size="1" noshade color="#000000">
Michael P. Connors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Stephen R. Demeritt
<HR size="1" noshade color="#000000">
Stephen R. Demeritt</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Donald W. Griffin
<HR size="1" noshade color="#000000">
Donald W. Griffin</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Robert M. Hernandez
<HR size="1" noshade color="#000000">
Robert M. Hernandez</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Renee J. Hornbaker
<HR size="1" noshade color="#000000">
Renee J. Hornbaker</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Thomas H. McLain
<HR size="1" noshade color="#000000">
Thomas H. McLain</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ David W. Raisbeck
<HR size="1" noshade color="#000000">
David W. Raisbeck</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Peter M. Wood
<HR size="1" noshade color="#000000">
Peter M. Wood</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 2, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "EXHIBIT INDEX<BR> TO<BR> FORM S-8" -->
<DIV align="left"><A NAME="011"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX<BR>
TO<BR>
FORM S-8</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Certificate of Incorporation of the Company, as
amended (incorporated by reference to Exhibit&nbsp;3.01 to the Company&#146;s
Quarterly Report on Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2001)</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of Eastman Chemical Company, as amended
(incorporated by reference to Exhibit&nbsp;3.02 to the Company&#146;s Annual
Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2003)</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Alston &#038; Bird LLP</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Alston &#038; Bird LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature page)</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Eastman Chemical Company 2002 Omnibus Long-Term Compensation Plan
(incorporated herein by reference to Appendix&nbsp;A to the Company&#146;s
definitive 2002 Annual Meeting Proxy Statement filed pursuant to
Regulation&nbsp;14A)</TD>
</TR>

<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Eastman Chemical Company 1997 Omnibus Long-Term Compensation Plan
(incorporated herein by reference to Appendix&nbsp;A to the Company&#146;s
definitive 1997 Annual Meeting Proxy Statement filed pursuant to
Regulation&nbsp;14A)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "g94974sv8.htm", "description": "EASTMAN CHEMICAL COMPANY", "secsgml_size_bytes": 42224}]
{"company-data": {"conformed-name": "EASTMAN CHEMICAL CO", "cik": "0000915389", "assigned-sic": "2821", "irs-number": "621539359", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-124558", "film-number": "05792585"}, "business-address": {"street1": "PO BOX 511", "street2": "100 N EASTMAN ROAD", "city": "KINGSPORT", "state": "TN", "zip": "37660", "phone": "4232292000"}, "mail-address": {"street1": "P O BOX BOX 511 B-54D", "city": "KINGSPORT", "state": "TN", "zip": "37662"}}
EASTMAN CHEMICAL COMPANY
Table of Contents
As filed with the
Securities and Exchange Commission on May 3, 2005.
File No. 333-________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
EASTMAN CHEMICAL COMPANY
(Exact Name of Issuer as Specified in its Charter)
Delaware
62-1539359
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification Number)
100 N. Eastman Road
Kingsport, Tennessee 37660
(423) 229-2000
(Address, including zip code, and telephone number of Principal Executive Offices)
Eastman Chemical Company 2002 Omnibus Long-Term Compensation Plan
Eastman Chemical Company 1997 Omnibus Long-Term Compensation Plan
(Full Titles of the Plans)
Copy to:
THERESA K. LEE
LAURA G. THATCHER
Senior Vice President, Chief Legal Officer
Alston & Bird LLP
and Corporate Secretary
One Atlantic Center
Eastman Chemical Company
1201 West Peachtree Street, NW
100 N. Eastman Road
Atlanta, Georgia 30309-3424
Kingsport, Tennessee 37660
Telephone: (404) 881-7546
Telephone: (423) 229-2000
Facsimile: (404) 253-8873
(Name, address, including zip code, and
telephone number, including area code, of
agent for service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Title of Securities
Amount to
Offering Price
Aggregate
Amount of
to be Registered
be Registered
Per Share
Offering Price
Registration Fee
Common Stock,
$0.01 par value
14,500,000
(1)
$
53.81
(2)
$
780,245,000
(2)
$
91,834.84
(1) Amount to be registered consists of an aggregate of 7,500,000 shares to be issued
pursuant to the grant or exercise of awards to employees under the Eastman Chemical Company 2002
Omnibus Long-Term Compensation Plan (the "2002 Plan") and an aggregate of 7,000,000 shares to be
issued pursuant to the grant or exercise of awards to employees under the Eastman Chemical Company
1997 Omnibus Long-Term Compensation Plan (the "1997 Plan"). This Registration Statement also covers
additional shares that may become issuable in accordance with the adjustment and anti-dilution
provisions of the 2002 Plan.
