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<TITLE>Form S-8 102005  (00008613.DOC;1)</TITLE>
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<FONT FACE="Times" SIZE=2><P ALIGN="JUSTIFY">This document contains 32 pages.</FONT></TD>
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<FONT FACE="Times" SIZE=2><P ALIGN="JUSTIFY">Exhibit Index appears at page 8.</FONT></TD>
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<FONT FACE="Times" SIZE=2><P ALIGN="JUSTIFY">The Registrant requests that the Registration Statement become effective immediately upon filing pursuant to Securities Act Rule&nbsp;462.</FONT></TD>
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<B><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C.  20549</P>
</B><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">Form S-8</P>
</B><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933<BR>
<BR>
CPAC, INC.</P>
</B><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>

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<B><P>New York</B></TD>
<TD WIDTH="39%" VALIGN="TOP">
<B><P>16-0961040</B></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP">
<P>(State or other jurisdiction<BR>
of incorporation or organization)</TD>
<TD WIDTH="39%" VALIGN="TOP">
<P>(IRS Employer Identification No.)</TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="39%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP">
<B><P>2364 Leicester Road, Leicester, New York</B></TD>
<TD WIDTH="39%" VALIGN="TOP">
<B><P>14481</B></TD>
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<TR><TD WIDTH="61%" VALIGN="TOP">
<P>(Address of Principal Executive Offices)</TD>
<TD WIDTH="39%" VALIGN="TOP">
<P>(Zip Code)</TD>
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</CENTER></P>

<B><P ALIGN="CENTER"><BR>
CPAC, INC. 2004 EXECUTIVE LONG-TERM STOCK INVESTMENT PLAN</B><BR>
(Full title of the plan)</P>

