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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the U.S.
Securities and Exchange Commission on September 20, 2004 </FONT></P>



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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration Statement
No. 333-__________ </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SECURITIES AND
EXCHANGE COMMISSION </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM S-8 <BR>
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U><B>CRYOLIFE, INC.</B></U> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of
registrant as specified in its charter) </FONT></P>


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<TR VALIGN="TOP">
     <TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><U>Florida</U></B>
</FONT></TD>
     <TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><U>59-2417093</U></B>
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or Other Jurisdiction of<BR>
Incorporation or Organization)
</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer<BR>
Identification No.)
</FONT></TD></TR>
</TABLE>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1655 Roberts Boulevard,
NW, Kennesaw, Georgia 30144 </B> <BR>(Address, including zip code, of registrant&#146;s principal
executive offices)  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CryoLife, Inc. 2004
Employee Stock Incentive Plan  <BR>
CryoLife, Inc. 2004 Non-Employee
Directors Stock Option Plan</B> <BR>
(Full Title of Plan) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Steven G. Anderson,
President, Chief Executive Officer <BR>
and Chairman of the
Board of Directors <BR>
CryoLife, Inc. <BR>
1655 Roberts
Boulevard, NW <BR>
Kennesaw, Georgia 30144 <BR>
(770) 419-3355</B> <BR>
(Name and address, including zip code, and telephone number, including area code,<BR>
 of agent for service) </FONT></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copy to: </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B.  Joseph Alley, Jr.
Esq. <BR>
Arnall Golden &amp;
Gregory, LLP <BR>
2800 One Atlantic
Center <BR>
1201 West Peachtree
Street <BR>
Atlanta, Georgia
30309-3450 </FONT></H1>
<BR>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Calculation of
Registration Fee </FONT></H1>

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<TR VALIGN="TOP">
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Title of securities<BR>
to be registered
</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount to be<BR>
Registered(1)
</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed    <BR>
maximum offering<BR>
price per share
</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed maximum<BR>
aggregate   <BR>
offering price
</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount of<BR>
registration<BR>
fee(1)
</FONT></TD></TR>
</TABLE>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Common Stock, <BR>
$.01 par value
</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2,600,000 Shares</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$7.235</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$18,811,000</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$2,383.36</FONT></TD></TR>
</TABLE>
<BR>

