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): March 16, 2000 South Street Financial Corp. -------------------------------------- (Exact name of registrant as specified in its harter) North Carolina 0-21083 56-1973261 - ------------------------------ ----------- ------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 155 West South Street Albemarle, North Carolina ----------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (704) 982-9184 N/A ------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events On February 28, 2000, the Board of Directors of Home Savings Bank, SSB, elected the following Officers: (1) R. Ronald Swanner, President and Chief Operating Officer (2) Christopher F. Cranford, Treasurer and Chief Financial Officer (3) David L. Smith, Senior Vice President (4) Cris D. Turner, Senior Vice President (5) Janice M. Smith, Vice President (6) Robert W. Brown, Assistant Vice President (7) Kim M. Allen, Assistant Secretary Carl M. Hill remains Chief Executive Officer and Chairman of the Board of Directors. 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. SOUTH STREET FINANCIAL CORP. Date: March 16, 2000 By: /s/ R. Ronald Swanner -------------------------------- R. Ronald Swanner, Secretary