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style="font-weight:bold;">UNITED STATES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Washington, D.C. 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">_______________________________________________</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:18pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">FORM </b><ix:nonNumeric contextRef="Duration_1_20_2021_To_1_20_2021_WfH-bZiT9Een18kkyWH0vw" name="dei:DocumentType" id="Narr_a7ih_9w1j0O9lAotM7tDig"><b 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id="Tc_gdr4mUDfPUGsspatYJKLnQ_1_0"></a><a id="Tc_tlFPbMtoJkeXUIZB8M0omQ_1_2"></a><a id="Tc_TdIsi1Lqk0iKV0AGzZfc-Q_1_4"></a><a id="Tc_8bPbqunQIUyvzabOLOCa1g_2_4"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:31.47%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:1.88%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:21.76%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:1.88%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:43%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr><td style="vertical-align:bottom;width:31.47%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 2pt 0pt;">Title of each class</p></td><td style="vertical-align:bottom;width:1.88%;border-bottom:1.0pt solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 2pt 0pt;">&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;width:21.76%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 2pt 0pt;">Trading Symbol(s)</p></td><td style="vertical-align:bottom;width:1.88%;border-bottom:1.0pt solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 2pt 0pt;">&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;width:43%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 2pt 0pt;">Name of each exchange on which registered</p></td></tr><tr><td style="vertical-align:top;width:31.47%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New 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style="vertical-align:bottom;width:1.88%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 2pt 0pt;">&#160;</p></td><td style="vertical-align:top;width:43%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 3pt 0pt;"><ix:nonNumeric contextRef="Duration_1_20_2021_To_1_20_2021_WfH-bZiT9Een18kkyWH0vw" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="Narr_sxToRlpkWkuWLGqiyiWDig"><b style="font-size:10pt;font-weight:bold;">The Nasdaq Stock Market LLC</b></ix:nonNumeric><b style="font-size:10pt;font-weight:bold;"><br /></b><b style="font-size:10pt;font-weight:bold;">(Nasdaq Global Select Market)</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:6pt 0pt 6pt 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;"><span style="font-size:10pt;">Emerging growth company </span><ix:nonNumeric contextRef="Duration_1_20_2021_To_1_20_2021_WfH-bZiT9Een18kkyWH0vw" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="Narr_h8axGpXgXU-hV7PmhAcDpg"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for 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<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:72pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">Item 5.02. </b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;font-style:italic;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:10.0pt;text-align:justify;text-indent:36pt;margin:0pt;"><i style="font-style:italic;">2021 Performance M</i>easures Set for the STI Plan</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:10.0pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:10.0pt;text-align:justify;text-indent:36pt;margin:0pt;">On January 20, 2021, the Compensation Committee of the Board of Atlantic Capital Bancshares, Inc. (the &#8220;Company&#8221;), pursuant to authority delegated to it by the Board, established performance goals under the Atlantic Capital Bancshares, Inc. Executive Officer Short Term Incentive Plan (the &#8220;STI Plan&#8221;) for the performance period ending December 31, 2021. The Compensation Committee selected Douglas L. Williams, Patrick T. Oakes and Richard A. Oglesby, Jr., in addition to other key employees, to participate in the STI Plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:10.0pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:13.2pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 8pt 0pt;">Performance goals established under the STI Plan for 2021 are based on (i) the Company&#8217;s ratio of non-performing assets to total assets, (ii) the Company&#8217;s pre-tax, pre-incentive operating income and (iii) certain business unit/departmental and individual performance objectives. A threshold ratio of non-performing assets to total assets must be achieved before any bonus under the STI Plan is paid, and otherwise the bonus opportunity is based upon achievement of the performance goals at threshold, target and maximum performance levels (with interpolation between the levels), with bonus amounts ranging between 20% to 60% of base salary for selected executives other than Mr. Williams and between 25% to 75% of base salary for Mr. Williams. 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Oglesby, in addition to other key employees, to participate in the LTI Plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:13.2pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 8pt 0pt;">Performance goals established under the LTI Plan for the 2021-23 Performance Period include: (i) three-year average earnings per share growth and (ii) three-year total shareholder return relative to the KBW Nasdaq Regional Banking Index, with each performance metric equally weighted. Bonus opportunity is based upon achievement of the given performance metric at threshold, target and maximum performance levels (with linear interpolation between the levels). No bonus will be paid for a performance metric if threshold performance for that metric is not obtained. Target bonus amounts are expressed in dollars equaling 40% of the executive&#8217;s base salary, or 50% in the case of Mr. Williams. Bonuses are subject to a maximum of 200% of the target amount. 