<HTML>
<HEAD>
   <TITLE>S-8</TITLE>
</HEAD>
<body leftmargin="25p" marginwidth="50p">
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center"><b><font size=2 face="serif">As filed with the Securities
          and Exchange Commission on August 20, 2004</font></b> </td>
  </tr>
  <tr>
    <td align="right"> <b><font size=2 face="serif">Registration No. 333-
    _____</font></b> </td>
  </tr>
</table>
<HR size="4" noshade color="#000000" style="margin-top: -2px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">
<P align="center"><B><FONT size=4 face="serif">SECURITIES AND EXCHANGE COMMISSION<br>
</FONT></B><font size="4"><B><FONT face="serif">Washington, D.C. 20549</FONT></B></font></P>
<hr align=center width=15% size=1 noshade color="#000000">
<P align="center">
<B><FONT size=4 face="serif">FORM S-8<br>
</FONT><FONT size=3 face="serif">REGISTRATION STATEMENT<br>
UNDER THE SECURITIES
ACT OF 1933</FONT></B>
</P>
<hr align=center width=15% size=1 noshade color="#000000">
<P align="center">
  <font size="5"><B><FONT face="serif">Commonwealth Telephone Enterprises, Inc.<br>
  </FONT></B></font><font size="2"><B><FONT face="serif">(Exact Name of Registrant as specified in its charter) </FONT></B></font></P>
<div align="center">
  <TABLE width="80%" border=0 cellspacing=0 cellpadding=0>
    <TR align="center">
      <TD width="50%"><B><FONT size=2 face="serif">Pennsylvania</FONT></B></TD>
      <TD width="50%"><B><FONT size=2 face="serif">23-2093008</FONT></B></TD>
    </TR>
    <TR align="center">
      <TD width="50%"><FONT size=2 face="serif">(State or other jurisdiction of<br>
      incorporation or organization)      </FONT></TD>
      <TD width="50%"><FONT size=2 face="serif">(I.R.S. Employer<br>
      Identification No.)      </FONT></TD>
    </TR>
  </TABLE>
</div>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center"><B><FONT size=2 face="serif">100 CTE Drive<br>
    </FONT></B><B><FONT size=2 face="serif">Dallas, Pennsylvania 18612-9774<br>
    </FONT></B><FONT size=2 face="serif">(Address including zip code of Principal
    Executive Offices)</FONT> </td>
  </tr>
  <tr>
    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td align="center"> <B><FONT size=2 face="serif">Commonwealth Telephone Enterprises,
          Inc. Non-Management Directors&#146; Stock Compensation Plan</FONT></B><br>
    <FONT size=2 face="serif">(Full title of the plan)</FONT> </td>
  </tr>
  <tr>
    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td align="center"> <B><FONT size=2 face="serif">Raymond B. Ostroski, Esq.<br>
    </FONT></B><B><FONT size=2 face="serif">Senior Vice President,<br>
    </FONT></B><B><FONT size=2 face="serif">General Counsel and Corporate Secretary<br>
Commonwealth Telephone Enterprises, Inc.<br>
    </FONT></B><B><FONT size=2 face="serif">100 CTE Drive<br>
Dallas, Pennsylvania 18612-9774<br>
(570) 631-2700</FONT></B></td>
  </tr>
  <tr>
    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td align="center"><FONT size=2 face="serif">(Name, address and telephone
    number, including area code, of agent for service)</FONT></td>
  </tr>
  <tr>
    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td align="center"> <B><I><FONT size=2 face="serif">Copy to:<br>
    </FONT></I></B><B><FONT size=2 face="serif">Barbara Nims, Esq.<br>
Davis Polk &amp; Wardwell<br>
450 Lexington Avenue<br>
New York, New York 10017<br>
212-450-4000 </FONT></B> </td>
  </tr>
  <tr>
    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
  </tr>
</table><br>
<div align=center>
<B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B></div>
<TABLE width="100%" border=1 cellspacing=2 cellpadding=2>
<TR valign="bottom">
   <TD width="40%" align="center">&nbsp;&nbsp;&nbsp;<B><FONT size=1 face="serif">Title of Securities to be Registered</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Amount to be<br>
    Registered(1)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Proposed Maximum<br>
Offering Price Per<br>
Share (2)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Proposed Maximum<br>
Aggregate Offering<br>
Price(2)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Amount of<br>
    Registration Fee</FONT></B></TD>
  </TR>
<TR valign="bottom">
   <TD width="40%"><FONT size=2 face="serif">Common Stock, par value $1.00 per<br>
     share
       (&#147;Common Stock&#148;)</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">250,000</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$43.59</FONT></TD>
   <TD width="15%" align="center"><font size="2" face="serif">$10,897,500</font></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$1,380.72</FONT></TD>
  </TR>
</TABLE>
<table width="100%" border="0" cellspacing="4" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%"><font size=2 face="serif">(1) </font></td>
    <td width="95%"><font size=2 face="serif">Plus an indeterminate number
        of additional shares which may be offered or issued to prevent dilution