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          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Calculated pursuant to Rules 457(c) and 457(h) under the Securities Act of 1933,
          as amended, as follows: with respect to 2,600,000 shares, based upon the average
          of the high and low price of the Registrant&#146;s Common Stock on September 17,
          2004 as listed on the New York Stock Exchange. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Information Regarding
Certain Financial Statements<BR>
Incorporated by Reference Into This <BR>
Registration Statement </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April 5, 2002, our Audit Committee recommended and the Board approved the dismissal of
Arthur Andersen LLP as our independent auditors, effective April 9, 2002. Arthur Andersen
has been found guilty of federal obstruction of justice arising from the government&#146;s
investigation of Enron Corp. It is likely that events arising out of this verdict may
adversely affect the ability of Arthur Andersen to satisfy any claims against it including
claims that may arise out of Arthur Andersen&#146;s audit of our financial statements as
of December 31, 2001 and for the year then ended, which are incorporated by reference into
this registration statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
11(a) of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), provides
that if any part of a registration statement at the time it becomes effective contains an
untrue statement of a material fact or an omission to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, any person
acquiring a security pursuant to the registration statement (unless it is proved that at
the time of the acquisition the person knew of the untruth or omission) may sue, among
others, every accountant who has consented to be named as having prepared or certified any
part of the registration statement or as having prepared or certified any report or
valuation which is used in connection with the registration statement, with respect to the
statement in the registration statement, report or valuation that purports to have been
prepared or certified by the accountant. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to the date of this registration statement, the Arthur Andersen partners who reviewed our
audited financial statements, as of December 31, 2001 resigned from Arthur Andersen. As a
result, after reasonable efforts, we have been unable to obtain Arthur Andersen&#146;s
written consent to the incorporation by reference into this registration statement of its
audit reports with respect to our financial statements. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
these circumstances, Rule 437(a) under the Securities Act permits the filing of this
registration statement without including herein a written consent from Arthur Andersen.
Accordingly, Arthur Andersen will not be liable under Section 11(a) of the Securities Act
for statements made in this registration statement because it has not consented to being
named as an expert in the registration statement. As a result, you will not be able to sue
Arthur Andersen pursuant to Section 11(a)(4) of the Securities Act and therefore, your
right of recovery under that section may be limited as a result of the lack of consent. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 3.&nbsp;&nbsp;  Incorporation of
Certain Documents by Reference.</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents are incorporated by reference in the Registration Statement: </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Registrant&#146;s Annual Report on Form 10-K filed with respect to the
          Registrant&#146;s fiscal year ended December 31, 2003. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         The
Registrant&#146;s Quarterly Reports on Form 10-Q filed with respect to the
          Registrant&#146;s quarters ended June 30, 2004 and March 31, 2004; and the
          Current Reports on Form 8-K filed on August 5, 2004, May 10, 2004, February 26,
          2004, February 9, 2004, January 26, 2004 and January 7, 2004. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>          The
description of the Registrant&#146;s Common Stock contained in the           Registrant&#146;s
registration statement filed under Section 12 of the           Securities Exchange Act of
1934, including any amendment or report filed for the           purpose of updating such
description. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         All
documents subsequently filed by the Registrant pursuant to Sections 13(a),
          13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing
          of a post-effective amendment to this registration statement which indicates
          that all of the shares of Common Stock offered have been sold or which
          deregisters all of such shares then remaining unsold, shall be deemed to be
          incorporated by reference in this registration statement and to be a part
hereof           from the date of filing of such documents. Any statement contained in a
document           incorporated or deemed to be incorporated by reference herein shall be
deemed to           be modified or superseded for purposes of this registration statement
to the           extent that a statement contained herein or in any other subsequently
filed           document which also is or is deemed to be incorporated by reference
herein           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. </FONT></TD>
</TR>
</TABLE>
<BR>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> II-1</FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4.&nbsp;&nbsp; Description of
Securities </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp; Interests of
Named Experts and Counsel. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6.&nbsp;&nbsp; Indemnification
of Directors and Officers. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant is a Florida corporation. The following summary is qualified in its entirety by
reference to the complete text of the Florida Business Corporation Act (the
&#147;FBCA&#148;), the Registrant&#146;s Restated Articles of Incorporation, and the
Registrant&#146;s Bylaws. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
Section 607.0850(1) of the FBCA, a corporation may indemnify any of its directors and
officers against expenses (including attorneys&#146; fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by such person in connection with such
action, suit or proceeding (including any appeal thereof) (i) if such person acted in good
faith and in a manner he or she reasonably believed to be in, or not opposed to, the best
interests of the corporation, and (ii) with respect to any criminal action or proceeding,
he or she had no reasonable cause to believe his or her conduct was unlawful. In actions
brought by or in the right of the corporation, however, Section 607.0850(2) provides that
no indemnification shall be made in respect of any claim, issue or matter as to which the
director or officer shall have been adjudged to be liable unless, and only to the extent
that, the court in which such proceeding was brought, or any other court of competent
jurisdiction, shall determine upon application that, despite the adjudication of liability
but in view of all circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which such court shall deem proper. Article X of
the Registrant&#146;s Restated Articles of Incorporation and Article VI of the
Registrant&#146;s Bylaws require that, if in the judgment of the majority of the Board of
Directors (excluding from such majority any director under consideration for
indemnification) the criteria set forth under Section 607.0850 have been met, then the
Registrant shall indemnify its directors and officers for certain liabilities incurred in
the performance of their duties on behalf of the Registrant to the maximum extent allowed
by Section 607.0850 of the FBCA (formerly Section 607.014 of the Florida General
Corporation Act). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Agreement and Plan of Merger dated March 5, 1997, between Registrant and Ideas for
Medicine, Inc. (&#147;IFM&#148;) and certain stockholders of IFM provides that any
investors exercising registration rights pursuant to such agreement must indemnify the
officers and directors signing the registration statement against any liability arising
from statements or omissions made in reliance upon information furnished by such investors
to the Registrant for use in such registration statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant has purchased insurance to insure (i) the Registrant&#146;s directors and
officers against damages from actions and claims incurred in the course of their duties,
and (ii) the Registrant against expenses incurred in defending lawsuits arising from
certain alleged acts of its directors and officers. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.&nbsp;&nbsp; Exemption from
Registration Claimed. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> II-2</FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.&nbsp;&nbsp; Exhibits. </FONT></H1>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Exhibit No.</U> </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Exhibit</U>  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.1  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Restated
Certificate of Incorporation of the Company, as amended. (Incorporated by reference to
Exhibit 3.1 to the Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended
March 31, 2003).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.2  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ByLaws
of the Company, as amended. (Incorporated by reference to Exhibit 3.2 to the Registrant&#146;s
Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2003).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.3  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Articles
of Amendment to the Articles of Incorporation of the Company. (Incorporated by reference
to Exhibit 3.3 to the Registrant&#146;s Annual Report on Form 10-K for the year ended
December 31, 2000).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Certificate for the Company's Common Stock (Incorporated by reference to Exhibit 4.1
to the Registrant's                   Registrant's Registration Statement on Form S-1
(Commission File No. 33-56388). </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Certificate for the Company&#146;s Common Stock (Incorporated by reference to Exhibit
4.2 to the Registrant&#146;s Annual Report on Form 10-K for the year ended December 31,
1997).  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         5*  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Arnall Golden &amp; Gregory, LLP regarding legality. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         23.1*  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Arnall Golden &amp; Gregory, LLP (included as part of Exhibit 5 hereto). </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         23.2*  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Deloitte &amp; Touche LLP. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1*  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CryoLife,
Inc. 2004 Employee Stock Incentive Plan.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.2*  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CryoLife,
Inc. 2004 Non-Employee Directors Stock Option Plan. </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>_________________ <BR>
*  Filed herewith.</FONT></P>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.&nbsp;&nbsp; Undertakings. </FONT></H1>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         The
undersigned Registrant hereby undertakes: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:  </FONT>
</TD>
</TR>
</TABLE>
<BR>



