Capital Southwest Management

Management criteria checks 3/4

Capital Southwest's CEO is Bowen Diehl, appointed in Oct 2015, has a tenure of 8.67 years. total yearly compensation is $3.81M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 1.48% of the company’s shares, worth €16.52M. The average tenure of the management team and the board of directors is 5.4 years and 9.3 years respectively.

Key information

Bowen Diehl

Chief executive officer

US$3.8m

Total compensation

CEO salary percentage	14.4%
CEO tenure	8.7yrs
CEO ownership	1.5%
Management average tenure	5.4yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bowen Diehl's remuneration changed compared to Capital Southwest's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	US$4m	US$550k	US$83m
Dec 31 2023	n/a	n/a	US$88m
Sep 30 2023	n/a	n/a	US$68m
Jun 30 2023	n/a	n/a	US$54m
Mar 31 2023	US$3m	US$550k	US$33m
Dec 31 2022	n/a	n/a	US$35m
Sep 30 2022	n/a	n/a	US$44m
Jun 30 2022	n/a	n/a	US$30m
Mar 31 2022	US$3m	US$475k	US$43m
Dec 31 2021	n/a	n/a	US$33m
Sep 30 2021	n/a	n/a	US$36m
Jun 30 2021	n/a	n/a	US$57m
Mar 31 2021	US$3m	US$454k	US$51m
Dec 31 2020	n/a	n/a	US$16m
Sep 30 2020	n/a	n/a	-US$7m
Jun 30 2020	n/a	n/a	-US$20m
Mar 31 2020	US$2m	US$454k	-US$22m
Dec 31 2019	n/a	n/a	US$13m
Sep 30 2019	n/a	n/a	US$24m
Jun 30 2019	n/a	n/a	US$28m
Mar 31 2019	US$2m	US$442k	US$33m
Dec 31 2018	n/a	n/a	US$38m
Sep 30 2018	n/a	n/a	US$43m
Jun 30 2018	n/a	n/a	US$46m
Mar 31 2018	US$3m	US$442k	US$39m

Compensation vs Market: Bowen's total compensation ($USD3.81M) is above average for companies of similar size in the German market ($USD1.36M).

Compensation vs Earnings: Bowen's compensation has been consistent with company performance over the past year.

CEO

Bowen Diehl (55 yo)

8.7yrs

Tenure

US$3,809,514

Compensation

Mr. Bowen S. Diehl has been the Chief Executive Officer, President and Director of Capital Southwest Corporation since October 2015. He led the relaunch of Capital Southwest Corporation. Mr. Diehl served a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bowen Diehl	President	8.7yrs	US$3.81m	1.48% $ 16.5m
Michael Sarner	CFO, Chief Compliance Officer & Secretary	8.7yrs	US$2.66m	0.89% $ 10.0m
Joshua Weinstein	Senior MD & Chief Investment Officer	less than a year	US$2.37m	0.55% $ 6.2m
James Stafford	Accounting Senior Manager	1.4yrs	no data	no data
Ryan Kelly	Managing Director	13.8yrs	no data	no data
Chris Rehberger	Executive VP & Treasurer	8.7yrs	no data	no data
Amy Baker	Controller	no data	no data	no data
Spencer Klein	Principal	9.3yrs	no data	no data
Grant Eason	Principal	5.4yrs	no data	no data
Will Riley	Vice President	4.4yrs	no data	no data
Garrett Hancock	Vice President	1.8yrs	no data	no data
Matthew Silvey	Vice President	1.4yrs	no data	no data

5.4yrs

Average Tenure

51yo

Average Age

Experienced Management: SFW's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bowen Diehl	President	8.7yrs	US$3.81m	1.48% $ 16.5m
John Furst	Independent Director	9.9yrs	US$174.52k	0.18% $ 2.0m
William Thomas	Independent Director	10.4yrs	US$172.50k	1.3% $ 14.6m
Christine Battist	Independent Director	5.8yrs	US$179.52k	0.030% $ 336.3k
David Brooks	Independent Chairman	10.4yrs	US$202.02k	0.080% $ 892.9k
Ramona Rogers-Windsor	Independent Director	3.3yrs	US$179.52k	0.027% $ 306.8k

9.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SFW's board of directors are considered experienced (9.3 years average tenure).