    from stock splits, stock dividends or similar transactions. </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%"><font size=2 face="serif">(2) </font></td>
    <td width="95%"> <font size=2 face="serif">Estimated solely for the purpose
        of determining the registration fee pursuant to paragraphs (c) and (h)
        of Rule 457 under the Securities Act of 1933, on the basis of the high
        and low sales prices of the Company&#146;s Common Stock as reported by
    NASDAQ on August 13, 2004. </font> </td>
  </tr>
</table>

<hr size="1" noshade color="#000000" style="margin-top: -2px">
<hr size="4" noshade color="#000000" style="margin-top: -10px">
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">PART I </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The information specified in Item 1 and Item 2 of Part I of the Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of
1933, as amended (the &#147;1933 Act&#148;) and the introductory note to Part I of the Registration Statement. The documents containing the information specified in Part I will be delivered to the participants in the plan covered by this
Registration Statement as required by Rule 428(b)(1). </FONT>
</P>
<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents filed with the Securities and Exchange Commission (the &#147;Commission&#148;) by Commonwealth Telephone Enterprises, Inc. (the &#147;Company&#148; or the
&#147;Registrant&#148;) pursuant to the Securities Exchange Act of 1934, as amended (the &#147;1934 Act&#148;), are incorporated herein by reference. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"><FONT size=2 face="serif"></FONT>(1) The Company&#146;s Annual Report on Form 10-K for the year ended December 31, 2003; </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) The Company&#146;s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004 and June 30, 2004; </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) All other reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act since December 31, 2003; and </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(4) The description of the Company&#146;s Common Stock contained in the Company&#146;s registration statement on Form 8-A, dated September 25, 1998. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act, 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 herein and to be a part hereof from the date of filing of such documents. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">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 incorporated or 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>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 4. DESCRIPTION OF SECURITIES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Raymond B. Ostroski, Esq.,</FONT><SUP><FONT size=2 face="serif"> </FONT></SUP><FONT size=2 face="serif">has given his opinion about certain legal matters affecting the shares of the
Company&#146;s Common Stock registered under this Registration Statement. Mr. Ostroski is Senior Vice President, General Counsel and Corporate Secretary of the Registrant and beneficially owns, or has the right to acquire, a number of shares of the
Company&#146;s Common Stock which represents less than 1% of the total outstanding Common Stock of the Company. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 1741 of the Business
Corporation Law of the Commonwealth of Pennsylvania (&#147;BCLCP&#148;) provides
that, in addition to the mandatory indemnification provided in Section 1743 of
the  BCLCP, a corporation may indemnify a director or officer who was or is a
party or is threatened to be made a party to any action or proceeding, whether
civil, criminal, administrative or investigative, against expenses (including
attorneys&#146;
fees), judgments,</FONT></P>
<P align="center"><FONT size=2 face="serif">-2- </FONT>
</P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P>
<FONT size=2 face="serif">fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action or proceeding, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 1742 of the BCLCP provides that, in addition to the mandatory indemnification provided in Section 1743 of the BCLCP, a corporation may indemnify a director or officer made, or
threatened to be made, a party to any derivative action, against expenses (including attorneys&#146; fees) actually and reasonably incurred by him in connection with the defense or settlement of the action, provided he acted in good faith and in a
manner he reasonably believed to be in, or not opposed to, the best interests of the corporation.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In addition, Article V of the Bylaws of the Registrant provides that, except as prohibited by law, no director (or former director) shall be liable to the Registrant corporation or its
shareholders for monetary damages for or resulting from any act, omission or failure to act by reason of the fact that he is or was a director. This indemnification does not apply to (i) any breach of duty or failure to perform a duty that