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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
include any prospectus required by Section 10(a)(3) of the Securities Act of
               1933;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               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;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
include any material information with respect to the plan of distribution not
               previously disclosed in the registration statement or any material change
to                such information in the registration statement;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Provided,
however, that paragraph (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration
statement.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;       That, for the purpose of determining any liability under the Securities Act
of           1933, 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.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> II-3</FONT></P>

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<HR SIZE=5 COLOR=GRAY NOSHADE>


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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
remove registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
undersigned registrant hereby undertakes that, for purposes of determining           any
liability under the Securities Act of 1933, each filing of the           registrant&#146;s
annual report pursuant to Section 13(a) or Section 15(d) of           the Securities
Exchange Act of 1934 (and, where applicable, each filing of an           employee benefit
plan&#146;s annual report pursuant to Section 15(d) of the           Securities Exchange
Act of 1934) 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.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Insofar
as indemnification for liabilities arising under the Securities Act of           1933 may
be permitted to directors, officers and controlling persons of the           Registrant
pursuant to the provisions described in Item 6, or otherwise, the           Registrant
has been advised that in the opinion of the Securities and Exchange           Commission
such indemnification is against public policy as expressed in the Act           and is,
therefore, unenforceable. In the event that a claim for indemnification           against
such liabilities (other than the payment by the Registrant of expenses           incurred
or paid by a director, officer or controlling person of the Registrant           in the
successful defense of any action, suit or proceedings) is asserted by           such
director, officer or controlling person in connection with the securities           being
registered, the Registrant 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 Act and will be governed by the final
          adjudication of such issue.  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> II-4</FONT></P>

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<HR SIZE=5 COLOR=GRAY NOSHADE>



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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant 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 Kennesaw, State of Georgia on
September 20, 2004. </FONT></P>










<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CRYOLIFE, INC.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>&nbsp;</TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>By: <U>/s/ Steven G. Anderson        </U></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Steven G. Anderson<BR>
<I>President,  Chief  Executive  Officer  and  Chairman of the <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board of Directors</I>
</FONT></TD></TR>
</TABLE>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Steven G. Anderson and D. Ashley Lee and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all
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, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as he might or
could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his substitute or substitutes, may lawfully do or
cause to be done by virtue hereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>PRINCIPAL EXECUTIVE, FINANCIAL
&amp; ACCOUNTING OFFICERS AND DIRECTORS</U>: </FONT></P>


