Capital Southwest Shareholders Elect Directors, Adjourn Vote on Share Increase

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Capital Southwest (NASDAQ:CSWC) shareholders approved the predetermination of six directors and respective governance-related proposals astatine the company's yearly meeting, portion the institution adjourned the gathering to question further proxies for a projected amendment to summation its authorized shares of communal stock.

Michael Sarner, Capital Southwest's president and main enforcement officer, chaired the virtual meeting. Chris Rehberger, the company's main fiscal officer, treasurer and secretary, presented impervious that the gathering had been decently called and said the grounds day for shareholders entitled to ballot was May 26, 2026.

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Rehberger said Capital Southwest had 62,140,726 shares of communal banal outstanding and entitled to ballot arsenic of the grounds date. Robert Johnson, the inspector of election, reported that holders of 44,997,407 shares, representing 72.41% of shares entitled to vote, were contiguous virtually oregon represented by proxy, establishing a quorum.

Directors Elected to One-Year Terms

Shareholders elected six directors to service until the 2027 yearly gathering of shareholders, oregon until their successors are duly elected and qualified. Sarner said the committee recommended votes successful favour of each nominee, and Rehberger stated that nary shareholder nominations for manager had been decently received.

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Johnson reported that a bulk of shares voted successful idiosyncratic oregon by proxy supported each manager nominee. Sarner past declared the pursuing nominees elected:

David R. Brooks
Christine S. Battist
Jack D. Furst
Ramona L. Rogers-Windsor
William R. Thomas
Michael S. Sarner

Executive Compensation Proposals Approved

Shareholders besides approved, connected an advisory basis, the compensation of the company's named enforcement officers. Johnson reported 21,894,270 shares voted successful favor, 3,404,019 voted against and 1,692,625 abstained. Sarner said the connection received the required affirmative ballot and declared it adopted.

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In a abstracted advisory ballot required nether the Dodd-Frank Act, shareholders approved an yearly frequence for aboriginal advisory votes connected enforcement compensation. Johnson reported 23,991,593 shares voted for a one-year frequency, 809,499 voted for 2 years, 1,025,968 voted for 3 years and 1,163,854 abstained. Sarner said the one-year frequence received the required enactment and declared the connection adopted.