Other Information

On July 30, 2008 CVS Caremark and Chris W. Bodine agreed on an amendment to Mr. Bodine’s employment agreement to reflect his previously announced transition to retirement in 2010. For the remainder of 2008, Mr. Bodine will continue in his new position as Special Advisor to the CVS Caremark Chief Executive Officer. In 2009, Mr. Bodine will reduce his schedule to a part-time basis until his retirement on his 55th birthday in June 2010. During this period he will work with the Chief Executive Officer on long-term corporate and health care services strategy. Under his amended employment agreement, Mr. Bodine will not receive any equity awards in 2009 or 2010 and his annual and long-term incentive awards will be reduced to reflect his transition to part-time status. In addition, upon his retirement, vesting of outstanding restricted stock units and stock options will occur in accordance with the respective equity award agreements. Mr. Bodine will be subject to non-compete and non-solicitation covenants for 2 years after his retirement.

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Item 9B.       Other Information

No events have occurred during the fourth quarter that would require disclosure under this item.

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Item 9B. Other Information

The Company’s Controller (who was also the Principal Accounting Officer) resigned from the Company on March 13, 2006. David B. Rickard, the Company’s Executive Vice President, Chief Financial Officer and Chief Administrative Officer, will be acting as Principal Accounting Officer on an interim basis. See Item 3.

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Other Information

As a retention initiative for Thomas M. Ryan, Chairman of the Board, President and Chief Executive Officer, the Management Planning and Development Committee of the CVS Board of Directors, on August 5, 2005, (i) agreed that subject to Mr. Ryan’s remaining employed through the end of 2009, CVS would waive the 30-year cap in the Company’s Supplemental Executive Retirement Plan on credited service for Mr. Ryan and provide Mr. Ryan upon his retirement with financial planning services, office space and the services of an assistant for five years at the Company’s expense; and (ii) made a grant of 400,000 restricted stock units to Mr. Ryan which will vest on December 31, 2009, and which provides for settlement after Mr. Ryan’s retirement from the Company.

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Item 9B. Other Information

No events have occurred which would require disclosure under this Item.

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