Effective May 25, 2012, the Board of Directors (the "Board") of Capital Southwest Corporation (the "Company") appointed T. Duane Morgan as a member of the Board to fill a vacancy. Mr. Morgan was also elected to serve as a member of the both the Compensation Committee and the Nominating and Governance Committee.

T. Duane Morgan, 62, is an investor with broad experience in the energy sector. He is the former President of the Engineered Products Group of Gardner Denver, a leading global manufacturer of highly engineered products.

Mr. Morgan has served on the board of directors of the Valve Manufacturers Association, as well as several private and civic boards. Mr. Morgan earned a Bachelor of Science degree in Mathematics from McNeese State University, and a Master of Business Administration degree from Louisiana State University.

Mr. Morgan qualifies as an independent director under Nasdaq Listing Rule 5605(a)(2) and Rule 10A-3(b)(1) under the Securities Exchange Act of 1934 and the Amended and Restated By-Laws of the Company.

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(d) Exhibits

Exhibit
Number  Description
99.1    Press Release dated May 25, 2012.