SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- 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 or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 5790 Widewaters Parkway, DeWitt, New York 13214 (Address of Principal Executive Offices) (Zip code) (315) 445-2282 (Registrant's Telephone Number, Including Area Code) ---------------------------------------------------------------------- (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. (the "Company") issued a press release announcing that its Board of Directors had authorized a share repurchase program. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description 99.1 Press Release dated June 9, 2003. 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 9, 2003 By: /s/ Sanford A. Belden ------------------------ Name: Sanford A. Belden Title: President and Chief Executive Officer