(2) Determined in accordance with Rule 457(h), the registration fee calculation is based on the
average of the high and low prices of the Company's Common Stock reported on the New York Stock
Exchange on April 29, 2005.
TABLE OF CONTENTS
PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
PART II.INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities. Not applicable.
Item 5. Interests of Named Experts and Counsel. Not applicable.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed. Not applicable.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
POWER OF ATTORNEY
EXHIBIT INDEX
TO
FORM S-8
EX-5.1 OPINION OF ALSTON & BIRD LLP
EX-23.2 CONSENT OF PRICEWATERHOUSE COOPERS LLP
Table of Contents
PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
(a)   The documents constituting Part I of this Registration Statement will be sent or given to
participants in the Plans as specified by Rule 428(b)(1) under the Securities Act of 1933, as
amended (the "Securities Act").
(b)   Upon written or oral request, Eastman Chemical Company (the "Company") will provide,
without charge, the documents incorporated by reference in Item 3 of Part II of this Registration
Statement. The documents are incorporated by reference in the Section 10(a) prospectus. The
Company will also provide, without charge, upon written or oral request, other documents required
to be delivered to employees pursuant to Rule 428(b). Requests for the above-mentioned information
should be directed to Theresa K. Lee, at the address and telephone number on the cover of this
Registration Statement.
PART II.INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by the Company with the Securities and Exchange Commission (the
"Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act") are
incorporated herein by reference and are deemed to be a part hereof from the date of the filing of
such documents:
(1)   The Annual Report on Form 10-K of the Company for the fiscal year ended December 31, 2004;
(2)   All reports filed by the Company pursuant to Section 13(a) or 15(d) of the Exchange Act,
since December 31, 2004; and
(3)   The description of the Common Stock contained in the Company's Registration Statement
filed under Section 12 of the Exchange Act, including any amendments or reports filed for the
purpose of updating such description.
All other documents subsequently filed by the Company pursuant to Section 13(a), 13(c), 14 and
15(d) of the Exchange Act prior to the filing of a post-effective amendment to this Registration
Statement that indicates that all securities offered have been sold or that deregisters all
securities that remain unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.
Any statement contained in a document incorporated or deemed incorporated herein by reference
shall be deemed to be modified or superseded for the purpose of this Registration Statement to the
extent that a statement contained herein or in any subsequently filed document which also is, or is
deemed to be, incorporated herein by reference modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Table of Contents
Item 6. Indemnification of Directors and Officers.
Pursuant to authority conferred by Section 102 of the Delaware General Corporation Law (the
"DGCL"), Article VIII of the Certificate of Incorporation of the Company eliminates the personal
liability of the Company's directors to the Company or its stockholders for monetary damages for
breach of fiduciary duty. Directors remain liable for (i) any breach of the duty of loyalty to the
Company or its stockholders, (ii) any act or omission not in good faith or which involves
intentional misconduct or a knowing violation of law, (iii) any violation of Section 174 of the
DGCL, which proscribes the payment of dividends and stock purchases or redemptions under certain
circumstances, and (iv) any transaction from which directors derive an improper personal benefit.
Article VIII further provides that any future repeal or amendment of its terms will not
adversely affect any rights of directors existing thereunder with respect to acts or omissions
occurring prior to such repeal or amendment. Article VIII also incorporates any future amendments
to Delaware law which further eliminate or limit the liability of directors.
Indemnification and Insurance.