<B><P ALIGN="CENTER">ROBERT OPPENHEIMER, ESQ.<BR>
<FONT FACE="Georgia" SIZE=3>Chamberlain D'Amanda Oppenheimer &amp; Greenfield, LLP</P>
</B></FONT><P ALIGN="CENTER">1600 Crossroads Office Building<BR>
Rochester, New York 14614<BR>
(Name and address of agent for service)<BR>
<BR>
<B>585/232-3730</B><BR>
(Telephone number, including area code, of agent for service)<BR>
</P>
<B><P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE<BR>
</P></B>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=629>
<TR><TD WIDTH="24%" VALIGN="TOP" HEIGHT=36>
<FONT SIZE=2><P ALIGN="CENTER">Title of Each Class of Securities to be Registered</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=36>
<FONT SIZE=2><P ALIGN="CENTER">Amount to be Registered</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP" HEIGHT=36>
<FONT SIZE=2><P ALIGN="CENTER">Proposed Maximum Offering Price per Share</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=36>
<FONT SIZE=2><P ALIGN="CENTER">Proposed Maximum Aggregate Offering Price</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=36>
<FONT SIZE=2><P ALIGN="CENTER">Amount of Registration Fee</FONT></TD>
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<FONT SIZE=2><P>Common Stock Par <BR>
Value $.01 per share</P>
</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=58>
<FONT SIZE=2><P ALIGN="CENTER">350,000 shares</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP" HEIGHT=58>
<FONT SIZE=2><P ALIGN="CENTER">(1)(2)</FONT></TD>
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<FONT SIZE=2><P ALIGN="CENTER">(1)(2)</FONT></TD>
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<FONT SIZE=2><P ALIGN="CENTER">$222.08 (3)</FONT></TD>
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<B><FONT SIZE=2><P><HR WIDTH="90%" SIZE=1></P></B></FONT>
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<P>(1)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>The Shares registered pursuant to this Registration Statement will not be sold to members of the general public but solely to the employees of CPAC, Inc. and its subsidiaries in accordance with the terms of the CPAC, Inc. 2004 Executive Long-Term Stock Investment Plan pursuant to options/awards granted under the Plan.</TD>
</TR>
<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="92%" VALIGN="TOP">&nbsp;</TD>
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<P>(2)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>Under the terms of the CPAC, Inc. Executive Long-Term Stock Investment Plan, the Compensation Committee appointed by the Board of Directors of the Company establishes the option price and/or other prices at which shares can be purchased or are awarded under the Plan.  In the case of options which constitute "incentive stock options" as defined in Section 422 of the Internal Revenue Code of 1986, the option price shall not be less than the fair market value of the shares with respect to which the option is granted on the date of the granting of the option.  For this purpose, fair market value shall be the closing price of the common stock of the Company as quoted on the NASDAQ National Market.  In the case of nonqualified options granted under the Plan, the option price shall not be less than the fair market value of the shares on the date of grant.  Restricted Performance Shares awarded under the Plan constitute additional compensation at the time certain forfeiture restrictions with respect to said shares lapse and the amount of compensation is equal to the fair market value of said shares on the date of the lapse of said forfeiture restrictions.</TD>
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<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="92%" VALIGN="TOP">&nbsp;</TD>
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<P>(3)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>Statutory Fee: Section 6(b) of the Securities Act of 1933 and Rule 457(h)(1) and (c), based upon the mean between the high and the low bid prices of CPAC, Inc. common stock as of  August 16, 2006.  The mean per share, based upon a low bid price of $5.74 and high bid price of $6.12 on such date was $5.93.  The total offering price for 350,000 shares was $2,075,500.  Based upon the statutory formula contained in Section 6(b), the Registration Fee is $222.08.</TD>
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<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="92%" VALIGN="TOP">&nbsp;</TD>
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<P>(4)</TD>
<TD WIDTH="92%" VALIGN="TOP" HEIGHT=19>
<P>Also registered hereunder pursuant to Rule 416(a) are an indeterminate number of shares of common stock which may be issued pursuant to the anti-dilution provisions of the Plan.</TD>
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<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">&nbsp;</P>
</FONT><P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT<BR>
<BR>
TABLE OF CONTENTS<BR>
<BR>
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<P>ITEMS</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>PAGE</TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Item 3.</TD>
<TD WIDTH="47%" VALIGN="TOP">
<P>Incorporation of Documents by Reference</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&#9;3</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Item 4.</TD>
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<P>Description of Securities</TD>
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<P>&#9;N/A</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Item 5.</TD>
<TD WIDTH="47%" VALIGN="TOP">
<P>Interests of Named Experts and Counsel</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&#9;3</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
</TR>
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<P>Item 6.</TD>
<TD WIDTH="47%" VALIGN="TOP">
<P>Indemnification of Directors and Officers</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&#9;4</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
</TR>
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<P>Item 7.</TD>
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<P>Exemption from Registration Claimed</TD>
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<P>&#9;N/A</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Item 8.</TD>
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<P>Undertakings</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&#9;4</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Item 9.</TD>
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<P>Exhibits</TD>
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<P>&#9;6</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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<P>Signatures</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&#9;7</TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>
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</CENTER></P>


<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER"><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">2</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</P>

<P>&#9;The Registrant hereby states that the following documents, listed in subparagraphs (a) through (c) below, are incorporated by reference in this Registration Statement:</P>

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<P>(a)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>The Registrant's latest Annual Report (Form 10-K) filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934;</TD>
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<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="92%" VALIGN="TOP">&nbsp;</TD>
</TR>
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<P>(b)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>All other Reports, including Quarterly and Current Reports (Forms 10-Q and 8-K, respectively), filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since the end of the fiscal year covered by the Registrant's latest Annual Report; and</TD>
</TR>
<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="92%" VALIGN="TOP">&nbsp;</TD>
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<P>(c)</TD>
<TD WIDTH="92%" VALIGN="TOP">
<P>A description of the class of securities to be offered as registered under Section 12 of the Securities Exchange Act of 1934 and as contained in the Form 10 Registration Statement filed under such Act, including any amendment or  report filed for the purpose of updating such description.</TD>
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</CENTER></P>


<P>&#9;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 which indicates that all securities offered have been sold or which deregisters all securities 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 the filing of such documents.</P>

