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<head>
<TITLE>Carpenter Technology Corporation Form S-8</TITLE>
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<p ALIGN="left"><font face="Arial">As filed with the Securities and Exchange Commission on
March 28, 2001<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;File
No.<br>
</font></p>

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<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="center"><font face="Arial">SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, DC 20549<br>
        ___________________</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p ALIGN="center"><font face="Arial">FORM S-8<br>
REGISTRATION STATEMENT<br>
UNDER<br>
THE SECURITIES ACT OF 1933<br>
____________________</font></p>

<p ALIGN="center"><b><font face="Arial">CARPENTER TECHNOLOGY CORPORATION<br>
(Exact name of registrant as specified in its charter)<br>
</font></p>
</b>

<table border="1" width="96%" height="109" bordercolor="#FFFFFF">
  <tr>
    <td width="52%" height="38"><p align="center"><font face="Arial"><strong>Delaware</strong><br>
    (State or other jurisdiction of incorporation or<br>
    organization)</font></td>
    <td width="48%" height="38"><p align="center"><font face="Arial"><strong>23-0458500</strong><br>
    (I.R.S. Employer Identification No.)<br>
    </font></td>
  </tr>
  <tr>
    <td width="52%" height="19"></td>
    <td width="48%" height="19"></td>
  </tr>
  <tr>
    <td width="52%" height="19" align="center"><font face="Arial"><strong>1047 North Park Road<br>
    Wyomissing, Pennsylvania</strong><br>
    (Address of principal executive offices)</font></td>
    <td width="48%" height="19" align="center"><font face="Arial"><strong><br>
    19610-1339<br>
    </strong>(Zip Code)</font></td>
  </tr>
</TABLE>

<p ALIGN="center"><b><font face="Arial" size="3">STOCK-BASED INCENTIVE COMPENSATION PLAN
FOR OFFICERS AND KEY EMPLOYEES<br>
</font></b><font face="Arial">(Full title of the plan)<br>
</font></p>

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<p ALIGN="center"><b><font face="Arial">John R. Welty<br>
Vice President, General Counsel and Secretary<br>
Carpenter Technology Corporation<br>
1047 North Park Road<br>
Wyomissing, Pennsylvania&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19610-1339</font></p>
</b>

<p ALIGN="center"><font face="Arial">(Name and address of agent for service)</font></p>
<b>

<p ALIGN="center"><font face="Arial">(610) 208-2000<br>
</b>(Telephone number, including area code, of agent for service)<br>
<br>
CALCULATION OF REGISTRATION FEE<br>
</font><b></p>
</b>

<hr noshade>

<table border="1" width="100%" bordercolor="#FFFFFF" height="107">
  <tr>
    <td width="20%" align="center" height="40"><font face="Arial"><br>
    Title of<br>
    securities<br>
    to be <br>
    registered</font></td>
    <td width="20%" align="center" height="40"><font face="Arial"><br>
    <br>
    Amount<br>
    to be<br>
    registered</font></td>
    <td width="20%" align="center" height="40"><font face="Arial">Proposed<br>
    maximum<br>
    offering<br>
    price per<br>
    share (1)</font></td>
    <td width="20%" align="center" height="40"><font face="Arial">Proposed<br>
    maximum<br>
    aggregate<br>
    offering<br>
    price (1)</font></td>
    <td width="20%" align="center" height="40"><font face="Arial"><br>
    <br>
    Amount of<br>
    registration<br>
    fee</font></td>
  </tr>
</TABLE>

<hr noshade>

<table border="1" width="100%" bordercolor="#FFFFFF" height="94">
  <tr>
    <td width="20%" align="center" height="1"><font face="Arial">Common Stock,<br>
    par value $5 per <br>
    share</font></td>
    <td width="20%" align="center" height="1"><font face="Arial"><br>
    1,800,000<br>
    shares (2)</font></td>
    <td width="20%" align="center" height="1"><font face="Arial"><br>
    <br>
    $27.85</font></td>
    <td width="20%" align="center" height="1"><font face="Arial"><br>
    <br>
    $50,130,000</font></td>
    <td width="20%" align="center" height="1"><font face="Arial"><br>
    <br>
    $12,532.50</font></td>
  </tr>
</TABLE>

