ITEM 8.01 Other Events

On March 17, 2009, the Board of Directors (the "Board") of GS Financial Corp. (the "Company"), pursuant to Articles 6.B and 6.D of the Company's Articles of Incorporation, re-aligned the classes of the Board and filled an existing vacancy in the 2010 class by appointing Albert J. Zahn, Jr., a current director and Chairman of the Board, to the class of directors whose terms will expire at the 2010 Annual Meeting of Stockholders. Such action was taken in order to make the Board's three classes of directors as nearly equal in number as possible, as called for by Article 6.B of the Articles of Incorporation. In addition, the Board reduced the number of directors to six. As a result of the Board's actions, the classes of the Board, which previously had three, two and one directors, have been re-aligned and each class of the Board now consists of two directors. The current terms of two directors, Messrs. Edward J. Bourgeois and Stephen L. Cory, will expire at the upcoming 2009 Annual Meeting of Stockholders and when their respective successors are elected and qualified. Messrs. Bourgeois and Cory have been re-nominated for three-year terms expiring in 2012.

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