SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 9, 2003
COMMUNITY BANK SYSTEM, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-11716 16-1213679
(State of Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
5790 Widewaters Parkway, DeWitt, New York 13214
(Address of Principal Executive Offices) (Zip code)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events and Regulation FD Disclosure.
On June 9, 2003, Community Bank System, Inc. announced that its
subsidiary, Benefit Plans Administrative Services, Inc., entered into an Asset
Purchase Agreement (the "Agreement") with PricewaterhouseCoopers LLP to acquire
its Upstate New York Global Human Resources Solutions practice group, as
disclosed in the attached press release.
The foregoing transaction is scheduled to close, subject to the
satisfaction of customary conditions contained in the Agreement, in the third
quarter of this fiscal year.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release, dated June 9, 2003, issued by Community
Bank System, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COMMUNITY BANK SYSTEM, INC.
Dated: June 20, 2003 By: /s/ Sanford A. Belden
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Name: Sanford A. Belden
Title: President and Chief Executive Officer
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