<hr noshade>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(1)&nbsp;&nbsp;Estimated solely for the purpose of computing the registration fee in
accordance<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with
paragraphs (c) and (h) of Rule 457 under the Securities Act of 1933 on the<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;basis of the
average of the high and low prices of the Common Stock of $28.65 <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and $27.05
respectively, as reported on the New York Stock Exchange-<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Composite
Transactions Tape on March 22, 2001.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(2)&nbsp;&nbsp;Also registered hereby are such additional indeterminate number of shares
of <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common&nbsp;Stock
of Carpenter Technology Corporation or other securities as may<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
become&nbsp;issuable upon exercise of purchase rights or otherwise by reason of <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adjustments&nbsp;pursuant
to the anti-dilution provisions of the Plan.</font><u></p>
<b>

<p ALIGN="JUSTIFY"><font face="Arial">PART II</b></u>. <b>&nbsp;<u>INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT</u></b>.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 3</b></u>. <b>&nbsp;&nbsp;&nbsp;<u>Incorporation
of Documents by Reference</u></b>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed with the Commission by the registrant pursuant to the
requirements of the Securities Exchange Act of 1934, as amended (the &quot;Exchange
Act&quot;) are incorporated hereby by reference:<br>
</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)
&nbsp; Annual Report on Form 10-K for the year ended June 30, 2000;<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;Quarterly Reports on Form
10-Q for the quarters ended<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;September 30, 2000 and December 31, 2000; and <br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;Description of the
registrant's Common Stock contained in the<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;registrant's Registration Statement on Form 8-A, as the same has been<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;and may be amended.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents subsequently
filed by the registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing with the Commission of a post-effective
amendment which (i) indicates that all securities registered hereby have been sold or (ii)
effects the deregistration of the balance of such securities then remaining unsold shall
be deemed to be incorporated herein by reference and to be a part hereof from the date of
filing of such documents.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 4</b></u>. <u><b>Description of Securities</b></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 5</b></u>. <u><b>Interests of Named Experts</b><strong>
and Counsel</strong></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 6</b>.</u> <u><b>Indemnification of Directors
and Officers</b></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
7(a) of the registrant's Restated Certificate of Incorporation provides for the
elimination of liability of directors to the fullest extent permitted by Section 102(b)(7)
of the Delaware General Corporation Law (the &quot;GCL&quot;). Section 102(b)(7) allows a
corporation in its original certificate of incorporation or an amendment thereto to
eliminate or limit the personal liability of a director for violations of the director's
fiduciary duty, except (i) for any breach of the director's duty of loyalty to the
corporation or its stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or a knowing violation of law, (iii) under section 174 of
the GCL (providing for liability of directors for unlawful payment of dividends or
unlawful stock purchases or redemptions), or (iv) for any transaction from which the
director derived an improper personal benefit.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
7(b) of the registrant's Restated Certificate of Incorporation and Article 6.4 of the
registrant's By-Laws provide for indemnification of directors, officers, employees and
agents to the fullest extent permitted by Section 145 of the GCL. Section 145 provides
that a corporation may indemnify any persons, including officers and directors, who are,
or are threatened to be made, parties to any threatened, pending or completed legal
action, suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the corporation) by reason of the fact that
such person is or was a director, officer, employee or agent of the corporation, or is or
was serving at the request of the corporation as a director, officer, employee or agent of
another corporation or other enterprise. The indemnity may include expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection with such action, suit or proceeding if the person acted in good
faith and in a manner believed to be in or not opposed to the best interests of the
corporation, and had no reasonable cause to believe his/her conduct was unlawful. </font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
145 of the GCL further provides that a corporation may indemnify officers and directors in
actions by or in the right of the corporation under the same conditions, except that no
indemnification is permitted without judicial approval if the person is adjudged to be
liable to the corporation. Where an officer or director is successful on the merits or
otherwise in the defense of any action referred to above, the corporation must indemnify
that person against expenses actually and reasonably incurred. Under the registrant's
By-Laws, for indemnification purposes, an employee or agent shall be deemed to have acted
in good faith only if his or her actions were within the scope of employment as defined by
an agreement with the registrant or the rules and regulations established by the
registrant or an authorized officer thereof.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registrant has in effect a directors and officers liability insurance policy which, with
certain general and specific exclusions, indemnifies each person who was, is or may
hereafter be a director or officer of the registrant and such person's heirs and assigns,
against any payment by an insured (except fines and penalties) in respect of any legal
liability, whether actual or asserted, arising from any claim made against an insured by
reason of any breach of duty, neglect, error, misstatement, misleading statement, omission
or other act done or wrongfully attempted by the insured, in his capacity as a director or
officer of the registrant, or any of the foregoing so alleged by any claimant, or any
matter claimed against an insured solely by reason of his being or having been a director
or officer of the registrant. The policy may be canceled by the insurer upon 60 days'
written notice to the registrant. To the extent that such insurance covers liabilities
arising under the Securities Act of 1933, no waivers or undertakings are made by the
registrant with respect thereto, except as set forth in Item 9 of this Registration
Statement.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registrant is a party to indemnity agreements with its officers and directors which
provide indemnification to the fullest extent permitted by law in the event the indemnitee
is or becomes a party to or witness or other participant in, or is threatened to be made a
party to or witness or other participant in any threatened, pending or completed action,
suit or proceeding, or any inquiry or investigation, whether instituted by the registrant
or any other party, that the indemnitee in good faith believes might lead to the
institution of any such action, suit or proceeding, whether civil, criminal,
administrative, investigative or other by reason of (or arising in part out of) any event
or occurrence related to the fact that such person is or was a director, officer,
employee, agent or fiduciary of the registrant, or is or was serving at the request of the
registrant as a director, officer, employee, trustee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise,
or by reason of anything done or not done by the indemnitee in any such capacity. The
indemnification includes any and all expenses (including attorneys' fees), judgments,
fines, penalties and amounts paid in settlement (including all interest, assessments and
other charges paid or payable in connection with or in respect of such expenses,
judgments, fines, penalties or amounts paid in settlement). However, the indemnitee is not
entitled to indemnity payments or expense advances in connection with any threatened,
pending or completed action, suit or proceeding, or any inquiry or investigation initiated
by the indemnitee unless the Board of Directors of the registrant has authorized or
consented to the initiation of such claim. In the event of a Change in Control (as defined
in such agreements) that has not been approved by a majority of the registrant's Board of
Directors who were directors immediately prior to such Change in Control, then with
respect to all matters thereafter arising concerning the rights of the indemnitee to
indemnity payments and expense advances under the indemnification agreements, any other
agreement, Certificate of Incorporation or By-Law provision in effect, the registrant is
required to seek legal advice from independent legal counsel selected by the indemnitee
and approved by the registrant (which approval shall not be unreasonably withheld) which
legal advice includes the rendering of an opinion to the registrant and indemnitee as to
whether and to what extent the indemnitee would be permitted to be indemnified under
applicable law.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 7</b></u>. <u><b>Exemption from Registration
Claimed</b></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font face="Arial">Item 8</b></u>. <u><b>Exhibits</b></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the Exhibit Index which appears at page 10 of this Registration Statement for a
detailed list of the exhibits filed as a part hereof.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
lieu of an opinion of counsel concerning compliance with the requirements of ERISA and in
lieu of a determination letter from the Internal Revenue Service (&quot;IRS&quot;)stating
that the Plan is qualified under Section 401 of the Internal Revenue Code of 1986, as
amended, the Registrant hereby undertakes to submit the Plan and any amendment thereto to
the IRS in a timely manner and to make all changes required by the IRS in order to qualify
the Plan.<br>
<u><b><br>
Item 9</b></u>. <u><b>Undertakings</b></u>.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
&nbsp;&nbsp; The undersigned registrant hereby undertakes:</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective
date of the Registration Statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate, represent a fundamental change in the information
set forth in the Registration Statement;</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement;</font></p>
<u>

