Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 12, 2008, Philip S. Demarest, who has been a member of our Board since 1964, informed Warwick Valley Telephone Company (the "Company") that he has decided not to stand for re-election at this year’s annual meeting, to be held on April 25, 2008, when his term of office as a Class III director expires.

Mr. Demarest joined the Company in 1959 and served in various positions including Vice President, Chief Financial Officer and Secretary and Treasurer of the Company until his retirement in 1998. Mr. Demarest currently serves as a member of the Audit and Budget Committees and had previously served as Chairman of the Audit Committee. Mr. Demarest will continue to serve on the Audit and Budget Committees until the end of his term.

Item 9.01 Financial Statements and Exhibits.

Press release entitled "WVT Announces Director Resignation," dated March 14, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit Index