<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Name</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Title</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Date</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Steven G. Anderson</U><BR>Steven G. Anderson</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President, Chief Executive Officer<BR>
and Chairman of the Board of<BR>
Directors (Principal Executive<BR>
Officer)
</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ D.A. Lee</U><BR>D. Ashley Lee</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vice President of Finance,<BR>
Treasurer and Chief Financial    <BR>
Officer (Principal Financial and<BR>
Accounting Officer)
</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Thomas F. Ackerman</U><BR>Thomas F. Ackerman</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Dan Bevevino</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ John M. Cook</U><BR>John M. Cook</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Ronald Charles Elkins, M.D.</U><BR>Ronald Charles Elkins, M.D.</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Virginia C. Lacy</U><BR>Virginia C. Lacy</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Ronald D. McCall</U><BR>Ronald D. McCall</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Bruce J. Van Dyne, M.D.</U><BR>Bruce J. Van Dyne, M.D.</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">September 20, 2004</FONT></TD></TR>
<TR VALIGN="TOP">
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{"company-data": {"conformed-name": "CRYOLIFE INC", "cik": "0000784199", "assigned-sic": "8090", "irs-number": "592417093", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-119137", "film-number": "041038113"}, "business-address": {"street1": "1655 ROBERTS BOULEVARD N W", "street2": "STE 142", "city": "KENNESAW", "state": "GA", "zip": "30144", "phone": "7704193355"}, "mail-address": {"street1": "1655 ROBERTS BOULEVARD N W", "street2": "STE 142", "city": "KENNESAW", "state": "GA", "zip": "30144"}}
As filed with the U.S.
Securities and Exchange Commission on September 20, 2004
Registration Statement
No. 333-__________
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CRYOLIFE, INC.
(Exact name of
registrant as specified in its charter)
Florida
59-2417093
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
1655 Roberts Boulevard,
NW, Kennesaw, Georgia 30144
(Address, including zip code, of registrant's principal
executive offices)
CryoLife, Inc. 2004
Employee Stock Incentive Plan
CryoLife, Inc. 2004 Non-Employee
Directors Stock Option Plan
(Full Title of Plan)
Steven G. Anderson,
President, Chief Executive Officer
and Chairman of the
Board of Directors
CryoLife, Inc.
1655 Roberts
Boulevard, NW
Kennesaw, Georgia 30144
(770) 419-3355
(Name and address, including zip code, and telephone number, including area code,
of agent for service)
Copy to:
B.  Joseph Alley, Jr.
Esq.
Arnall Golden &
Gregory, LLP
2800 One Atlantic
Center
1201 West Peachtree
Street
Atlanta, Georgia
30309-3450
Calculation of
Registration Fee
Title of securities
to be registered
Amount to be
Registered(1)
Proposed
maximum offering
price per share
Proposed maximum
aggregate
offering price
Amount of
registration
fee(1)
Common Stock,
$.01 par value
2,600,000 Shares
$7.235
$18,811,000
$2,383.36
(1)
Calculated pursuant to Rules 457(c) and 457(h) under the Securities Act of 1933,
          as amended, as follows: with respect to 2,600,000 shares, based upon the average
          of the high and low price of the Registrant's Common Stock on September 17,
          2004 as listed on the New York Stock Exchange.
Information Regarding
Certain Financial Statements
Incorporated by Reference Into This
Registration Statement
On
April 5, 2002, our Audit Committee recommended and the Board approved the dismissal of
Arthur Andersen LLP as our independent auditors, effective April 9, 2002. Arthur Andersen
has been found guilty of federal obstruction of justice arising from the government's
investigation of Enron Corp. It is likely that events arising out of this verdict may
adversely affect the ability of Arthur Andersen to satisfy any claims against it including
claims that may arise out of Arthur Andersen's audit of our financial statements as
of December 31, 2001 and for the year then ended, which are incorporated by reference into
this registration statement.
Section
11(a) of the Securities Act of 1933, as amended (the "Securities Act"), provides
that if any part of a registration statement at the time it becomes effective contains an
untrue statement of a material fact or an omission to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, any person
acquiring a security pursuant to the registration statement (unless it is proved that at
the time of the acquisition the person knew of the untruth or omission) may sue, among
others, every accountant who has consented to be named as having prepared or certified any
part of the registration statement or as having prepared or certified any report or
valuation which is used in connection with the registration statement, with respect to the
statement in the registration statement, report or valuation that purports to have been
prepared or certified by the accountant.
Prior
to the date of this registration statement, the Arthur Andersen partners who reviewed our
audited financial statements, as of December 31, 2001 resigned from Arthur Andersen. As a
result, after reasonable efforts, we have been unable to obtain Arthur Andersen's