constitutes self-dealing, willful misconduct or recklessness, or (ii) any criminal responsibility or liability or the payment of taxes pursuant to local, state or federal law.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Article V of the Bylaws specifies that any person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to, or is involved in any
threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director or officer of the Registrant (or serving at the request of the
Registrant) shall be indemnified and held harmless to the fullest extent permitted by Pennsylvania law. Such person shall be entitled to be paid in advance of the final disposition of such proceedings to the fullest extent authorized by Pennsylvania
Law. Other individuals serving as employees or agents of the Registrant, or serving as such at another corporation, partnership, limited liability company, joint venture, trust, or other enterprise at the request of the Registrant, may be
indemnified by action of the Board of Directors of the Registrant to the extent and to the effect it determines appropriate and authorized by Pennsylvania law.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Article V of the Bylaws further specifies that the Company may purchase and maintain insurance on behalf of any person who is or was a director, officer or employee of the Company (or is or was
serving at the request of the Company as a director, officer or employee of another entity) against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person&#146;s status as such,
whether or not the Company would have the power to indemnify such person against such liability under Pennsylvania law.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Neither amendment nor repeal of Article V, nor the adoption of any provision that is inconsistent with Article V, shall eliminate or reduce the effect of Article V in respect of any matter
occurring prior to such amendment, repeal or adoption of an inconsistent provision. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 8. EXHIBITS</FONT></B></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size=2 face="serif">4.1 </font></td>
    <td width="90%"><font size=2 face="serif">Amended and Restated Articles
        of Incorporation (filed with the Corporation Bureau of the Pennsylvania
        Department of State on September 3, 2003 and incorporated herein by reference
        to Exhibit 3.12 to the Company&#146;s Form S-1 Registration Statement,
        Registration No. 333-110325, as filed with the Commission on November
    7, 2003).* </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">4.2 </font></td>
    <td> <font size=2 face="serif">Amended and Restated Bylaws of the Company
        (incorporated herein by reference to Exhibit 3.1 of the Company&#146;s
        Form 8-K, File Number 0-11053, filed with the Commission on December
    3, 2003).* </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">5.1 </font></td>
    <td> <FONT size=2 face="serif">Opinion of Raymond B. Ostroski, Esq. as
    to the legality of the Common Stock being registered pursuant hereto.</FONT> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">23.1 </font></td>
    <td><FONT size=2 face="serif">Consent of PricewaterhouseCoopers LLP. </FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">23.2 </font></td>
    <td><FONT size=2 face="serif">Consent of Raymond B. Ostroski, Esq. (included
    in his opinion filed as Exhibit 5.1). </FONT></td>
  </tr>
</table>

<P>&nbsp;</P>
<P align="center">
<FONT size=2 face="serif">-3- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size=2 face="serif">24.1 </font></td>
    <td width="90%"><font size=2 face="serif">Power of Attorney for Walter
    Scott, Jr.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.2 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for James Q. Crowe.</font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.3 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for Frank M. Henry.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.4 </font></td>
    <td><font size=2 face="serif">Power of Attorney for Richard R. Jaros.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.5 </font></td>
    <td><font size=2 face="serif">Power of Attorney for Daniel E. Knowles.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.6 </font></td>
    <td><font size=2 face="serif">Power of Attorney for David C. McCourt.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.7 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for David C. Mitchell.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.8 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for Eugene Roth.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.9 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for John J. Whyte. </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">99.1 </font></td>
    <td> <FONT size=2 face="serif">Commonwealth Telephone Enterprises, Inc.