<p ALIGN="JUSTIFY"></u><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Provided</u>,
<u>however</u>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the Registration
Statement.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;To
remove from registration by means of post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual report
pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan's annual report pursuant to
section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities under the Securities Act of 1933 may be permitted to
directors, officers and controlling persons of the registrant pursuant to the provisions
described in Item 6 hereof, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of
expenses incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and will be
governed by the final adjudication of such issue.</font></p>

<p ALIGN="center"><u><b><font face="Arial">SIGNATURES</font></p>
</b></u>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Wyomissing, Pennsylvania, on March
28, 2001.</font></p>

<p ALIGN="left">&nbsp;</p>

<p ALIGN="left"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CARPENTER
TECHNOLOGY CORPORATION<br>
</font></p>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:<u>
&nbsp;&nbsp;s/Robert W.
Cardy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert
W. Cardy<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman
of the Board<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&amp;
Chief Executive&nbsp;Officer<br>
</font><u></p>
</u>

<p ALIGN="JUSTIFY"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by or on behalf of the following persons in the capacities indicated on March
28, 2001.</font></p>

<p>&nbsp;</p>

<table border="0" width="100%" height="1806">
  <tr>
    <td width="50%" height="19"><p align="left"><font face="Arial">&nbsp;&nbsp;&nbsp;&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>Signature</u></font></td>

