Capital Southwest shareholders approve board nominees and key proposals at annual meeting

Capital Southwest Corporation (NASDAQ:CSWC) reported the results of its 2025 Annual Meeting of Shareholders held Thursday. According to a press release statement based on the company’s SEC filing, shareholders voted on four proposals, including the election of directors, executive compensation, an amendment to an employee stock plan, and auditor ratification.

Six directors were elected to serve until the 2026 Annual Meeting or until successors are elected. The nominees and votes for each were as follows: Christine S. Battist (18,454,785 votes for, 681,665 withheld), David R. Brooks (18,359,357 for, 777,093 withheld), Jack D. Furst (18,030,115 for, 1,106,335 withheld), Ramona Rogers-Windsor (18,429,138 for, 707,312 withheld), Michael S. Sarner (18,568,307 for, 568,143 withheld), and William R. Thomas (18,393,310 for, 743,140 withheld). Each nominee also received 18,461,880 broker non-votes.

Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers. The vote totaled 14,140,392 in favor, 4,148,413 against, and 847,645 abstentions, with 18,461,880 broker non-votes.

An amendment to the Capital Southwest 2021 Employee Restricted Stock Award Plan was also approved, receiving 17,109,860 votes for, 1,235,703 against, and 790,887 abstentions, with 18,461,880 broker non-votes.

The appointment of RSM US LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2026, was ratified by shareholders. The vote was 36,352,976 in favor, 667,670 against, and 577,684 abstentions.

The meeting had a quorum with 37,598,330 shares represented out of 54,816,881 shares outstanding as of the record date.

Capital Southwest Corporation’s common stock and 7.75% notes due 2028 are listed on the Nasdaq Global Select Market under the symbols CSWC and CSWCZ, respectively. All information is derived from the company’s press release statement and SEC filing.

In other recent news, Capital Southwest Corporation reported its first-quarter earnings for 2025, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.54, which was below the anticipated $0.6175. Revenue also fell short of expectations, reaching $52.34 million compared to the projected $53.17 million. Despite these misses, Raymond (NSE:RYMD) James financial analyst Robert Dodd maintained an Outperform rating on Capital Southwest, although he adjusted the stock’s price target from $24 to $23. This adjustment came after the company’s fourth fiscal quarter results for 2025, which had previously aligned with market expectations. During that period, Capital Southwest demonstrated robust earnings performance and an increase in net asset value (NAV) per share. This NAV growth is significant, especially as many of the company’s peers faced declines. Dodd’s analysis emphasized the firm’s ability to grow its NAV per share in a challenging industry environment.

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