        Non-Management Directors&#146; Stock Compensation Plan (incorporated
        herein by reference to Exhibit 10.2 to the Company&#146;s Quarterly Report
    on Form 10-Q for the quarter ended June 30, 2004, File No. 0-11053).* </FONT> </td>
  </tr>
</table>

<P><hr align=left width=10% size=1 noshade color="#000000">
<FONT size=2 face="serif">* Incorporated by reference. </FONT><p></P>
<P>
<B><FONT size=2 face="serif">ITEM 9. REQUIRED UNDERTAKINGS </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) The undersigned Company hereby undertakes: </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) 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 this Registration Statement or any material change to such information in this Registration Statement. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The undersigned company hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Company&#146;s annual report pursuant to Section 13(a) or
Section 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the 1934 Act) that is incorporated by reference in this 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 </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering
thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue. </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">-4- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements
of the 1933 Act, the Company certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing this Registration Statement
and  has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth
of Pennsylvania, on the 20th day of August, 2004. </FONT>
</P>
<div align="right">
  <TABLE width="55%" border=0 cellspacing=0 cellpadding=0>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">By:</FONT></TD>
      <TD align="left" width="91%"><FONT size=2 face="serif">/s/ Michael J. Mahoney</FONT></TD>
    </TR>
    <TR>
      <TD width="9%">&nbsp;</TD>
      <TD width="91%"><HR align="left" width="50%" size=1 noshade></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Name:</FONT></TD>
      <TD width="91%"><FONT size=2 face="serif">Michael J. Mahoney</FONT></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Title:</FONT></TD>
      <TD width="91%"><FONT size=2 face="serif">President and Chief Executive Officer</FONT></TD>
    </TR>
  </TABLE>
</div>
<p>&nbsp;</p>
<p align="center"> <FONT size=2 face="serif">-5-</FONT> <br>
  <br>
</p>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated. </FONT>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD width="30%" align="center"><B><FONT size=2 face="serif"><u>Signature</u></FONT></B></TD>
   <TD align="center" width="30%"><B><FONT size=2 face="serif"><u>Title</u></FONT></B></TD>
   <TD align="center" width="20%"><B><FONT size=2 face="serif"><u>Date</u></FONT></B></TD>
   <TD align="center" width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">President and Chief Executive</FONT></TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">/s/ Michael J. Mahoney</FONT></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Officer</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 20, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><HR noshade size=1></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Michael J. Mahoney</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Executive Vice President and Chief</FONT></TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">/s/ Donald P. Cawley</FONT></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Accounting Officer</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 20, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><HR noshade size=1></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Donald P. Cawley</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Walter Scott, Jr.</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">James Q. Crowe</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Frank M. Henry</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Richard R. Jaros</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Daniel E. Knowles</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">David C. McCourt</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">David C. Mitchell</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">Eugene Roth</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><font size="2" face="Times New Roman, Times, serif">*</font></TD>
   <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="20%" align="center"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center"><HR noshade size=1></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center"><FONT size=2 face="serif">John J. Whyte</FONT></TD>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="20%" align="center">&nbsp;</TD>
   <TD width="20%">&nbsp;</TD>
</TR>
<TR>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
</TABLE>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
  <TD colspan="2"><HR align="left" width="10%" size=1 noshade></TD>
  </TR>
<TR>
   <TD width="5%"><FONT size=2 face="serif">*By:</FONT></TD>
   <TD width="95%"><font size="2">/s/ <FONT face="serif">Michael J. Mahoney</FONT></font></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD><HR align="left" width="25%" size=1 noshade></TD>
</TR>
<TR>
   <TD width="5%">&nbsp;</TD>
   <TD width="95%"><FONT size=2 face="serif">Name:&nbsp;Michael J. Mahoney</FONT></TD>
</TR>
<TR>
   <TD width="5%">&nbsp;</TD>
   <TD width="95%"><FONT size=2 face="serif">Title:&nbsp;&nbsp;&nbsp;Attorney-in-Fact</FONT></TD>
</TR>
<TR>
   <TD width="5%">&nbsp;</TD>
   <TD width="95%">&nbsp;</TD>
</TR>
<TR>
   <TD width="5%"><FONT size=2 face="serif">Date:</FONT></TD>
   <TD width="95%"><FONT size=2 face="serif">August 17, 2004</FONT></TD>
</TR>
</TABLE>
<P align="center">
<FONT size=2 face="serif">-6-</FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">EXHIBIT INDEX </FONT></B>
</P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size=2 face="serif">4.1 </font></td>
    <td width="90%"><font size=2 face="serif">Amended and Restated Articles of
        Incorporation (filed with the Corporation Bureau of the Pennsylvania
        Department of State on September 3, 2003 and incorporated herein by reference
        to Exhibit 3.12 to the Company&#146;s Form S-1 Registration Statement,
        Registration No. 333-110325, as filed with the Commission on November
        7, 2003).* </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">4.2 </font></td>
    <td> <font size=2 face="serif">Amended and Restated Bylaws of the Company
        (incorporated herein by reference to Exhibit 3.1 of the Company&#146;s
        Form 8-K, File Number 0-11053, filed with the Commission on December
        3, 2003).* </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">5.1 </font></td>
    <td> <FONT size=2 face="serif">Opinion of Raymond B. Ostroski, Esq. as to
        the legality of the Common Stock being registered pursuant hereto.</FONT> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">23.1 </font></td>
    <td><FONT size=2 face="serif">Consent of PricewaterhouseCoopers LLP. </FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">23.2 </font></td>
    <td><FONT size=2 face="serif">Consent of Raymond B. Ostroski, Esq. (included
        in his opinion filed as Exhibit 5.1). </FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size=2 face="serif">24.1 </font></td>
    <td width="90%"><font size=2 face="serif">Power of Attorney for Walter
    Scott, Jr.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.2 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for James Q. Crowe.</font> </td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.3 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for Frank M. Henry.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.4 </font></td>
    <td><font size=2 face="serif">Power of Attorney for Richard R. Jaros.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.5 </font></td>
    <td><font size=2 face="serif">Power of Attorney for Daniel E. Knowles.
