Capital Southwest Corporation has amended its Articles of Incorporation to increase the number of authorized shares of its common stock from 75 million to 135 million. The action follows approval of the proposal by the company's shareholders at its Reconvened Annual Meeting held on September 1, 2026.
Key Details
- Share Increase: The number of authorized common shares, par value $0.25 per share, was increased from 75,000,000 to 135,000,000.
- Shareholder Vote: The proposal was approved with 41,613,652 votes for, 4,810,196 votes against, and 1,503,080 abstentions.
- Stated Purpose: The company noted the increase provides flexibility to support future growth, fund new investments, and manage its balance sheet and leverage.