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): September 19, 2005
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Citizens South Banking Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-23971 54-2069979
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification No.)
519 South New Hope Road, Gastonia, North Carolina 28054
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(Address of principal executive offices) (Zip Code)
704-868-5200
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CRF 240.13e-4(c))
1
Item 1.01. Entry into a Material Definitive Agreement.
On September 19, 2005 Citizens South Banking Corporation ("Citizens
South") entered into an indemnification agreement with Mr. Kim S. Price with
respect to Mr. Price's service as a director of a company in which Citizens
South has an equity investment. The indemnification agreement is attached as
Exhibit 10.31 to this Current Report.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
10.31. Indemnification Agreement dated September 19, 2005 between
Citizens South Banking Corporation and Kim S. Price.
SIGNATURE
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.
CITIZENS SOUTH BANKING CORPORATION
Dated: September 23, 2005 By: /s/ Paul L. Teem, Jr.
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Paul L. Teem, Jr.
Executive Vice President and
Chief Adminstrative Officer
(Duly authorized representative)