    </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.6 </font></td>
    <td><font size=2 face="serif">Power of Attorney for David C. McCourt.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.7 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for David C. Mitchell.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.8 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for Eugene Roth.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">24.9 </font></td>
    <td><font size=2 face="serif"> Power of Attorney for John J. Whyte. </font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="serif">99.1 </font></td>
    <td> <FONT size=2 face="serif">Commonwealth Telephone Enterprises, Inc.
        Non-Management Directors&#146; Stock Compensation Plan (incorporated
        herein by reference to Exhibit 10.2 to the Company&#146;s Quarterly Report
    on Form 10-Q for the quarter ended June 30, 2004, File No. 0-11053).* </FONT> </td>
  </tr>
</table>
<P>
<hr align=left width=10% size=1 noshade color="#000000">
<FONT size=2 face="serif">* Incorporated by reference. </FONT>
<p></P>
<P align="center">
<FONT size=2 face="serif">-7-</FONT>
</P>
<br>
<br>
<hr size=3 color=GRAY noshade>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "aug1304_s8.htm", "secsgml_size_bytes": 43436}]
{"company-data": {"conformed-name": "COMMONWEALTH TELEPHONE ENTERPRISES INC /NEW/", "cik": "0000310433", "assigned-sic": "4813", "irs-number": "232093008", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-118389", "film-number": "04988068"}, "business-address": {"street1": "100 CTE DRIVE", "street2": "PO BOX 800", "city": "DALLAS", "state": "PA", "zip": "18612-9799", "phone": "7176742700"}, "former-company": [{"former-conformed-name": "C TEC CORP", "date-changed": "19920703"}, {"former-conformed-name": "COMMONWEALTH TELEPHONE ENTERPRISES INC", "date-changed": "19860501"}]}
S-8
As filed with the Securities
          and Exchange Commission on August 20, 2004
Registration No. 333-
    _____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES
ACT OF 1933
Commonwealth Telephone Enterprises, Inc.
(Exact Name of Registrant as specified in its charter)
Pennsylvania
23-2093008
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
100 CTE Drive
Dallas, Pennsylvania 18612-9774
(Address including zip code of Principal
    Executive Offices)
Commonwealth Telephone Enterprises,
          Inc. Non-Management Directors' Stock Compensation Plan
(Full title of the plan)
Raymond B. Ostroski, Esq.
Senior Vice President,
General Counsel and Corporate Secretary
Commonwealth Telephone Enterprises, Inc.
100 CTE Drive
Dallas, Pennsylvania 18612-9774
(570) 631-2700
(Name, address and telephone
    number, including area code, of agent for service)
Copy to:
Barbara Nims, Esq.
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
212-450-4000
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered(1)
Proposed Maximum
Offering Price Per
Share (2)
Proposed Maximum
Aggregate Offering
Price(2)
Amount of
Registration Fee
Common Stock, par value $1.00 per
share
       ("Common Stock")
250,000
$43.59
$10,897,500
$1,380.72
(1)
Plus an indeterminate number
        of additional shares which may be offered or issued to prevent dilution
    from stock splits, stock dividends or similar transactions.
(2)
Estimated solely for the purpose
        of determining the registration fee pursuant to paragraphs (c) and (h)
        of Rule 457 under the Securities Act of 1933, on the basis of the high
        and low sales prices of the Company's Common Stock as reported by
    NASDAQ on August 13, 2004.
