On October 21, 2015, the board of directors of Capital Southwest Corporation appointed Bowen S. Diehl to the board effective immediately. The board increased its size from six to seven members and appointed Mr. Diehl to fill the vacancy created by the increase in the size of the board. Mr. Diehl will continue to serve as the company's president and chief executive officer.

Mr. Diehl has served as president and chief executive officer of the company since the completion of the company's spin-off of CSW Industrials Inc. on September 30, 2015. From March 2014, until becoming president and chief executive officer, Mr. Diehl served as senior vice president and chief investment officer of the company.