    <td width="50%" height="19"><p align="left"><font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Title</u></font></td>
  </tr>
  <tr>
    <td width="50%" height="23"></td>
    <td width="50%" height="23"></td>
  </tr>
  <tr>
    <td width="50%" height="73"><font face="Arial"><u>s/Robert W. Cardy&nbsp;&nbsp;&nbsp;
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
    </u>Robert W. Cardy<br>
    <br>
    </font></td>
    <td width="50%" height="73"><font face="Arial">Chairman of the Board,<br>
    Chief Executive Officer and<br>
    Director<br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="54"><font face="Arial"><u>s/Dennis M.
    Draeger&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
    Dennis M. Draeger<br>
    </font></td>
    <td width="50%" height="54"><font face="Arial">President, Chief Operating Officer<br>
    and Director<br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="54"><font face="Arial"><u>s/Terrence E.
    Geremski&nbsp;&nbsp;&nbsp;&nbsp;&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>
    Terrence E. Geremski<br>
    </font></td>
    <td width="50%" height="54"><font face="Arial">Senior Vice President - Finance<br>
    and Chief Financial Officer<br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="54"><font face="Arial"><u>s/Richard D.
    Chamberlain&nbsp;&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>
    Richard D. Chamberlain<br>
    </font></td>
    <td width="50%" height="54"><font face="Arial">Vice President and Corporate<br>
    Controller<br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Marcus C. Bennett<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    William S. Dietrich II<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *C. McCollister Evarts, M.D.<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *J. Michael Fitzpatrick<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *William J. Hudson, Jr.<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    Robert J. Lawless<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Marlin Miller, Jr.<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Robert N. Pokelwaldt<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Peter C. Rossin<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Kathryn C. Turner<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    Stephen M. Ward, Jr.<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="55"><font face="Arial"><strong><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></strong><br>
    *Kenneth L. Wolfe<br>
    </font></td>
    <td width="50%" height="55"><font face="Arial">Director<br>
    <br>
    </font></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="18"></td>
    <td width="50%" height="18"></td>
  </tr>
  <tr>
    <td width="50%" height="72"><font face="Arial"><u>*By:&nbsp;&nbsp;s/John R.
    Welty&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>&nbsp;<br>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John R. Welty<br>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-in-Fact,<br>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Power of Attorney</font></td>
    <td width="50%" height="72"><br>
    </td>
  </tr>
</TABLE>