<P ALIGN="CENTER">INTEREST OF NAMED EXPERTS AND COUNSEL</P>

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<TR><TD VALIGN="TOP">
<OL>

<LI>Mr. Robert Oppenheimer is a Director of the Registrant and is a partner in the law firm of Chamberlain D'Amanda Oppenheimer &amp; Greenfield, LLP, which firm serves as general counsel to the Registrant and which firm has rendered an opinion upon the validity of the securities being registered.  Mr.&nbsp;Oppenheimer owns directly 63,825<U> </U>shares of the Registrant's $.01 par value common stock.  For the fiscal year of the Registrant ended March&nbsp;31, 2006, Mr.&nbsp;Oppenheimer's firm was paid $215,577 by the Registrant in legal fees for legal services rendered to the Registrant.</LI></OL>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since Mr. Oppenheimer is not an employee of the Company, he is not eligible to                           participate in the Plan.  </TD>
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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;The financial statement and schedules contained in the Company's Annual Report on Form 10-K incorporated by reference herein have been examined by PricewaterhouseCoopers, LLC, independent registered public accounting firm, as indicated in its reports with respect thereto and are included herein in reliance upon the authority of said firm as experts in accounting and auditing, in giving said reports.</TD>
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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;No expert named in the Registration Statement as having prepared or certified any part thereof or is named as having prepared or certified a report for use in connection with the Registration Statement or incorporated by reference therein has received, or is to receive in connection with the offering to which the Registration Statement pertains, a substantial interest, direct or indirect, in the Registrant or any of its subsidiaries.</TD>
</TR>
</TABLE>


<P>&nbsp;</P>
<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">3</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">INDEMNIFICATION OF DIRECTORS AND OFFICERS</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The By-Laws of the Registrant provide for the indemnification of the Registrant's Officers and Directors in certain circumstances as follows:</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject only to the exception that no indemnification may be made to or on behalf of any director or officer if a judgment or other final adjudication adverse to the director or officer that establishes that his acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that he personally gained in fact a financial profit or other advantage to which he was not legally entitled, the company shall indemnify any person who was or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that he is or was a director, officer, employee or agent of the company, or is or was serving at the request of the company as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding, to the fullest extent under the circumstances permitted by the Sections 721-726 of said Business Corporation Law.  Such indemnification (unless ordered by a court) shall be made as authorized in a specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because there is no judgment or other final adjudication adverse to the director or officer that establishes that his acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that he personally gained in fact a financial profit or other advantage to which he was not legally entitled.  Such determination shall be made (1)&nbsp;by the board of directors by a majority vote of a quorum consisting of directors who were not parties to such action, suit, or proceeding, or (2)&nbsp;if such quorum is not obtainable, or even if obtainable a quorum of disinterested directors so directs, (a)&nbsp;by independent legal counsel in a written opinion that indemnification is proper, or (b)&nbsp;by the stockholders.  The foregoing right of indemnification shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.</P>

<P>&nbsp;</P>
<P ALIGN="CENTER">UNDERTAKINGS</P>

<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD WIDTH="9%" VALIGN="TOP" HEIGHT=15>
<P>(a)</TD>
<TD WIDTH="91%" VALIGN="TOP" HEIGHT=15>
<P>Rule 415 Offering</TD>
</TR>
</TABLE>
</P>

<P>&#9;</P>
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<P>The undersigned Registrant hereby undertakes to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement 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 pursuant to Section 229.512(a) of Regulation S-K, such post-effective amendment may be made by setting forth the information required by such Section in periodic reports filed by the Registrant pursuant to Section 13 or Section 15 (d) of the Securities Exchange Act incorporated by reference as set forth in subsection (b) and (c) of this Item.</P>

<P>The undersigned Registrant hereby undertakes that for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to be a </TD>
</TR>
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</P>


<P>&nbsp;</P>
<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">4</P>
<P ALIGN="RIGHT"><TABLE BORDER=0 CELLSPACING=1 CELLPADDING=7 WIDTH=630>
<TR><TD VALIGN="TOP">

<P>&nbsp;</P>
<P>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.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes 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.</TD>
</TR>
</TABLE>
</P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD WIDTH="9%" VALIGN="TOP" HEIGHT=15>
<P>(b)</TD>
<TD WIDTH="91%" VALIGN="TOP" HEIGHT=15>
<P>Filings Incorporating Subsequent Exchange Act Documents by Reference</TD>
</TR>
</TABLE>
</P>