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Williams</p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;white-space:nowrap;width:24.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">$568,000</p></td></tr><tr><td style="vertical-align:bottom;width:71.41%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><i style="font-style:italic;">Chief Executive Officer</i></p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:24.03%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;width:71.41%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Patrick T. Oakes</p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;white-space:nowrap;width:24.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">$365,000</p></td></tr><tr><td style="vertical-align:bottom;width:71.41%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><i style="font-style:italic;">Chief Financial Officer</i></p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:24.03%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;width:71.41%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Richard A. Oglesby, Jr.</p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;white-space:nowrap;width:24.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">$365,000</p></td></tr><tr><td style="vertical-align:bottom;width:71.41%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><i style="font-style:italic;">General Banking Division Executive</i></p></td><td style="vertical-align:top;width:4.55%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:24.03%;margin:0pt;padding:0pt 6.5pt 0pt 6.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;">&#160;</p></td></tr></table></div></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;width:234pt;"></span><span style="visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:13.2pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 8pt 0pt;"><i style="font-style:italic;">Award Agreements</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:13.2pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 8pt 0pt;">In connection with the adoption of the Atlantic Capital Bancshares, Inc. Executive Severance and Change in Control Plan (the &#8220;Severance Plan&#8221;), previously filed as Exhibit 10.2 on the Company&#8217;s Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 21, 2020, the Compensation Committee of the Board approved certain updated award agreements, including (i) an updated Performance Share Award Agreement (for Severance Plan Participants); (ii) an updated Restricted Stock Unit Agreement (for Severance Plan Participants); (iii) an updated Restricted Stock Award Agreement (for Severance Plan Participants); and (iv) an updated Stock Option Agreement (for Severance Plan Participants), for use under the Company&#8217;s 2015 Stock Incentive Plan, as amended and restated (the &#8220;2015 Plan&#8221;) to reflect a participant&#8217;s participation in, and obligation to comply with the protective covenants under, the Severance Plan, and to reflect certain additional minor modifications. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:13.2pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 8pt 0pt;">Copies of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants) are filed as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and are incorporated herein by reference. The foregoing descriptions of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants) are qualified in their entirety by reference to the full texts of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-left:72pt;text-indent:-72pt;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">Item 9.01. </b></span><b style="font-weight:bold;">Financial Statements and Exhibits.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><i style="font-style:italic;">(d) Exhibits</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;font-style:italic;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;font-style:italic;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;text-decoration:underline;text-decoration-color:#000000;">Exhibit No.</b><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;"> </b></span><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Description</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><div style="padding-left:6.85pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:101.22%;"><tr style="height:1pt;"><td style="vertical-align:top;width:10.89%;margin:0pt;padding:0.25pt 3.84pt 0.25pt 3.84pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:89.1%;margin:0pt;padding:0.25pt 1.25pt 0.25pt 2.25pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr style="height:16.6pt;"><td style="vertical-align:top;width:10.89%;margin:0pt;padding:0.25pt 3.84pt 0.25pt 3.84pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 2pt;">10.1</p></td><td style="vertical-align:top;width:89.1%;margin:0pt;padding:0.25pt 1.25pt 0.25pt 2.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><a style="-sec-extract:exhibit;" href="acbi-20210120xex10d1.