PART I
The information specified in Item 1 and Item 2 of Part I of the Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of
1933, as amended (the "1933 Act") and the introductory note to Part I of the Registration Statement. The documents containing the information specified in Part I will be delivered to the participants in the plan covered by this
Registration Statement as required by Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed with the Securities and Exchange Commission (the "Commission") by Commonwealth Telephone Enterprises, Inc. (the "Company" or the
"Registrant") pursuant to the Securities Exchange Act of 1934, as amended (the "1934 Act"), are incorporated herein by reference.
(1) The Company's Annual Report on Form 10-K for the year ended December 31, 2003;
(2) The Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004 and June 30, 2004;
(3) All other reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act since December 31, 2003; and
(4) The description of the Company's Common Stock contained in the Company's registration statement on Form 8-A, dated September 25, 1998.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act, 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 herein 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 incorporated or 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.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL
Raymond B. Ostroski, Esq.,
has given his opinion about certain legal matters affecting the shares of the
Company's Common Stock registered under this Registration Statement. Mr. Ostroski is Senior Vice President, General Counsel and Corporate Secretary of the Registrant and beneficially owns, or has the right to acquire, a number of shares of the
Company's Common Stock which represents less than 1% of the total outstanding Common Stock of the Company.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 1741 of the Business
Corporation Law of the Commonwealth of Pennsylvania ("BCLCP") provides
that, in addition to the mandatory indemnification provided in Section 1743 of
the  BCLCP, a corporation may indemnify a director or officer who was or is a
party or is threatened to be made a party to any action or proceeding, whether
civil, criminal, administrative or investigative, against expenses (including
attorneys'
fees), judgments,
-2-
fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action or proceeding, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful.
Section 1742 of the BCLCP provides that, in addition to the mandatory indemnification provided in Section 1743 of the BCLCP, a corporation may indemnify a director or officer made, or
threatened to be made, a party to any derivative action, against expenses (including attorneys' fees) actually and reasonably incurred by him in connection with the defense or settlement of the action, provided he acted in good faith and in a
manner he reasonably believed to be in, or not opposed to, the best interests of the corporation.
In addition, Article V of the Bylaws of the Registrant provides that, except as prohibited by law, no director (or former director) shall be liable to the Registrant corporation or its
shareholders for monetary damages for or resulting from any act, omission or failure to act by reason of the fact that he is or was a director. This indemnification does not apply to (i) any breach of duty or failure to perform a duty that
constitutes self-dealing, willful misconduct or recklessness, or (ii) any criminal responsibility or liability or the payment of taxes pursuant to local, state or federal law.
Article V of the Bylaws specifies that any person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to, or is involved in any
threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director or officer of the Registrant (or serving at the request of the
Registrant) shall be indemnified and held harmless to the fullest extent permitted by Pennsylvania law. Such person shall be entitled to be paid in advance of the final disposition of such proceedings to the fullest extent authorized by Pennsylvania
Law. Other individuals serving as employees or agents of the Registrant, or serving as such at another corporation, partnership, limited liability company, joint venture, trust, or other enterprise at the request of the Registrant, may be
indemnified by action of the Board of Directors of the Registrant to the extent and to the effect it determines appropriate and authorized by Pennsylvania law.
Article V of the Bylaws further specifies that the Company may purchase and maintain insurance on behalf of any person who is or was a director, officer or employee of the Company (or is or was
serving at the request of the Company as a director, officer or employee of another entity) against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such,
whether or not the Company would have the power to indemnify such person against such liability under Pennsylvania law.
Neither amendment nor repeal of Article V, nor the adoption of any provision that is inconsistent with Article V, shall eliminate or reduce the effect of Article V in respect of any matter
occurring prior to such amendment, repeal or adoption of an inconsistent provision.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
4.1
Amended and Restated Articles
        of Incorporation (filed with the Corporation Bureau of the Pennsylvania
        Department of State on September 3, 2003 and incorporated herein by reference
        to Exhibit 3.12 to the Company's Form S-1 Registration Statement,
        Registration No. 333-110325, as filed with the Commission on November
    7, 2003).*
4.2
Amended and Restated Bylaws of the Company
        (incorporated herein by reference to Exhibit 3.1 of the Company's
        Form 8-K, File Number 0-11053, filed with the Commission on December
    3, 2003).*
5.1
Opinion of Raymond B. Ostroski, Esq. as
    to the legality of the Common Stock being registered pursuant hereto.