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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 Annual Report filed pursuant to Section 13 (a) or Section 15 (d) of the Securities Exchange Act of 1934 is hereby incorporated by reference herein and each such Annual Report shall be deemed to be a new Registration Statement, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</TD>
</TR>
</TABLE>
</P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD WIDTH="9%" VALIGN="TOP" HEIGHT=15>
<P>(c)</TD>
<TD WIDTH="91%" VALIGN="TOP" HEIGHT=15>
<P>Incorporated Annual and Quarterly Reports</TD>
</TR>
</TABLE>
</P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD VALIGN="TOP">
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes to deliver or cause to be delivered with the Prospectus, to each person to whom the Prospectus is sent or given, proxy statements and all other shareholder reports and communications, including the latest annual report to security holders pursuant to and meeting the requirements of Rule 14 a-3 or Rule 14 c-3 under the Securities Exchange Act of 1934; and, where interim financial information required to be presented by Article 3 of Regulation S-X is not set forth in the Prospectus, to deliver, or cause to be delivered to each person to whom the Prospectus is sent or given, the latest quarterly report that is hereby specifically incorporated by reference in the Prospectus to provide such interim financial information.</P>
</TD>
</TR>
</TABLE>
</P>

<P>&nbsp;</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD WIDTH="9%" VALIGN="TOP" HEIGHT=15>
<P>(d)</TD>
<TD WIDTH="91%" VALIGN="TOP" HEIGHT=15>
<P>Filing of Registration Statement on Form S-8</TD>
</TR>
</TABLE>
</P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=630>
<TR><TD VALIGN="TOP">
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 any indemnification provisions as found in the Registrant's Bylaws, 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 payment by the Registrant of expenses incurred or paid a director, officer or controlling person of the Registrant 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, 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 of 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.</TD>
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<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">5</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">EXHIBITS<BR>
<BR>
<BR>
</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=492>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>Exhibit Number</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Description</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>&nbsp;4</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Instruments defining the rights of security holders incorporated by reference to Form 10-K, as updated by annual, quarterly and current reports and exhibits filed therewith</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>&nbsp;5</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Opinion of Counsel</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>5.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Counsel re: legality </TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>15</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Letter re: unaudited interim financial information</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>23</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Consents of Experts and Counsel</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Independent Registered Public Accounting Firm</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Counsel</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>24</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Power of Attorney</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>25</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Statement of Eligibility of Trustee</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">
<P>99</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>Additional Exhibits</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CPAC, Inc. 2004 Executive Long-Term Stock &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Plan</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="78%" VALIGN="TOP">
<P>99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Incentive Stock Option Agreement</TD>
</TR>
</TABLE>
</CENTER></P>


<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">6</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">SIGNATURES</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of this 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 Leicester, State of New York on August 17, 2006.</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=402>
<TR><TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="90%" VALIGN="TOP">
<P>CPAC, INC.</TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="90%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">
<P>BY:</TD>
<TD WIDTH="90%" VALIGN="TOP">
<U><P>/s/ Thomas N. Hendrickson&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></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="90%" VALIGN="TOP">
<P>Thomas N. Hendrickson<BR>
President, Chief Executive Officer and Treasurer</TD>
</TR>
</TABLE>
</P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=646>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Thomas N. Hendrickson&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>
Thomas N. Hendrickson, President, Chief Executive Officer, Treasurer, and Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Thomas J. Weldgen&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;&nbsp;&nbsp;&nbsp;&nbsp;</U> Thomas J. Weldgen, Vice President Finance and<BR>
Chief Financial Officer, and Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Robert Oppenheimer&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;&nbsp;&nbsp;</U><BR>
Robert Oppenheimer, Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Jerold L. Zimmerman&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;&nbsp;</U><BR>
Jerold L. Zimmerman, Ph.D., Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Stephen J. Carl&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Stephen J. Carl, Esq., Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Jos&eacute; J. Coronas&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Jos&eacute; J. Coronas, Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ William M. Carpenter&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;&nbsp;</U><BR>
William M. Carpenter, Director</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ Wendy F. Clay&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
WENDY F. CLAY, Vice President, Administration</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>Date:  August 17, 2006</TD>
<TD WIDTH="54%" VALIGN="TOP">
<U><P>/s/ JamesW. Pembroke&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
JAMES W. PEMBROKE, Secretary and Chief Accounting Officer</TD>
</TR>
</TABLE>
</CENTER></P>