<p>&nbsp;</p>
</body>
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{"company-data": {"conformed-name": "CARPENTER TECHNOLOGY CORP", "cik": "0000017843", "assigned-sic": "3312", "irs-number": "230458500", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-57774", "film-number": "1582415"}, "business-address": {"street1": "1047 N PARK ROAD", "city": "WYOMISSING", "state": "PA", "zip": "19610-1339", "phone": "6102082000"}, "mail-address": {"street1": "1047 N PARK ROAD", "city": "WYOMISSING", "state": "PA", "zip": "19610"}}
Carpenter Technology Corporation Form S-8
As filed with the Securities and Exchange Commission on
March 28, 2001
File
No.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
___________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________
CARPENTER TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or
organization)
23-0458500
(I.R.S. Employer Identification No.)
1047 North Park Road
Wyomissing, Pennsylvania
(Address of principal executive offices)
19610-1339
(Zip Code)
STOCK-BASED INCENTIVE COMPENSATION PLAN
FOR OFFICERS AND KEY EMPLOYEES
(Full title of the plan)
John R. Welty
Vice President, General Counsel and Secretary
Carpenter Technology Corporation
1047 North Park Road
Wyomissing, Pennsylvania     19610-1339
(Name and address of agent for service)
(610) 208-2000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of
securities
to be
registered
Amount
to be
registered
Proposed
maximum
offering
price per
share (1)
Proposed
maximum
aggregate
offering
price (1)
Amount of
registration
fee
Common Stock,
par value $5 per
share
1,800,000
shares (2)
$27.85
$50,130,000
$12,532.50
(1)  Estimated solely for the purpose of computing the registration fee in
accordance
with
paragraphs (c) and (h) of Rule 457 under the Securities Act of 1933 on the
basis of the
average of the high and low prices of the Common Stock of $28.65
and $27.05
respectively, as reported on the New York Stock Exchange-
Composite
Transactions Tape on March 22, 2001.
(2)  Also registered hereby are such additional indeterminate number of shares
of
Common Stock
of Carpenter Technology Corporation or other securities as may
become issuable upon exercise of purchase rights or otherwise by reason of
adjustments pursuant
to the anti-dilution provisions of the Plan.
PART II
.
INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT
.
Item 3
.
Incorporation
of Documents by Reference
.
The
following documents filed with the Commission by the registrant pursuant to the
requirements of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") are incorporated hereby by reference:
(a)
  Annual Report on Form 10-K for the year ended June 30, 2000;
(b)   Quarterly Reports on Form
10-Q for the quarters ended
September 30, 2000 and December 31, 2000; and
(c)   Description of the
registrant's Common Stock contained in the
registrant's Registration Statement on Form 8-A, as the same has been
and may be amended.
In addition, all documents subsequently
filed by the registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing with the Commission of a post-effective
amendment which (i) indicates that all securities registered hereby have been sold or (ii)
effects the deregistration of the balance of such securities then remaining unsold shall
be deemed to be incorporated herein by reference and to be a part hereof from the date of
filing of such documents.
Item 4
.
Description of Securities
.
Not
applicable.
Item 5
.
Interests of Named Experts
and Counsel
.
Not
applicable.
Item 6
.
Indemnification of Directors
and Officers
.
Article
7(a) of the registrant's Restated Certificate of Incorporation provides for the
elimination of liability of directors to the fullest extent permitted by Section 102(b)(7)
of the Delaware General Corporation Law (the "GCL"). Section 102(b)(7) allows a
corporation in its original certificate of incorporation or an amendment thereto to
eliminate or limit the personal liability of a director for violations of the director's
fiduciary duty, except (i) for any breach of the director's duty of loyalty to the
corporation or its stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or a knowing violation of law, (iii) under section 174 of
the GCL (providing for liability of directors for unlawful payment of dividends or
unlawful stock purchases or redemptions), or (iv) for any transaction from which the
director derived an improper personal benefit.
Article
7(b) of the registrant's Restated Certificate of Incorporation and Article 6.4 of the
registrant's By-Laws provide for indemnification of directors, officers, employees and
agents to the fullest extent permitted by Section 145 of the GCL. Section 145 provides
that a corporation may indemnify any persons, including officers and directors, who are,
or are threatened to be made, parties to any threatened, pending or completed legal
action, suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the corporation) by reason of the fact that
such person is or was a director, officer, employee or agent of the corporation, or is or
was serving at the request of the corporation as a director, officer, employee or agent of
another corporation or other enterprise. The indemnity may include expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred in connection with such action, suit or proceeding if the person acted in good
faith and in a manner believed to be in or not opposed to the best interests of the
corporation, and had no reasonable cause to believe his/her conduct was unlawful.
Section
145 of the GCL further provides that a corporation may indemnify officers and directors in
actions by or in the right of the corporation under the same conditions, except that no
indemnification is permitted without judicial approval if the person is adjudged to be
liable to the corporation. Where an officer or director is successful on the merits or
otherwise in the defense of any action referred to above, the corporation must indemnify
that person against expenses actually and reasonably incurred. Under the registrant's
By-Laws, for indemnification purposes, an employee or agent shall be deemed to have acted
in good faith only if his or her actions were within the scope of employment as defined by
an agreement with the registrant or the rules and regulations established by the
registrant or an authorized officer thereof.
The
registrant has in effect a directors and officers liability insurance policy which, with
certain general and specific exclusions, indemnifies each person who was, is or may
hereafter be a director or officer of the registrant and such person's heirs and assigns,
against any payment by an insured (except fines and penalties) in respect of any legal
