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): September 30, 1997
COMMUNITY SAVINGS BANKSHARES, INC.
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(Exact name of registrant as specified in its charter)
United States 0- 65 - 0780334
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
660 U.S. Highway One, North Palm Beach, Florida 33408
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 888-2212
Not Applicable
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(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant.
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After the close of business on September 30, 1997, Community Savings
Bankshares, Inc. (the "Company") became a thrift holding company in accordance
with the terms of an Agreement and Plan of Reorganization, dated August 4, 1997
(the "Agreement"), by and between Community Savings, F. A. (the "Association"),
a federally chartered stock savings association, Community Interim Federal
Savings Association ("Interim"), an interim federally chartered stock savings
association, and the Company, a federally chartered stock corporation. Pursuant
to the Agreement: (1) the Company was organized as a wholly owned subsidiary of
the Association; (2) Interim was organized as a wholly owned subsidiary of the
Company; (3) Interim merged with and into the Association, with the Association
as the surviving institution, and (4) upon such merger, (i) the outstanding
shares of common stock, par value $1.00 per share, of the Association became, by
operation of law, on a one-for-one basis, common stock, par value $1.00 per
share, of the Company, (ii) the common stock of Interim held by the Company was
converted into common stock of the Association and (iii) the common stock of the
Company held by the Association was cancelled. Accordingly, the Association
became a wholly owned subsidiary of the Company and the shareholders of the
Association became shareholders of the Company.
The Common Stock of the Association was previously registered under Section
12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
with the Office of Thrift Supervision. Pursuant to Rule 12g-3 promulgated under
the Exchange Act, the Company's Common Stock is deemed automatically registered
under the Exchange Act. In addition, the Common Stock of the Company has been
substituted for the Common Stock of the Association on the Nasdaq National
Market under the symbol "CMSV."
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements of Business Acquired
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Not applicable.
(b) Pro Forma Financial Information
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Not applicable.
(c) Exhibits
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(2) Agreement and Plan of Reorganization
(3.1) Certificate of Incorporation of Community Savings
Bankshares, Inc.
(3.2) Bylaws of Community Savings Bankshares, Inc.
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(4.0) Form of Stock Certificate of Community Savings
Bankshares, Inc.
(99) Press Release, dated October 1, 1997.
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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, thereunto duly authorized.
COMMUNITY SAVINGS BANKSHARES, INC.
By: /s/ James B. Pittard
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James B. Pittard, Jr.
President and Chief Executive Officer
Dated: October 1, 1997
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