<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">7</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">EXHIBIT INDEX</P>
<P ALIGN="CENTER"><CENTER>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=678>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>Exhibit Number</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Description</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>Page</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;4</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Instruments defining the rights of security holders incorporated by reference to Form 10-K, as updated by annual, quarterly and current reports and exhibits filed therewith</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>N/A</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;5</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Opinion of Counsel</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>5.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Counsel re: legality </TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;9</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>15</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Letter re: unaudited interim financial information</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>N/A</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>23</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Consents of Experts and Counsel</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Independent Registered Public Accounting Firm</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>10</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Counsel</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;9</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>24</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Power of Attorney</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>N/A</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>25</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Statement of Eligibility of Trustee</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>N/A</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>99</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>Additional Exhibits</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CPAC, Inc. 2004 Executive Long-Term Stock &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Plan</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>11</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">
<P>99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Incentive Stock Option Agreement</TD>
<TD WIDTH="16%" VALIGN="TOP">
<P>28</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE></CENTER></P>


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<P>&nbsp;</P>
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<P>&nbsp;</P>
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<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><HR WIDTH="91%" SIZE=1></P>
<P ALIGN="CENTER">8</P></BODY>
</HTML>
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{"company-data": {"conformed-name": "CPAC INC", "cik": "0000351717", "assigned-sic": "3559", "irs-number": "160961040", "state-of-incorporation": "NY", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-136691", "film-number": "061040360"}, "business-address": {"street1": "2364 LEICESTER RD", "city": "LEICESTER", "state": "NY", "zip": "14481", "phone": "5853823223"}, "mail-address": {"street1": "P. O. BOX 175", "city": "LEICESTER", "state": "NY", "zip": "14481-0175"}}
Form S-8 102005  (00008613.DOC;1)
This document contains 32 pages.
Exhibit Index appears at page 8.
The Registrant requests that the Registration Statement become effective immediately upon filing pursuant to Securities Act Rule 462.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
Form S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CPAC, INC.
(Exact name of registrant as specified in its charter)
New York
16-0961040
(State or other jurisdiction
of incorporation or organization)
(IRS Employer Identification No.)
2364 Leicester Road, Leicester, New York
14481
(Address of Principal Executive Offices)
(Zip Code)
CPAC, INC. 2004 EXECUTIVE LONG-TERM STOCK INVESTMENT PLAN
(Full title of the plan)
ROBERT OPPENHEIMER, ESQ.
Chamberlain D'Amanda Oppenheimer & Greenfield, LLP
1600 Crossroads Office Building
Rochester, New York 14614
(Name and address of agent for service)
585/232-3730
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered
Amount to be Registered
Proposed Maximum Offering Price per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common Stock Par
Value $.01 per share
350,000 shares
(1)(2)
(1)(2)
$222.08 (3)
(1)
The Shares registered pursuant to this Registration Statement will not be sold to members of the general public but solely to the employees of CPAC, Inc. and its subsidiaries in accordance with the terms of the CPAC, Inc. 2004 Executive Long-Term Stock Investment Plan pursuant to options/awards granted under the Plan.
(2)
Under the terms of the CPAC, Inc. Executive Long-Term Stock Investment Plan, the Compensation Committee appointed by the Board of Directors of the Company establishes the option price and/or other prices at which shares can be purchased or are awarded under the Plan.  In the case of options which constitute "incentive stock options" as defined in Section 422 of the Internal Revenue Code of 1986, the option price shall not be less than the fair market value of the shares with respect to which the option is granted on the date of the granting of the option.  For this purpose, fair market value shall be the closing price of the common stock of the Company as quoted on the NASDAQ National Market.  In the case of nonqualified options granted under the Plan, the option price shall not be less than the fair market value of the shares on the date of grant.  Restricted Performance Shares awarded under the Plan constitute additional compensation at the time certain forfeiture restrictions with respect to said shares lapse and the amount of compensation is equal to the fair market value of said shares on the date of the lapse of said forfeiture restrictions.
