SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: May 17, 2004 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.) 245 West Main Avenue, Gastonia, North Carolina 28052 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: 704-868-5200 Item 5. Other Events On May 17, 2004, Citizens South Banking Corporation issued a press release to announce that the Company's Board of Directors had authorized a repurchase of up to 10% of the Company's outstanding common stock. Item 7. Exhibits 99 Additional Exhibits: (a) Stock Repurchase Press Release 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, 2004 By: /s/ Kim S. Price ------------------------------------- Kim S. Price President and Chief Executive Officer By: /s/ Gary F. Hoskins ------------------------------------- Gary F. Hoskins Chief Financial Officer