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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
FORM\ue000 8-K
CURRENT\ue000 REPORT
Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the
Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported):\ue000 February\ue000 21,\ue000 2009
CIT\ue000 GROUP\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
Delaware
001-31369
65-1051192
(State\ue000 or\ue000 other
(Commission
(IRS\ue000 Employer
jurisdiction\ue000 of
File\ue000 Number)
Identification\ue000 No.)
incorporation)
\ue000
\ue000
505\ue000 Fifth\ue000 Avenue
New\ue000 York,\ue000 New\ue000 York\ue000 10017
(Address\ue000 of\ue000 registrant\u2019s\ue000 principal\ue000 executive\ue000 office)
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code\ue000\ue000\ue000\ue000 (212)\ue000 771-0505
Not\ue000 Applicable
______________________________________________________
(Former\ue000 Name\ue000 or\ue000 Former\ue000 Address,\ue000 if\ue000 Changed\ue000 Since\ue000 Last\ue000 Report)
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 filing\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of
the\ue000 following\ue000 provisions\ue000 (see\ue000 General\ue000 Instruction\ue000 A.2.\ue000 below):
|_|
\ue000 Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 (17\ue000 CFR\ue000 230.425)
|_|
\ue000 Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14a-12)
|_|
\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14d-2(b))
|_|
\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.13e-4(c))
\ue000
\ue000
\ue000
Section\ue000 5\ue000 \u2013\ue000 Corporate\ue000 Governance\ue000 and\ue000 Management
Item\ue000 5.02.\ue000 (b)
\ue000 Departure\ue000 of\ue000 Directors\ue000 or\ue000 Certain\ue000 Officers;\ue000 Election\ue000 of\ue000 Directors;\ue000 Appointment\ue000 of\ue000 Certain\ue000 Officers;\ue000 Compensatory
Arrangements\ue000 of\ue000 Certain\ue000 Officers.
\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000In\ue000 anticipation\ue000 of\ue000 the\ue000 upcoming\ue000 nomination\ue000 of\ue000 members\ue000 of\ue000 the\ue000 Board\ue000 of\ue000 Directors\ue000 for\ue000 re-election\ue000 at\ue000 CIT\ue000 Group\ue000 Inc.\u2019s\ue000 (the\ue000 \u201cCompany\u201d)

Annual\ue000 Meeting\ue000 of\ue000 Stockholders\ue000 scheduled\ue000 for\ue000 May\ue000 12,\ue000 2009\ue000 (\u201cAnnual\ue000 Meeting\u201d),\ue000 three\ue000 existing\ue000 directors,\ue000 namely,\ue000 Gary\ue000 C.\ue000 Butler,\ue000 James\ue000 S.
McDonald,\ue000 and\ue000 Timothy\ue000 M.\ue000 Ring,\ue000 individually\ue000 gave\ue000 notice\ue000 to\ue000 the\ue000 Chair\ue000 of\ue000 the\ue000 Nominating\ue000 &\ue000 Governance\ue000 Committee\ue000 between\ue000 February\ue000 21\ue000 and
February\ue000 23,\ue000 2009\ue000 that\ue000 they\ue000 had\ue000 elected\ue000 not\ue000 to\ue000 stand\ue000 for\ue000 re-election\ue000 as\ue000 a\ue000 Director\ue000 of\ue000 the\ue000 Company\ue000 at\ue000 the\ue000 Annual\ue000 Meeting.\ue000 Mr.\ue000 Butler,\ue000 President
and\ue000 Chief\ue000 Executive\ue000 Officer\ue000 of\ue000 Automatic\ue000 Data\ue000 Processing,\ue000 Inc.\ue000 and\ue000 a\ue000 member\ue000 of\ue000 the\ue000 Company\u2019s\ue000 Nominating\ue000 &\ue000 Governance\ue000 Committee,\ue000 Mr.
McDonald,\ue000 President\ue000 and\ue000 Chief\ue000 Executive\ue000 Officer\ue000 of\ue000 Rockefeller\ue000 &\ue000 Co.\ue000 and\ue000 a\ue000 member\ue000 of\ue000 the\ue000 Company\u2019s\ue000 Audit\ue000 Committee,\ue000 and\ue000 Mr.\ue000 Ring,
Chairman\ue000 and\ue000 Chief\ue000 Executive\ue000 Officer\ue000 of\ue000 C.R.\ue000 Bard,\ue000 Inc.\ue000 and\ue000 a\ue000 member\ue000 of\ue000 the\ue000 Company\u2019s\ue000 Compensation\ue000 Committee,\ue000 each\ue000 advised\ue000 the\ue000 Company
that\ue000 his\ue000 decision\ue000 was\ue000 based\ue000 on\ue000 the\ue000 increased\ue000 time\ue000 demands\ue000 on\ue000 directors\ue000 related\ue000 to\ue000 the\ue000 Company\ue000 becoming\ue000 a\ue000 bank\ue000 holding\ue000 company\ue000 in
December\ue000 2008\ue000 and\ue000 time\ue000 constraints\ue000 related\ue000 to\ue000 each\ue000 of\ue000 their\ue000 other\ue000 professional\ue000 commitments\ue000 and\ue000 responsibilities.\ue000 Messrs.\ue000 Butler,\ue000 McDonald,
and\ue000 Ring\ue000 will\ue000 continue\ue000 to\ue000 serve\ue000 as\ue000 Directors\ue000 of\ue000 the\ue000 Company\ue000 until\ue000 the\ue000 Annual\ue000 Meeting.

Forward-Looking\ue000 Statement
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