(3)
Statutory Fee: Section 6(b) of the Securities Act of 1933 and Rule 457(h)(1) and (c), based upon the mean between the high and the low bid prices of CPAC, Inc. common stock as of  August 16, 2006.  The mean per share, based upon a low bid price of $5.74 and high bid price of $6.12 on such date was $5.93.  The total offering price for 350,000 shares was $2,075,500.  Based upon the statutory formula contained in Section 6(b), the Registration Fee is $222.08.
(4)
Also registered hereunder pursuant to Rule 416(a) are an indeterminate number of shares of common stock which may be issued pursuant to the anti-dilution provisions of the Plan.
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
TABLE OF CONTENTS
ITEMS
PAGE
Item 3.
Incorporation of Documents by Reference
3
Item 4.
Description of Securities
N/A
Item 5.
Interests of Named Experts and Counsel
3
Item 6.
Indemnification of Directors and Officers
4
Item 7.
Exemption from Registration Claimed
N/A
Item 8.
Undertakings
4
Item 9.
Exhibits
6
Signatures
7
2
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The Registrant hereby states that the following documents, listed in subparagraphs (a) through (c) below, are incorporated by reference in this Registration Statement:
(a)
The Registrant's latest Annual Report (Form 10-K) filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934;
(b)
All other Reports, including Quarterly and Current Reports (Forms 10-Q and 8-K, respectively), filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since the end of the fiscal year covered by the Registrant's latest Annual Report; and
(c)
A description of the class of securities to be offered as registered under Section 12 of the Securities Exchange Act of 1934 and as contained in the Form 10 Registration Statement filed under such Act, including any amendment or  report filed for the purpose of updating such description.
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 which indicates that all securities offered have been sold or which deregisters all securities 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 the filing of such documents.
INTEREST OF NAMED EXPERTS AND COUNSEL
Mr. Robert Oppenheimer is a Director of the Registrant and is a partner in the law firm of Chamberlain D'Amanda Oppenheimer & Greenfield, LLP, which firm serves as general counsel to the Registrant and which firm has rendered an opinion upon the validity of the securities being registered.  Mr. Oppenheimer owns directly 63,825
shares of the Registrant's $.01 par value common stock.  For the fiscal year of the Registrant ended March 31, 2006, Mr. Oppenheimer's firm was paid $215,577 by the Registrant in legal fees for legal services rendered to the Registrant.
Since Mr. Oppenheimer is not an employee of the Company, he is not eligible to                           participate in the Plan.
2.   The financial statement and schedules contained in the Company's Annual Report on Form 10-K incorporated by reference herein have been examined by PricewaterhouseCoopers, LLC, independent registered public accounting firm, as indicated in its reports with respect thereto and are included herein in reliance upon the authority of said firm as experts in accounting and auditing, in giving said reports.
3.   No expert named in the Registration Statement as having prepared or certified any part thereof or is named as having prepared or certified a report for use in connection with the Registration Statement or incorporated by reference therein has received, or is to receive in connection with the offering to which the Registration Statement pertains, a substantial interest, direct or indirect, in the Registrant or any of its subsidiaries.
3
INDEMNIFICATION OF DIRECTORS AND OFFICERS
The By-Laws of the Registrant provide for the indemnification of the Registrant's Officers and Directors in certain circumstances as follows:
Subject only to the exception that no indemnification may be made to or on behalf of any director or officer if a judgment or other final adjudication adverse to the director or officer that establishes that his acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that he personally gained in fact a financial profit or other advantage to which he was not legally entitled, the company shall indemnify any person who was or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that he is or was a director, officer, employee or agent of the company, or is or was serving at the request of the company as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding, to the fullest extent under the circumstances permitted by the Sections 721-726 of said Business Corporation Law.  Such indemnification (unless ordered by a court) shall be made as authorized in a specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because there is no judgment or other final adjudication adverse to the director or officer that establishes that his acts were committed in bad faith or were the result of active and deliberate dishonesty and were material to the cause of action so adjudicated, or that he personally gained in fact a financial profit or other advantage to which he was not legally entitled.  Such determination shall be made (1) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to such action, suit, or proceeding, or (2) if such quorum is not obtainable, or even if obtainable a quorum of disinterested directors so directs, (a) by independent legal counsel in a written opinion that indemnification is proper, or (b) by the stockholders.  The foregoing right of indemnification shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.