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.28;text-align:left;">Performance Share Award Agreement (for Severance Plan Participants)</span></a></p></td></tr><tr style="height:16.6pt;"><td style="vertical-align:top;width:10.89%;margin:0pt;padding:0.25pt 3.84pt 0.25pt 3.84pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 2pt;">10.2</p></td><td style="vertical-align:top;width:89.1%;margin:0pt;padding:0.25pt 1.25pt 0.25pt 2.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><a style="-sec-extract:exhibit;" href="acbi-20210120xex10d2.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.28;text-align:left;">Restricted Stock Unit Agreement (for Severance Plan Participants)</span></a></p></td></tr><tr style="height:16.6pt;"><td style="vertical-align:top;width:10.89%;margin:0pt;padding:0.25pt 3.84pt 0.25pt 3.84pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 2pt;">10.3</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 2pt;">10.4</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 2pt;">104</p></td><td style="vertical-align:top;width:89.1%;margin:0pt;padding:0.25pt 1.25pt 0.25pt 2.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><a style="-sec-extract:exhibit;" href="acbi-20210120xex10d3.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.28;text-align:left;">Restricted Stock Award Agreement (for Severance Plan Participants)</span></a></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><a style="-sec-extract:exhibit;" href="acbi-20210120xex10d4.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.28;text-align:left;">Stock Option Agreement (for Severance Plan Participants)</span></a></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;">Cover Page Interactive Data File (embedded within the Inline XBRL document)</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;width:234pt;"></span><span style="visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">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.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-indent:216pt;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 0pt 180pt;">ATLANTIC CAPITAL BANCSHARES, INC. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 216pt;">Dated:&#160;&#160;January 26, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt 0pt 0pt 216pt;"><span style="font-size:10pt;line-height:1.28;margin-bottom:8pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 216pt;">By: <span style="text-decoration:underline;text-decoration-color:#000000;">/s/ Patrick T. Oakes&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">       &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 216pt;">Name: Patrick T. Oakes</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:36pt;text-indent:-36pt;margin:0pt 0pt 0pt 216pt;">Title: &#160;&#160;Executive Vice President and<br />Chief Financial Officer</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;width:234pt;"></span><span style="visibility:hidden;">&#8203;</span></p></div></div>
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{"company-data": {"conformed-name": "Atlantic Capital Bancshares, Inc.", "cik": "0001461755", "assigned-sic": "6022", "irs-number": "205728270", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-37615", "film-number": "21552242"}, "business-address": {"street1": "RESURGENS PLAZA", "street2": "945 EAST PACES FERRY ROAD NE, STE 1600", "city": "ATLANTA", "state": "GA", "zip": "30326", "phone": "4049956050"}, "mail-address": {"street1": "RESURGENS PLAZA", "street2": "945 EAST PACES FERRY ROAD NE, STE 1600", "city": "ATLANTA", "state": "GA", "zip": "30326"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________
FORM
8-K
_______________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
January 20, 2021
(Date of earliest event reported)
Atlantic Capital Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Georgia
001-37615
20-5728270
(State or Other Jurisdiction
of Incorporation)
(Commission File
Number)
(I.R.S. Employer
Identification No.)
​
945 East Paces Ferry Rd. NE, Suite 1600
Atlanta
,
Georgia
30326
(Address of principal executive offices)
(Zip Code)
(
404
)
995-60
50
(Registrant's telephone number, including area code)
​
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))
Securities registered pursuant to Section 12(b) of the Act
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, no par value
ACBI
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
​
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
​
2021 Performance M
easures Set for the STI Plan
​
On January 20, 2021, the Compensation Committee of the Board of Atlantic Capital Bancshares, Inc. (the "Company"), pursuant to authority delegated to it by the Board, established performance goals under the Atlantic Capital Bancshares, Inc. Executive Officer Short Term Incentive Plan (the "STI Plan") for the performance period ending December 31, 2021. The Compensation Committee selected Douglas L. Williams, Patrick T. Oakes and Richard A. Oglesby, Jr., in addition to other key employees, to participate in the STI Plan.
​
Performance goals established under the STI Plan for 2021 are based on (i) the Company's ratio of non-performing assets to total assets, (ii) the Company's pre-tax, pre-incentive operating income and (iii) certain business unit/departmental and individual performance objectives. A threshold ratio of non-performing assets to total assets must be achieved before any bonus under the STI Plan is paid, and otherwise the bonus opportunity is based upon achievement of the performance goals at threshold, target and maximum performance levels (with interpolation between the levels), with bonus amounts ranging between 20% to 60% of base salary for selected executives other than Mr. Williams and between 25% to 75% of base salary for Mr. Williams. Any bonus earned under the STI Plan for 2021 will be paid in cash.
