CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On May 8, 2017, Joseph B. Armes, non-executive Chairman of the
Board of Directors of Capital Southwest Corporation (the
Company), informed the Board of Directors of his decision not to
stand for re-election as a director at the Companys 2017 Annual
Meeting of Shareholders, which is expected to be held on August
2, 2017 (the Annual Meeting). Mr.Armes decision was made so that
he may devote his efforts to his other commitments and is not the
result of any disagreement with the Company on any matter
relating to the Companys operations, policies or
practices.Mr.Armes will leave the Board of Directors effective
upon the expiration of his term at the Annual Meeting. The Board
of Directors plans to appoint David R. Brooks, a current Board
member, to succeed Mr.Armes as non-executive Chairman, effective
upon Mr.Armesdeparture and contingent on Mr.Brooks re-election as
a director by shareholders at the Annual Meeting. Effective as of
the Annual Meeting, the size of the Board is expected to be
reduced from seven to six members.A copy of the Companys news
release announcing the changes to the Board of Directors is
attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
Exhibits
|
Exhibit No. |
Description |
|
99.1 |
News release of Capital Southwest Corporation dated May |
About CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC)
Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments. It focuses on partnering with business owners, management teams and financial sponsors to provide financing solutions to fund growth, changes of control, or other corporate events. In allocating future investments, it focuses on investing in senior and subordinated debt securities secured by security interests in portfolio company assets, coupled with equity interests. It targets senior and subordinated investments in the lower middle market and private loan transactions, as well as first and second lien syndicated loans in middle market companies. CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC) Recent Trading Information
CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC) closed its last trading session down -0.12 at 16.02 with 48,668 shares trading hands.