UNDERTAKINGS
(a)
Rule 415 Offering
The undersigned Registrant hereby undertakes to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement 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 pursuant to Section 229.512(a) of Regulation S-K, such post-effective amendment may be made by setting forth the information required by such Section in periodic reports filed by the Registrant pursuant to Section 13 or Section 15 (d) of the Securities Exchange Act incorporated by reference as set forth in subsection (b) and (c) of this Item.
The undersigned Registrant hereby undertakes that for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to be a
4
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.
The undersigned Registrant hereby undertakes 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)
Filings Incorporating Subsequent Exchange Act Documents by Reference
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each Annual Report filed pursuant to Section 13 (a) or Section 15 (d) of the Securities Exchange Act of 1934 is hereby incorporated by reference herein and each such Annual Report shall be deemed to be a new Registration Statement, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Incorporated Annual and Quarterly Reports
The undersigned Registrant hereby undertakes to deliver or cause to be delivered with the Prospectus, to each person to whom the Prospectus is sent or given, proxy statements and all other shareholder reports and communications, including the latest annual report to security holders pursuant to and meeting the requirements of Rule 14 a-3 or Rule 14 c-3 under the Securities Exchange Act of 1934; and, where interim financial information required to be presented by Article 3 of Regulation S-X is not set forth in the Prospectus, to deliver, or cause to be delivered to each person to whom the Prospectus is sent or given, the latest quarterly report that is hereby specifically incorporated by reference in the Prospectus to provide such interim financial information.
(d)
Filing of Registration Statement on Form S-8
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 any indemnification provisions as found in the Registrant's Bylaws, 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 payment by the Registrant of expenses incurred or paid a director, officer or controlling person of the Registrant 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, 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 of 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.
5
EXHIBITS
Exhibit Number
Description
4
Instruments defining the rights of security holders incorporated by reference to Form 10-K, as updated by annual, quarterly and current reports and exhibits filed therewith
5
Opinion of Counsel
5.1       Opinion of Counsel re: legality
15
Letter re: unaudited interim financial information
23
Consents of Experts and Counsel
23.1      Consent of Independent Registered Public Accounting Firm
23.2      Consent of Counsel
24
Power of Attorney
25
Statement of Eligibility of Trustee
99
Additional Exhibits
99.1      CPAC, Inc. 2004 Executive Long-Term Stock              Investment Plan
99.2      Form of Incentive Stock Option Agreement
6
SIGNATURES
Pursuant to the requirements of this 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 Leicester, State of New York on August 17, 2006.
CPAC, INC.
BY:
/s/ Thomas N. Hendrickson
Thomas N. Hendrickson
President, Chief Executive Officer and Treasurer
Date:  August 17, 2006
/s/ Thomas N. Hendrickson
Thomas N. Hendrickson, President, Chief Executive Officer, Treasurer, and Director
Date:  August 17, 2006
/s/ Thomas J. Weldgen
Thomas J. Weldgen, Vice President Finance and
Chief Financial Officer, and Director
Date:  August 17, 2006
/s/ Robert Oppenheimer
Robert Oppenheimer, Director
Date:  August 17, 2006
/s/ Jerold L. Zimmerman
Jerold L. Zimmerman, Ph.D., Director
Date:  August 17, 2006
/s/ Stephen J. Carl
Stephen J. Carl, Esq., Director
Date:  August 17, 2006
/s/ José J. Coronas
José J. Coronas, Director
Date:  August 17, 2006
/s/ William M. Carpenter
William M. Carpenter, Director
Date:  August 17, 2006
/s/ Wendy F. Clay
WENDY F. CLAY, Vice President, Administration
Date:  August 17, 2006
/s/ JamesW. Pembroke
JAMES W. PEMBROKE, Secretary and Chief Accounting Officer
7
EXHIBIT INDEX
Exhibit Number
Description
Page
4
Instruments defining the rights of security holders incorporated by reference to Form 10-K, as updated by annual, quarterly and current reports and exhibits filed therewith
N/A
5
Opinion of Counsel
5.1       Opinion of Counsel re: legality
9
15
Letter re: unaudited interim financial information
N/A
23
Consents of Experts and Counsel
23.1      Consent of Independent Registered Public Accounting Firm
10
23.2      Consent of Counsel
9
24
Power of Attorney
N/A
25
Statement of Eligibility of Trustee
N/A
99
Additional Exhibits
99.1      CPAC, Inc. 2004 Executive Long-Term Stock              Investment Plan
11
99.2      Form of Incentive Stock Option Agreement
28
8