8-K
filed February 18, 2025, 6:59 PM ET
ticker CSWC
CIK 0000017313
leadership
confidence high
sentiment neutral
materiality 0.70
Capital Southwest CEO Bowen Diehl steps down; Michael Sarner named successor
CAPITAL SOUTHWEST CORP
- Bowen Diehl resigned as President, CEO, and director effective Feb 17, 2025; will serve as advisor for 12 months.
- Michael Sarner appointed President, CEO, and Board member; he previously served as CFO, CCO, and Secretary.
- Chris Rehberger promoted to CFO, Treasurer, and Secretary; Tabitha Geiger promoted to Chief Compliance Officer.
- Diehl receives $625,000 lump sum base salary, $375,000 bonus in lieu, 12 months COBRA, and vesting of 107,324 restricted shares; 95,000 shares forfeited.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael S. Sarner resigned as Chief Financial Officer, Chief Compliance Officer and Secretary at CAPITAL SOUTHWEST CORP.
- Action
- resigned
- Role
- Chief Financial Officer, Chief Compliance Officer and Secretary
Exact text from the filing
Mr. Sarner resigned from his positions of Chief Financial Officer, Chief Compliance Officer and Secretary of the Company, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Rehberger was appointed as Chief Financial Officer, Treasurer and Secretary at CAPITAL SOUTHWEST CORP.
- Action
- promoted
- Role
- Chief Financial Officer, Treasurer and Secretary
Exact text from the filing
the Board also promoted Chris Rehberger, Executive Vice President of Finance and Treasurer of the Company, to the positions of Chief Financial Officer, Treasurer and Secretary of the Company, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael S. Sarner was appointed as Director at CAPITAL SOUTHWEST CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
The Board also appointed Mr. Sarner to the Board to fill the vacancy on the Board created by Mr. Diehl’s transition, effective immediately, for a term expiring at the Company’s 2025 annual meeting of shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bowen S. Diehl departed as President and Chief Executive Officer at CAPITAL SOUTHWEST CORP.
- Action
- stepping down
- Role
- President and Chief Executive Officer
Exact text from the filing
Bowen S. Diehl notified the Board that he was stepping down as the President and Chief Executive Officer of the Company and as a director of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael S. Sarner was appointed as President and Chief Executive Officer at CAPITAL SOUTHWEST CORP.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
On February 17, 2025, the Board appointed Michael S. Sarner, the Chief Financial Officer, Chief Compliance Officer and Secretary of the Company, to succeed Mr. Diehl as the President and Chief Executive Officer of the Company, effective immediately.
View on SEC.gov
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