liability, whether actual or asserted, arising from any claim made against an insured by
reason of any breach of duty, neglect, error, misstatement, misleading statement, omission
or other act done or wrongfully attempted by the insured, in his capacity as a director or
officer of the registrant, or any of the foregoing so alleged by any claimant, or any
matter claimed against an insured solely by reason of his being or having been a director
or officer of the registrant. The policy may be canceled by the insurer upon 60 days'
written notice to the registrant. To the extent that such insurance covers liabilities
arising under the Securities Act of 1933, no waivers or undertakings are made by the
registrant with respect thereto, except as set forth in Item 9 of this Registration
Statement.
The
registrant is a party to indemnity agreements with its officers and directors which
provide indemnification to the fullest extent permitted by law in the event the indemnitee
is or becomes a party to or witness or other participant in, or is threatened to be made a
party to or witness or other participant in any threatened, pending or completed action,
suit or proceeding, or any inquiry or investigation, whether instituted by the registrant
or any other party, that the indemnitee in good faith believes might lead to the
institution of any such action, suit or proceeding, whether civil, criminal,
administrative, investigative or other by reason of (or arising in part out of) any event
or occurrence related to the fact that such person is or was a director, officer,
employee, agent or fiduciary of the registrant, or is or was serving at the request of the
registrant as a director, officer, employee, trustee, agent or fiduciary of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise,
or by reason of anything done or not done by the indemnitee in any such capacity. The
indemnification includes any and all expenses (including attorneys' fees), judgments,
fines, penalties and amounts paid in settlement (including all interest, assessments and
other charges paid or payable in connection with or in respect of such expenses,
judgments, fines, penalties or amounts paid in settlement). However, the indemnitee is not
entitled to indemnity payments or expense advances in connection with any threatened,
pending or completed action, suit or proceeding, or any inquiry or investigation initiated
by the indemnitee unless the Board of Directors of the registrant has authorized or
consented to the initiation of such claim. In the event of a Change in Control (as defined
in such agreements) that has not been approved by a majority of the registrant's Board of
Directors who were directors immediately prior to such Change in Control, then with
respect to all matters thereafter arising concerning the rights of the indemnitee to
indemnity payments and expense advances under the indemnification agreements, any other
agreement, Certificate of Incorporation or By-Law provision in effect, the registrant is
required to seek legal advice from independent legal counsel selected by the indemnitee
and approved by the registrant (which approval shall not be unreasonably withheld) which
legal advice includes the rendering of an opinion to the registrant and indemnitee as to
whether and to what extent the indemnitee would be permitted to be indemnified under
applicable law.
Item 7
.
Exemption from Registration
Claimed
.
Not
applicable.
Item 8
.
Exhibits
.
Reference
is made to the Exhibit Index which appears at page 10 of this Registration Statement for a
detailed list of the exhibits filed as a part hereof.
In
lieu of an opinion of counsel concerning compliance with the requirements of ERISA and in
lieu of a determination letter from the Internal Revenue Service ("IRS")stating
that the Plan is qualified under Section 401 of the Internal Revenue Code of 1986, as
amended, the Registrant hereby undertakes to submit the Plan and any amendment thereto to
the IRS in a timely manner and to make all changes required by the IRS in order to qualify
the Plan.
Item 9
.
Undertakings
.
(a)
   The undersigned registrant hereby undertakes:
(1)   To
file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i)   To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
  To reflect in the prospectus any facts or events arising after the effective
date of the Registration Statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate, represent a fundamental change in the information
set forth in the Registration Statement;
(iii)  
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement;
Provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the Registration
Statement.
(2)   That,
for the purpose of determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(3)   To
remove from registration by means of post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
(b)
 The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual report
pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan's annual report pursuant to
section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(c)   Insofar
as indemnification for liabilities under the Securities Act of 1933 may be permitted to
directors, officers and controlling persons of the registrant pursuant to the provisions
described in Item 6 hereof, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of
expenses incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and will be
governed by the final adjudication of such issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Wyomissing, Pennsylvania, on March
28, 2001.
CARPENTER
TECHNOLOGY CORPORATION
By:
s/Robert W.
Cardy
Robert
W. Cardy
Chairman
of the Board
&
Chief Executive Officer
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by or on behalf of the following persons in the capacities indicated on March
28, 2001.
Signature
Title
s/Robert W. Cardy
Robert W. Cardy
Chairman of the Board,
Chief Executive Officer and
Director
s/Dennis M.
    Draeger
Dennis M. Draeger
President, Chief Operating Officer
and Director
s/Terrence E.
    Geremski
Terrence E. Geremski
Senior Vice President - Finance
and Chief Financial Officer
s/Richard D.
    Chamberlain
Richard D. Chamberlain
Vice President and Corporate
Controller
*Marcus C. Bennett
Director
William S. Dietrich II
Director
*C. McCollister Evarts, M.D.
Director
*J. Michael Fitzpatrick
Director
*William J. Hudson, Jr.
Director
Robert J. Lawless
Director
*Marlin Miller, Jr.
Director
*Robert N. Pokelwaldt
Director
*Peter C. Rossin
Director
*Kathryn C. Turner
Director
Stephen M. Ward, Jr.
Director
*Kenneth L. Wolfe
Director
*By:  s/John R.
    Welty
John R. Welty
Attorney-in-Fact,
Pursuant to Power of Attorney