written consent to the incorporation by reference into this registration statement of its
audit reports with respect to our financial statements.
Under
these circumstances, Rule 437(a) under the Securities Act permits the filing of this
registration statement without including herein a written consent from Arthur Andersen.
Accordingly, Arthur Andersen will not be liable under Section 11(a) of the Securities Act
for statements made in this registration statement because it has not consented to being
named as an expert in the registration statement. As a result, you will not be able to sue
Arthur Andersen pursuant to Section 11(a)(4) of the Securities Act and therefore, your
right of recovery under that section may be limited as a result of the lack of consent.
PART II
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of
Certain Documents by Reference.
The
following documents are incorporated by reference in the Registration Statement:
(a)
The
Registrant's Annual Report on Form 10-K filed with respect to the
          Registrant's fiscal year ended December 31, 2003.
(b)
The
Registrant's Quarterly Reports on Form 10-Q filed with respect to the
          Registrant's quarters ended June 30, 2004 and March 31, 2004; and the
          Current Reports on Form 8-K filed on August 5, 2004, May 10, 2004, February 26,
          2004, February 9, 2004, January 26, 2004 and January 7, 2004.
(c)
The
description of the Registrant's Common Stock contained in the           Registrant's
registration statement filed under Section 12 of the           Securities Exchange Act of
1934, including any amendment or report filed for the           purpose of updating such
description.
(d)
All
documents subsequently filed by the Registrant pursuant to Sections 13(a),
          13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing
          of a post-effective amendment to this registration statement which indicates
          that all of the shares of Common Stock offered have been sold or which
          deregisters all of such shares then remaining unsold, shall be deemed to be
          incorporated by reference in this registration statement and to be a part
hereof           from the date of filing of such documents. Any statement contained in a
document           incorporated or deemed to be incorporated by reference herein shall be
deemed to           be modified or superseded for purposes of this registration statement
to the           extent that a statement contained herein or in any other subsequently
filed           document which also is or is deemed to be incorporated by reference
herein           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.
II-1
Item 4.   Description of
Securities
Not
applicable.
Item 5.   Interests of
Named Experts and Counsel.
Not
applicable.
Item 6.   Indemnification
of Directors and Officers.
The
Registrant is a Florida corporation. The following summary is qualified in its entirety by
reference to the complete text of the Florida Business Corporation Act (the
"FBCA"), the Registrant's Restated Articles of Incorporation, and the
Registrant's Bylaws.
Under
Section 607.0850(1) of the FBCA, a corporation may indemnify any of its directors and
officers against expenses (including attorneys' fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by such person in connection with such
action, suit or proceeding (including any appeal thereof) (i) if such person acted in good
faith and in a manner he or she reasonably believed to be in, or not opposed to, the best
interests of the corporation, and (ii) with respect to any criminal action or proceeding,
he or she had no reasonable cause to believe his or her conduct was unlawful. In actions
brought by or in the right of the corporation, however, Section 607.0850(2) provides that
no indemnification shall be made in respect of any claim, issue or matter as to which the
director or officer shall have been adjudged to be liable unless, and only to the extent
that, the court in which such proceeding was brought, or any other court of competent
jurisdiction, shall determine upon application that, despite the adjudication of liability
but in view of all circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which such court shall deem proper. Article X of
the Registrant's Restated Articles of Incorporation and Article VI of the
Registrant's Bylaws require that, if in the judgment of the majority of the Board of
Directors (excluding from such majority any director under consideration for
indemnification) the criteria set forth under Section 607.0850 have been met, then the
Registrant shall indemnify its directors and officers for certain liabilities incurred in
the performance of their duties on behalf of the Registrant to the maximum extent allowed
by Section 607.0850 of the FBCA (formerly Section 607.014 of the Florida General
Corporation Act).
The
Agreement and Plan of Merger dated March 5, 1997, between Registrant and Ideas for
Medicine, Inc. ("IFM") and certain stockholders of IFM provides that any
investors exercising registration rights pursuant to such agreement must indemnify the
officers and directors signing the registration statement against any liability arising
from statements or omissions made in reliance upon information furnished by such investors
to the Registrant for use in such registration statement.
The
Registrant has purchased insurance to insure (i) the Registrant's directors and
