UNITED STATES SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT ~~REPORT~~ ~~Pursuant~~REPORT

Pursuant to Section 13 orOR 15(d) of ~~the~~The Securities Exchange Act of 1934

~~Securities Exchange~~Date ~~Act~~of Report (Date of ~~1934~~earliest event reported) December 30, 2016

~~Date~~Citizens ofBancshares ~~report~~Corporation (~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported) May~~specified ~~25,~~in ~~2016~~its ~~(May 23, 2016~~charter)

Citizens Bancshares Corporation

Georgia	333-38509	58-1631302
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

(Exact name of registrant as specified in its charter)

Georgia

(State or other jurisdiction of incorporation)

333-38509	58-1631302
(Commission File Number)	(IRS Employer Identification No.)

230 Peachtree Street NW, Atlanta, Georgia, USA	30303
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (404) 659-5959

(~~Registrant’s~~Former ~~telephone~~name ~~number~~or former address, ~~including area~~if ~~code~~changed since last report.)

~~(Former~~Check ~~name~~the orappropriate ~~former~~box ~~address,~~below if ~~changed~~the Form 8-K filing is intended to simultaneously ~~since~~satisfy ~~last~~the ~~report)~~filing obligation of the registrant under any of the following provisions:

~~Check~~☐ Written ~~the~~communications ~~appropriate box~~pursuant ~~below if the Form 8-K filing is intended~~ to ~~simultaneously~~Rule ~~satisfy~~425 ~~the filing obligation of the registrant~~ under ~~any of~~ the Securities ~~following~~Act ~~provisions~~ (~~see~~17 ~~General~~CFR ~~Instruction A~~230.~~2. below~~425):

~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o~~ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~☐ Pre-commencement ~~5.07~~communications ~~Submission~~pursuant ofto ~~Matters~~Rule to14d-2(b) aunder the ~~Vote~~Exchange ofAct ~~Security~~(17 ~~Holders~~CFR 240.14d-2(b))

~~The~~☐ Pre-commencement ~~annual~~communications ~~meeting of shareholders of Citizens Bancshares Corporation (the “Company”) was held on May 23, 2016 (the “Annual Meeting”). Proxies for the Annual Meeting were solicited~~ pursuant to ~~Section~~Rule 1413e-4(ac) of under the ~~Securities~~ Exchange Act of(17 ~~1934,~~CFR ~~as amended~~240. ~~The matters listed below were submitted to a vote of the Company’s shareholders and the final voting results were as follows:~~13e-4(c))

~~Votes~~Item on8.01 ~~the~~Other ~~election of three (3) Class II directors to serve a three-year term expiring in 2019 were as follows:~~Events

Name	For	Withheld	Uncast	Broker Non-Votes
Robert L. Brown, Jr.	1,252,086	12,589	0	344,588
C. David Moody, Jr.	1,229,270	35,405	0	344,588
James E. Williams	1,252,101	12,574	0	344,588

On January 4, 2017, Citizens Bancshares Corporation (the “Registrant”) issued a press release announcing it has repurchased its TARP Community Development Capital Initiative Series C Preferred Shares from the U.S. Department of the Treasury. A copy of the press release issued by the Registrant is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

~~Votes~~Item on9.01 ~~the~~Financial ~~proposal to ratify the appointment of Elliott Davis Decosimo~~Statements, ~~LLC~~Pro asForma ~~the Company’s independent registered public accounting firm for the fiscal year ending December 31~~Information, ~~2016 were~~ asand ~~follows:~~Exhibits

For	Against	Abstentions	Broker Non-Votes
1,599,957	8,948	358	0

Exhibit 99.1

~~Votes~~Press onRelease ~~the~~of ~~proposal~~Registrant, todated ~~approve a non-binding resolution regarding~~January ~~the~~4, ~~compensation~~2017, ofannouncing ~~the~~repurchase ~~Company’s executive officers named in the Summary Compensation Table~~ of ~~the~~TARP ~~Company’s~~Community ~~Proxy Statement~~Development ~~for~~Capital ~~the~~Initiative ~~Annual~~Series ~~Meeting~~C ~~were~~Preferred ~~as follows*:~~Shares.

For	Against	Abstentions	Broker Non-Votes
1,177,377	24,742	62,556	344,588

Signature

*Pursuant ~~The~~to ~~Company~~the ~~must~~requirements of ~~include~~ the ~~non-binding~~Securities ~~resolution~~Exchange inAct ~~its proxy~~of ~~statement~~1934, ~~each~~as ~~year~~amended, asthe ~~long~~Registrant ashas itduly iscaused ~~participating~~this inreport ~~the~~to ~~U.S.~~be ~~Treasury~~signed ~~TARP~~on ~~CDCI~~its ~~Program~~behalf by the undersigned hereunto duly authorized.

~~Signatures~~CITIZENS BANCSHARES CORPORATION By: /s/ Cynthia N. Day Cynthia N. Day President and CEO

~~Pursuant~~Dated: January ~~to the requirements of the Securities Exchange Act of 1934~~4, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~2017

	CITIZENS BANCSHARES CORPORATION
Dated: May 25, 2016	By:	/s/ Cynthia N. Day
		Cynthia N. Day
		President & CEO

Filing Compare · CITIZENS BANCSHARES CORP /GA/