2021 Performance Measures Set for the LTI Plan
On January 20, 2021, the Compensation Committee of the Board, pursuant to authority delegated to it by the Board, established performance metrics under the Atlantic Capital Bancshares, Inc. Executive Officer Long Term Incentive Plan (as amended and restated) (the "LTI Plan") for the performance period January 1, 2021 - December 31, 2023 (the "2021-23 Performance Period"). The Compensation Committee selected Douglas L. Williams, Patrick T. Oakes and Richard A. Oglesby, in addition to other key employees, to participate in the LTI Plan.
Performance goals established under the LTI Plan for the 2021-23 Performance Period include: (i) three-year average earnings per share growth and (ii) three-year total shareholder return relative to the KBW Nasdaq Regional Banking Index, with each performance metric equally weighted. Bonus opportunity is based upon achievement of the given performance metric at threshold, target and maximum performance levels (with linear interpolation between the levels). No bonus will be paid for a performance metric if threshold performance for that metric is not obtained. Target bonus amounts are expressed in dollars equaling 40% of the executive's base salary, or 50% in the case of Mr. Williams. Bonuses are subject to a maximum of 200% of the target amount. Bonuses for the 2021-23 Performance Period under the LTI Plan will be evidenced by the issuance of performance share awards under the Atlantic Capital Bancshares, Inc. 2015 Stock Incentive Plan (as amended and restated) and settled in shares of Common Stock to the extent earned.
Base Salary
Effective March 1, 2021, the base salaries of our Chief Executive Officer, Chief Financial Officer and other named executive officer have been set as follows:
​
Officer
Base Salary
Douglas L. Williams
$568,000
Chief Executive Officer
Patrick T. Oakes
$365,000
Chief Financial Officer
Richard A. Oglesby, Jr.
$365,000
General Banking Division Executive
​
Award Agreements
In connection with the adoption of the Atlantic Capital Bancshares, Inc. Executive Severance and Change in Control Plan (the "Severance Plan"), previously filed as Exhibit 10.2 on the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 21, 2020, the Compensation Committee of the Board approved certain updated award agreements, including (i) an updated Performance Share Award Agreement (for Severance Plan Participants); (ii) an updated Restricted Stock Unit Agreement (for Severance Plan Participants); (iii) an updated Restricted Stock Award Agreement (for Severance Plan Participants); and (iv) an updated Stock Option Agreement (for Severance Plan Participants), for use under the Company's 2015 Stock Incentive Plan, as amended and restated (the "2015 Plan") to reflect a participant's participation in, and obligation to comply with the protective covenants under, the Severance Plan, and to reflect certain additional minor modifications.
Copies of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants) are filed as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and are incorporated herein by reference. The foregoing descriptions of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants) are qualified in their entirety by reference to the full texts of the Performance Share Award Agreement (for Severance Plan Participants), the Restricted Stock Unit Agreement (for Severance Plan Participants), the Restricted Stock Award Agreement (for Severance Plan Participants), and the Stock Option Agreement (for Severance Plan Participants).
​
Item 9.01.
Financial Statements and Exhibits.
​
(d) Exhibits
​
​
Exhibit No.
Description
​
​
10.1
Performance Share Award Agreement (for Severance Plan Participants)
10.2
Restricted Stock Unit Agreement (for Severance Plan Participants)
10.3
10.4
104
Restricted Stock Award Agreement (for Severance Plan Participants)
Stock Option Agreement (for Severance Plan Participants)
Cover Page Interactive Data File (embedded within the Inline XBRL document)
​
​
​
SIGNATURE
​
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.
​
ATLANTIC CAPITAL BANCSHARES, INC.
​
Dated:  January 26, 2021
​
By:
/s/ Patrick T. Oakes
Name: Patrick T. Oakes
Title:   Executive Vice President and
Chief Financial Officer
​
​