Capital Southwest urges shareholders to vote on stock proposal

Capital Southwest Corporation is asking shareholders to vote in favor of increasing authorized common shares from 75 million to 135 million. The company emphasizes that a significant number of outstanding shares must vote affirmatively for the proposal to pass under Texas law, and non-votes effectively count against it. CEO Michael S. Sarner stated that the increase is not for an immediate transaction but to maintain flexibility for future investment strategies and capital raising, as the company has historically raised substantial equity capital at a premium.