Capital Southwest Corporation announced that on June 22, 2015, Samuel B. Ligon, a Director of the company advised the company that he plans to retire and will not stand for re-election to the Board of Directors of the company when his term expires at the company's 2015 annual meeting of shareholders (the Annual Meeting). Mr. Ligon's retirement from the Board will be effective at the conclusion of the Annual Meeting. Mr. Ligon has served on the Board since 2003.

Mr. Ligon's decision to retire and not stand for re-election was not the result of any disagreement with the company or its management.