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): December 28, 1999 South Street Financial Corp. ------------------------------------------------------ (Exact name of registrant as specified in its charter) 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 28001 ------------------------------- (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 8. Changes in Fiscal Year On December 28, 1999, the Board of Directors of South Street Financial Corp. (the "Registrant") approved changing the Registrant's fiscal year from September 30 to December 31. The Registrant intends to file a Form 10-Q covering the transaction period on or before February 14, 2000. 2 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: January 5, 2000 By: /s/ Carl M. Hill ------------------------------------ Carl M. Hill, President and Chief Executive Officer 3