Capital Southwest Corporation announced that its Board of Directors has approved the spin-off of its industrial products, coatings, sealants and adhesives and specialty chemicals businesses into CSW Industrials Inc. As previously announced, following the spin-off, Joseph B. Armes, Capital Southwest's current Chairman and Chief Executive Officer, will continue to serve as Capital Southwest's Chairman and will serve as CSWI's Chairman and Chief Executive Officer, and Bowen S. Diehl, Capital Southwest's Senior Vice President and Chief Investment Officer, will serve as Capital Southwest's Chief Executive Officer.