UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July 5~~October 9, 2013

CAPITOL CITY BANCSHARES, INC.

(Exact name of Registrant as Specified in Charter)

Georgia	000-25227	58-2452995
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or Other Jurisdictionof Incorporation)	(CommissionFile Number)	(I.R.S. EmployerIdentification No.)

562 Lee Street, SW, Atlanta, GA 30310

(Address of Principal Executive Offices)

404-752-6067

Registrant’s telephone number, including area code

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 45.02 ~~Non-reliance~~Departure onof ~~Previously~~Directors ~~Issued~~or ~~Financial~~Certain ~~Statements~~Officers; orElection ~~Related~~of ~~Audit~~Directors; ~~Report~~Appointment orof ~~Completed~~Certain ~~Interim~~Officers; ~~Review~~Compensatory Arrangements of Certain Officers.

1.(b) OnEffective ~~July~~October 19, 2013, ~~management,~~George ~~the~~Andrews ~~Audit~~resigned ~~Committee~~as President and ~~the~~Chief ~~Board~~Executive ofOfficer ~~Directors~~ of Capitol City Bancshares, Inc. (the “Company”) ~~determined~~and ~~that~~its ~~certain~~subsidiary ~~adjustments~~Capitol toCity ~~the~~Bank and Trust Company’s ~~financial~~(the ~~statements~~“Bank”). ~~for~~Mr. Andrews has advised the ~~first~~Company ~~quarter~~that ofhis ~~2013~~resignation ~~ended~~was ~~March 31,~~not ~~2013,~~due ~~were~~to ~~necessary~~any ~~based~~disagreement ~~upon~~with ~~management’s~~the ~~ongoing~~Company. ~~investigation~~Mr. Andrews will continue as an employee of the ~~employee~~Company ~~fraud~~in ~~loss and~~a ~~corresponding~~non-executive ~~recognition~~officer ofposition, ~~amounts~~concentrating ~~receivable~~on capital raising initiatives.

2.(c) ~~Through~~Effective ~~management’s continued review of the subsidiary~~October 9, ~~bank’s receivable for an insurance claim on employee fraud loss~~2013, ~~it was determined~~ the ~~amount~~board ~~included~~of asdirectors aappointed ~~receivable~~John ~~for~~Turner ~~$833,000~~as ~~should~~President ~~be written off~~ and ~~recorded~~Chief asExecutive anOfficer ~~expense. Due to this determination, the Company is in the process~~ of ~~restating~~ ~~and~~Capitol ~~amending~~City ~~its~~Bank ~~quarterly information filed with regulatory authorities~~ and ~~its~~Trust ~~Form 10-Q related to the quarter ended March 31, 2013. This restatement will reduce the~~ Company’s ~~assets, equity~~ and ~~net~~Interim ~~income~~President ~~for the three months ended March 31, 2013,~~ and ~~will~~Chief ~~have~~Executive aOfficer ~~corresponding effect on the related disclosures and ratios. As such, the financial information as~~ of ~~and for~~ the ~~three months ended March 31, 2013, which was reported in Form 10-Q filed on May 14, 2013, should no longer be relied on. The~~ Company ~~intends to file an amended quarterly report on Form 10-Q/A as soon as reasonably practicable~~. ~~The Company will amend any disclosures regarding management~~Mr. Turner’s ~~evaluation~~interim ofappointment ~~internal~~as ~~controls over~~an ~~financial~~officer ~~reporting~~of asthe ~~appropriate~~Company inis ~~connection~~pending ~~with~~regulatory ~~its future filings with the Commission~~approval.

3Mr. Turner ~~The~~brings ~~Board~~over 25 years of ~~Directors~~experience in the banking industry and ~~Management~~ has served ~~discussed~~as Chief Operating Officer for the ~~matters~~Bank ~~disclosed~~since inMay ~~this~~of ~~Item 4~~2010.02 ofPrior ~~this~~to ~~Current~~his ~~Report~~joining onthe ~~Form~~Bank, ~~8-K~~Mr. Turner ~~with~~was ~~the~~President ~~Company’s~~and ~~independent~~Chief ~~registered~~Executive ~~public~~Officer ~~accounting~~of ~~firm~~Regional Bank of Middle Georgia in Macon, Georgia from 2007 to 2010.

There are no family relationships between Mr. Turner and any of the Company’s directors or executive officers, and the Company has not entered into any transactions with Mr. Turner that are reportable pursuant to Item 404(a) of Regulation S-K. The Company has not entered into an employment contract with Mr. Turner.

Item 9.01

Financial Statements and Exhibits

(c)

Exhibits

The following exhibit is being filed as part of this Report on Form 8-K:

None.

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.

	~~CAPITOL CITY BANCSHARES, INC.~~	CAPITOL CITY BANCSHARES, INC.
DATE: July 5, 2013	By:	/s/ George G. Andrews
DATE: October 15, 2013		By:	/s/ John Turner
	~~Name:~~	~~George G. Andrews~~Name:	John Turner
	~~Title:~~	~~President and Chief Executive Officer~~Title:	Interim President and Chief Executive Officer

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