In accordance with Section 145 of the DGCL, which allows and,
in some cases, requires the indemnification of directors and officers under certain circumstances,
Article VII of the Company's Certificate of Incorporation and certain provisions of the Company's
Bylaws grant the Company's directors and officers a right to indemnification for all expenses
relating to civil, criminal, administrative or investigative procedures to which they are a party
(i) by reason of the fact that they are or were directors or officers of the Company or (ii) by
reason of the fact that, while they are or were directors or officers of the Company, they are or
were serving at the request of the Company as directors, trustees, officers, employees or agents of
another enterprise. Section VI of the Bylaws further provides that an advancement for any such
expenses shall only be made upon delivery to the Company by the indemnitee of an undertaking to
repay all amounts so advanced if it is ultimately determined by final judicial decision from which
there is no further right to appeal that such indemnitee is not entitled to be indemnified under
Article VII or otherwise.
In addition, Article VII provides that directors and officers therein described shall be
indemnified to the fullest extent not prohibited by Section 145 of the DGCL, or any successor
provisions or amendments thereunder. In the event that any such successor provisions or amendments
provide indemnification rights broader than permitted prior thereto, Article VII allows such
broader indemnification rights to apply retroactively with respect to any predating alleged action
or inaction and also allows the indemnification to continue after an indemnitee has ceased to be a
director or officer of the corporation and to inure to the benefit of the indemnitee's heirs,
executors and administrators.
If a claim for indemnification under Article VII is not paid in full by the Company or an
advancement of expenses is not made by the Company within a prescribed period of time and a suit is
filed in relation thereto, the Company's Bylaws entitle the indemnitee to recover the expense of
prosecuting or defending such suit, if the indemnitee is successful in whole or in part. The
Company's Bylaws also entitle the indemnitee to recover the expense of defending a suit brought by
the Company to recover an advancement of expenses pursuant to the terms of an undertaking, if the
indemnitee is successful in whole or in part. The Bylaws also entitle the Company to recover
advanced expenses upon final adjudication that the indemnitee has not met the applicable standard
of conduct set forth in Section 145 of the DGCL. Under the Company's Bylaws, the burden of proving
that the indemnitee is not entitled to be indemnified lies with the Company.
Article VII further provides that the right to indemnification is not exclusive of any other
right which any indemnitee may have or thereafter acquire under any statute, the Company's
Certificate of Incorporation or Bylaws, any agreement or vote of stockholders or disinterested
directors or otherwise, and permits, but does not require, the Company to indemnify and advance
expenses to its agents and employees to the same (or any lesser or greater) extent as directors and officers. The Bylaws provide
that
Table of Contents
the Corporation shall indemnify and advance expenses to employees to the same extent as to
directors and officers.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
for directors and officers and controlling persons pursuant to the foregoing provisions, the
Company has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.
The Company's Bylaws authorize the Company to purchase insurance for directors, officers,
trustees, employees, or agents of the Company or another enterprise against any expense, liability
or loss, whether or not the Company would have the power to indemnify such persons against such
expense or liability under the DGCL. The Company intends to maintain insurance coverage for its
officers and directors as well as insurance coverage to reimburse the Company for potential costs
of its corporate indemnification of directors and officers.
In December 2003, the Company entered into Indemnification Agreements (the "Indemnification
Agreements") with each director and certain executive officers of the Company. One of the purposes
of the Indemnification Agreements is to attempt to specify the extent to which persons entitled to
indemnification thereunder (the "Indemnitees") may receive indemnification. Pursuant to the
Indemnification Agreements, an Indemnitee is entitled to indemnification for claims regarding (i)
the act or failure to act in Indemnitee's capacity as a director, officer, employee or agent of the
Company (or any other entity as to which Indemnitee is serving in such capacity at the Company's
request); (ii) in respect of any transaction or other activity of the Company or such other entity;
and (iii) Indemnitee's status as a director, officer, employee or other representative of the
Company or such other entity. The Indemnification Agreements are in addition to and are not
intended to limit any rights of indemnification which are available under the Company's Certificate
of Incorporation or By-laws, or otherwise.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
See Exhibit Index, which is incorporated here by reference.