officers against damages from actions and claims incurred in the course of their duties,
and (ii) the Registrant against expenses incurred in defending lawsuits arising from
certain alleged acts of its directors and officers.
Item 7.   Exemption from
Registration Claimed.
Not
applicable.
II-2
Item 8.   Exhibits.
Exhibit No.
Exhibit
3.1
Restated
Certificate of Incorporation of the Company, as amended. (Incorporated by reference to
Exhibit 3.1 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2003).
3.2
ByLaws
of the Company, as amended. (Incorporated by reference to Exhibit 3.2 to the Registrant's
Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2003).
3.3
Articles
of Amendment to the Articles of Incorporation of the Company. (Incorporated by reference
to Exhibit 3.3 to the Registrant's Annual Report on Form 10-K for the year ended
December 31, 2000).
4.1
Form
of Certificate for the Company's Common Stock (Incorporated by reference to Exhibit 4.1
to the Registrant's                   Registrant's Registration Statement on Form S-1
(Commission File No. 33-56388).
4.2
Form
of Certificate for the Company's Common Stock (Incorporated by reference to Exhibit
4.2 to the Registrant's Annual Report on Form 10-K for the year ended December 31,
1997).
5*
Opinion
of Arnall Golden & Gregory, LLP regarding legality.
23.1*
Consent
of Arnall Golden & Gregory, LLP (included as part of Exhibit 5 hereto).
23.2*
Consent
of Deloitte & Touche LLP.
99.1*
CryoLife,
Inc. 2004 Employee Stock Incentive Plan.
99.2*
CryoLife,
Inc. 2004 Non-Employee Directors Stock Option Plan.
_________________
*  Filed herewith.
Item 9.   Undertakings.
(a)
The
undersigned Registrant 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 of
               1933;
(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;
(iii)                      To
include any material information with respect to the plan of distribution not
               previously disclosed in the registration statement or any material change
to                such information in the registration statement;
Provided,
however, that paragraph (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration
statement.
(2)      
        That, for the purpose of determining any liability under the Securities Act
of           1933, 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.
II-3
(3)                 To
remove 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
undersigned registrant hereby undertakes that, for purposes of determining           any
liability under the Securities Act of 1933, each filing of the           registrant's
annual report pursuant to Section 13(a) or Section 15(d) of           the Securities
Exchange Act of 1934 (and, where applicable, each filing of an           employee benefit
plan's annual report pursuant to Section 15(d) of the           Securities Exchange
Act of 1934) 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 of           1933 may
be permitted to directors, officers and controlling persons of the           Registrant
pursuant to the provisions described in Item 6, or otherwise, the           Registrant
has been advised that in the opinion of the Securities and Exchange           Commission
such indemnification is against public policy as expressed in the Act           and is,
therefore, unenforceable. In the event that a claim for indemnification           against
such liabilities (other than the payment by the Registrant of expenses           incurred
or paid by a director, officer or controlling person of the Registrant           in the
successful defense of any action, suit or proceedings) is asserted by           such
director, officer or controlling person in connection with the securities           being
registered, the Registrant 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 Act and will be governed by the final
          adjudication of such issue.
II-4
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant 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 Kennesaw, State of Georgia on
September 20, 2004.
CRYOLIFE, INC.
By:
/s/ Steven G. Anderson
Steven G. Anderson
President,  Chief  Executive  Officer  and  Chairman of the
Board of Directors
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Steven G. Anderson and D. Ashley Lee and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all
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, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as he might or
could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his substitute or substitutes, may lawfully do or
cause to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
PRINCIPAL EXECUTIVE, FINANCIAL
& ACCOUNTING OFFICERS AND DIRECTORS
:
Name
Title
Date
/s/ Steven G. Anderson
Steven G. Anderson
President, Chief Executive Officer
and Chairman of the Board of
Directors (Principal Executive
Officer)
September 20, 2004
/s/ D.A. Lee
D. Ashley Lee
Vice President of Finance,
Treasurer and Chief Financial
Officer (Principal Financial and
Accounting Officer)
September 20, 2004
/s/ Thomas F. Ackerman
Thomas F. Ackerman
Director
September 20, 2004
Dan Bevevino
Director
September 20, 2004
/s/ John M. Cook
John M. Cook
Director
September 20, 2004
/s/ Ronald Charles Elkins, M.D.
Ronald Charles Elkins, M.D.
Director
September 20, 2004
/s/ Virginia C. Lacy
Virginia C. Lacy
Director
September 20, 2004
/s/ Ronald D. McCall
Ronald D. McCall
Director
September 20, 2004
/s/ Bruce J. Van Dyne, M.D.
Bruce J. Van Dyne, M.D.
Director
September 20, 2004
II-5