On September 8, 2015, in connection with the Share Distribution, Joseph B. Armes, Capital Southwest Corporation's President and Chief Executive Officer, Kelly Tacke, the company's Chief Financial Officer, Chief Compliance Officer, Secretary and Treasurer and Christopher Mudd, the company's Senior Vice President, Operations, resigned from their positions with the company effective in each case immediately following the consummation of the Share Distribution. On September 8, 2015, Bowen S. Diehl was appointed President of the company and Michael S. Sarner was appointed Chief Financial Officer, Chief Compliance Officer, Secretary and Treasurer of the company effective in each case immediately following the consummation of the Share Distribution. Mr. Diehl has served as Senior Vice President and Chief Investment Officer of the company since March 2014.

Mr. Sarner has served as Senior Vice President of the company since July 14, 2015. Before joining the company, Mr. Sarner spent 15 years at American Capital Ltd., in a variety of financial roles, most recently as Senior Vice President, Treasury, a position he held since 2012.