Item 9. Undertakings.
(a)   The undersigned Company hereby undertakes:
(1)   To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high and of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the effective
registration statement; and
Table of Contents
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change in such information in
the registration statement.
Provided, however,
that paragraphs (a)(l)(i) and (a)(l)(ii) above do not apply if the
registration statement is on Form S-3 or Form S-8, and the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed by the Company
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in
the registration statement.
(2)   That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3)   To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b)   The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company's annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(c)   Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company pursuant to Item 6 of this
Part II, or otherwise, the Company has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid by a director,
officer or controlling person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the Company will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
(signatures on following page)
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Kingsport, State of Tennessee, on the 2nd day of May, 2005.
EASTMAN CHEMICAL COMPANY
By:
/s/ Richard A. Lorraine
Richard A. Lorraine
Senior Vice President and Chief Financial Officer
POWER OF ATTORNEY
KNOW BY ALL MEN BY THESE PRESENT,
that each person whose signature appears below constitutes
and appoints Richard A. Lorraine and Theresa K. Lee, and each or any one of them, as true and
lawful attorneys-in-fact and agents, with full power of substitution, for him and in his name,
place and stead, in any and all capacities, to sign any amendments (including post-effective
amendments) to this Registration Statement and to file the same, with all exhibits thereto and
other documents in connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorney-in-fact, or their substitute or substitutes, may
lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated:
SIGNATURE
TITLE
DATE
/s/ J. Brian Ferguson
J. Brian Ferguson
Chairman of the Board, Chief
Executive Officer and
Director (Principal
Executive Officer)
May 2, 2005
/s/ Richard A. Lorraine
Richard A. Lorraine
Senior Vice President and
Chief Financial Officer
(Principal Financial
Officer)
May 2, 2005
/s/ Curtis E. Espeland
Curtis E. Espeland
Vice President and Principal
Accounting Officer
May 2, 2005
Table of Contents
/s/ Calvin A. Campbell, Jr.
Calvin A. Campbell, Jr.
Director
May 2, 2005
/s/ Michael P. Connors
Michael P. Connors
Director
May 2, 2005
/s/ Stephen R. Demeritt
Stephen R. Demeritt
Director
May 2, 2005
/s/ Donald W. Griffin
Donald W. Griffin
Director
May 2, 2005
/s/ Robert M. Hernandez
Robert M. Hernandez
Director
May 2, 2005
/s/ Renee J. Hornbaker
Renee J. Hornbaker
Director
May 2, 2005
/s/ Thomas H. McLain
Thomas H. McLain
Director
May 2, 2005
/s/ David W. Raisbeck
David W. Raisbeck
Director
May 2, 2005
/s/ Peter M. Wood
Peter M. Wood
Director
May 2, 2005
Table of Contents
EXHIBIT INDEX
TO
FORM S-8
4.1
Amended and Restated Certificate of Incorporation of the Company, as
amended (incorporated by reference to Exhibit 3.01 to the Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2001)
4.2
Amended and Restated Bylaws of Eastman Chemical Company, as amended
(incorporated by reference to Exhibit 3.02 to the Company's Annual
Report on Form 10-K for the year ended December 31, 2003)
5.1
Opinion of Alston & Bird LLP
23.1
Consent of Alston & Bird LLP (included in Exhibit 5.1)
23.2
Consent of PricewaterhouseCoopers LLP
24.1
Power of Attorney (included on signature page)
99.1
Eastman Chemical Company 2002 Omnibus Long-Term Compensation Plan
(incorporated herein by reference to Appendix A to the Company's
definitive 2002 Annual Meeting Proxy Statement filed pursuant to
Regulation 14A)
99.2
Eastman Chemical Company 1997 Omnibus Long-Term Compensation Plan
(incorporated herein by reference to Appendix A to the Company's
definitive 1997 Annual Meeting Proxy Statement filed pursuant to
Regulation 14A)