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): May 17, 2010 ------------ Citizens South Banking Corporation ---------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-23971 54-2069979 - ------------------ ----------------------- ---------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 519 South New Hope Road, Gastonia, North Carolina 28054-4040 - --------------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: 704-868-5200 ------------ 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)) Item 8.01 Other Events On May 17, 2010, Citizens South Bank, the wholly-owned subsidiary of Citizens South Banking Corporation, announced the hiring of Anthony Newton Stancil as Senior Vice President and North Georgia Market President. Item 9.01 Financial Statements and Exhibits (a) Not Applicable. (b) Not Applicable. (c) Not Applicable (d) Exhibits. Exhibit 99.1 Text of press release announcing the hiring of Anthony Newton Stancil as Senior Vice President and North Georgia Market President. Exhibit 99.2 Severance Agreement with Anthony Newton Stancil dated May 17, 2010. 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. CITIZENS SOUTH BANKING CORPORATION DATE: May 17, 2010 By: /s/ Kim S. Price ------------------------------------ Kim S. Price President and Chief Executive Officer