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 Date of Report (Date of earliest event reported): July 31, 2005 ------------- ATEL Capital Equipment Fund X, LLC - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 000-50687 68-0517690 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 600 California Street, 6th Floor, San Francisco, California 94108-2733 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 989-8800 -------------- N/A ------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. (b) and (d) As of July 31, 2005, Donald Carpenter, the registrant's principal accounting officer, resigned as controller of ATEL Capital Group and its affiliates, including ATEL Financial Services, LLC, the managing member of the registrant, and has thereby resigned as the registrant's principal accounting officer. Paritosh K. Choksi, executive vice president, chief financial officer and chief operating officer of ATEL Capital Group, ATEL Financial Services, LLC and their affiliates, has assumed the office of principal accounting officer of the registrant effective July 31, 2005. 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 thereunto duly authorized. Dated: August 1, 2005 ATEL Capital Equipment Fund X, LLC By ATEL Financial Services, LLC, Manager of Registrant By: /s/ PARITOSH K. CHOKSI ---------------------------------- Paritosh K. Choksi, Executive Vice President, Chief Financial Officer and Chief Operating Officer