23.1
Consent of PricewaterhouseCoopers LLP.
23.2
Consent of Raymond B. Ostroski, Esq. (included
    in his opinion filed as Exhibit 5.1).
-3-
24.1
Power of Attorney for Walter
    Scott, Jr.
24.2
Power of Attorney for James Q. Crowe.
24.3
Power of Attorney for Frank M. Henry.
24.4
Power of Attorney for Richard R. Jaros.
24.5
Power of Attorney for Daniel E. Knowles.
24.6
Power of Attorney for David C. McCourt.
24.7
Power of Attorney for David C. Mitchell.
24.8
Power of Attorney for Eugene Roth.
24.9
Power of Attorney for John J. Whyte.
99.1
Commonwealth Telephone Enterprises, Inc.
        Non-Management Directors' Stock Compensation Plan (incorporated
        herein by reference to Exhibit 10.2 to the Company's Quarterly Report
    on Form 10-Q for the quarter ended June 30, 2004, File No. 0-11053).*
* Incorporated by reference.
ITEM 9. REQUIRED UNDERTAKINGS
(a) The undersigned Company hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement.
(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned company hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Company's annual report pursuant to Section 13(a) or
Section 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the 1934 Act) that is incorporated by reference in this 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 1933 Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue.
-4-
SIGNATURES
Pursuant to the requirements
of the 1933 Act, the Company certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing this Registration Statement
and  has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth
of Pennsylvania, on the 20th day of August, 2004.
By:
/s/ Michael J. Mahoney
Name:
Michael J. Mahoney
Title:
President and Chief Executive Officer
-5-
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
President and Chief Executive
/s/ Michael J. Mahoney
Officer
August 20, 2004
Michael J. Mahoney
Executive Vice President and Chief
/s/ Donald P. Cawley
Accounting Officer
August 20, 2004
Donald P. Cawley
*
Director
August 17, 2004
Walter Scott, Jr.
*
Director
August 17, 2004
James Q. Crowe
*
Director
August 17, 2004
Frank M. Henry
*
Director
August 17, 2004
Richard R. Jaros
*
Director
August 17, 2004
Daniel E. Knowles
*
Director
August 17, 2004
David C. McCourt
*
Director
August 17, 2004
David C. Mitchell
*
Director
August 17, 2004
Eugene Roth
*
Director
August 17, 2004
John J. Whyte
*By:
/s/
Michael J. Mahoney
Name: Michael J. Mahoney
Title:   Attorney-in-Fact
Date:
August 17, 2004
-6-
EXHIBIT INDEX
4.1
Amended and Restated Articles of
        Incorporation (filed with the Corporation Bureau of the Pennsylvania
        Department of State on September 3, 2003 and incorporated herein by reference
        to Exhibit 3.12 to the Company's Form S-1 Registration Statement,
        Registration No. 333-110325, as filed with the Commission on November
        7, 2003).*
4.2
Amended and Restated Bylaws of the Company
        (incorporated herein by reference to Exhibit 3.1 of the Company's
        Form 8-K, File Number 0-11053, filed with the Commission on December
        3, 2003).*
5.1
Opinion of Raymond B. Ostroski, Esq. as to
        the legality of the Common Stock being registered pursuant hereto.
23.1
Consent of PricewaterhouseCoopers LLP.
23.2
Consent of Raymond B. Ostroski, Esq. (included
        in his opinion filed as Exhibit 5.1).
24.1
Power of Attorney for Walter
    Scott, Jr.
24.2
Power of Attorney for James Q. Crowe.
24.3
Power of Attorney for Frank M. Henry.
24.4
Power of Attorney for Richard R. Jaros.
24.5
Power of Attorney for Daniel E. Knowles.
24.6
Power of Attorney for David C. McCourt.
24.7
Power of Attorney for David C. Mitchell.
24.8
Power of Attorney for Eugene Roth.
24.9
Power of Attorney for John J. Whyte.
99.1
Commonwealth Telephone Enterprises, Inc.
        Non-Management Directors' Stock Compensation Plan (incorporated
        herein by reference to Exhibit 10.2 to the Company's Quarterly Report
    on Form 10-Q for the quarter ended June 30, 2004, File No. 0-11053).*
* Incorporated by reference.
-7-