ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 20, 2012, Community Bank Shares of Indiana, Inc. issued a press release reporting the results of operations for the three months ended March 31, 2012 and third quarter dividend. A copy of the press release is attached as Exhibit 99.1 to this 8-K.

ITEM 5.03. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On May 15, 2012, at its Annual Meeting of Stockholders ("Annual Meeting"), Community Bank Shares of Indiana, Inc. ("CBIN") provided its stockholders the opportunity to vote, on a non-binding, advisory basis, on the frequency of future, non-binding, advisory votes concerning the compensation of its Named Executive Officers, as described in CBIN's annual proxy statement ("Say-on-Pay Votes"). The CBIN board of directors (the "Board") had recommended that stockholders vote in favor of holding Say-on-Pay Votes on an annual basis. At the Annual Meeting, 96.2% of the votes cast with respect to the Say-on-Pay Vote were in favor of holding such votes on an annual basis. Given that stockholders voted overwhelmingly in favor of the Board's recommendation, the Board, at its regular meeting held on July 17, 2012, voted in favor of submitting a Say-on-Pay vote to its stockholders at its next Annual Meeting to be held in 2013, while reserving the right to conduct future Say-on-Pay votes on a less frequent basis, based on factors such as discussions with stockholders and the adoption of material changes to compensation programs.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

EXHIBIT NO.

99.1 Community Bank Shares of Indiana, Inc. Press Release dated July 20, 2012