Capital Southwest Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought €223k worth of stock

Capital Southwest Corporation, Annual General Meeting, Jul 25, 2024

Capital Southwest Corporation Announces Management Appointments

Insufficient new directors

Capital Southwest Corporation, Annual General Meeting, Jul 26, 2023

Capital Southwest Corporation Announces Retirement of Duane Morgan as Member of the Board

Recent updates

Independent Director recently bought €223k worth of stock

Upcoming dividend of US$0.63 per share

Capital Southwest Corporation, Annual General Meeting, Jul 25, 2024

New major risk - Earnings quality

Fourth quarter dividend of US$0.63 announced

Full year 2024 earnings released: EPS: US$2.05 (vs US$1.10 in FY 2023)

Capital Southwest Corporation Declares Supplemental Dividend for the Quarter Ended June 30, 2024, Payable on June 28, 2024

Capital Southwest Corporation Announces Management Appointments

Capital Southwest Corporation to Report Q4, 2024 Results on May 14, 2024

Insufficient new directors

Upcoming dividend of US$0.63 per share

Third quarter dividend of US$0.63 announced

Third quarter 2024 earnings released: EPS: US$0.57 (vs US$0.094 in 3Q 2023)

Capital Southwest Corporation Declares Regular Dividend for the Quarter Ended March 31, 2024, Payable on March 29, 2024

Capital Southwest Corporation to Report Q3, 2024 Results on Jan 29, 2024

Upcoming dividend of US$0.63 per share at 11% yield

New major risk - Earnings quality

Second quarter 2024 earnings released: EPS: US$0.57 (vs US$0.34 in 2Q 2023)

Capital Southwest Corporation Declares Supplemental Dividend for the Quarter Ended December 31, 2023, Payable on December 29, 2023

Capital Southwest Corporation to Report Q2, 2024 Results on Oct 30, 2023

Upcoming dividend of US$0.62 per share at 11% yield

New major risk - Earnings quality

Capital Southwest Corporation Declares Supplemental Dividend for the Quarter Ended September 30, 2023, Payable on September 29, 2023

First quarter 2024 earnings released: EPS: US$0.63 (vs US$0.098 in 1Q 2023)

Capital Southwest Corporation to Report Q1, 2024 Results on Aug 07, 2023

Upcoming dividend of US$0.59 per share at 12% yield

Capital Southwest Corporation, Annual General Meeting, Jul 26, 2023

Full year 2023 earnings released: EPS: US$1.10 (vs US$1.88 in FY 2022)

Upcoming dividend of US$0.58 per share at 13% yield

Third quarter 2023 earnings released: EPS: US$0.094 (vs US$0.54 in 3Q 2022)

Capital Southwest Corporation Declares Regular Dividend for the Quarter Ended March 31, 2023, Payable on March 31, 2023

Capital Southwest Corporation to Report Q3, 2023 Results on Jan 30, 2023

Upcoming dividend of US$0.57 per share

Capital Southwest Corporation has completed a Follow-on Equity Offering in the amount of $40.000005 million.

Second quarter 2023 earnings released: EPS: US$0.34 (vs US$0.20 loss in 2Q 2022)

Capital Southwest Corporation Declares Supplemental Dividend, Payable on December 30, 2022

Capital Southwest Corporation to Report Q2, 2023 Results on Oct 31, 2022

Capital Southwest Corporation Declares Quarterly Dividend for the Quarter Ending December 31, 2022, Payable on December 30, 2022

Upcoming dividend of US$0.50 per share

First quarter 2023 earnings released: EPS: US$0.098 (vs US$0.71 in 1Q 2022)

Capital Southwest Corporation Declares Quarterly Dividend for the Quarter Ended September 30, 2022, Payable on September 30, 2022

Capital Southwest Corporation Announces Retirement of Duane Morgan as Member of the Board

Capital Southwest Corporation to Report Q1, 2023 Results on Aug 01, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.63 per share

Full year 2022 earnings released: EPS: US$1.88 (vs US$2.67 in FY 2021)

Capital Southwest Corporation, Annual General Meeting, Jul 27, 2022

Capital Southwest Announces Quarterly Regular Dividend for the Quarter Ended June 30, 2022, Payment Date Is June 30, 2022

Insufficient new directors

Capital Southwest Corporation to Report Q4, 2022 Results on May 23, 2022

Upcoming dividend of US$0.48 per share

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Capital Southwest Corporation Declares Quarterly Dividend, Payable on March 31, 2022

Upcoming dividend of US$0.97 per share

CFO, Chief Compliance Officer recently bought €78k worth of stock

Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.88 profit in 2Q 2021)

Independent Director recently bought €94k worth of stock

Upcoming dividend of US$0.54 per share

Insufficient new directors

Capital Southwest Corporation (NasdaqGS:CSWC) announces an Equity Buyback for $20 million worth of its shares.

First quarter 2022 earnings released: EPS US$0.64 (vs US$0.49 in 1Q 2021)

Full year 2021 earnings released: EPS US$2.67 (vs US$1.24 loss in FY 2020)

Capital Southwest Corporation Declares Dividend for Quarter Ended June 30, 2021, Payable on June 30, 2021

New 90-day high: €18.18

New 90-day high: €15.61

Third quarter 2021 earnings released: EPS US$0.81 (vs US$0.38 loss in 3Q 2020)

Revenue beats expectations

Capital Southwest Corporation to Report Q3, 2021 Results on Feb 01, 2021

Rentokil Initial plc (LSE:RTO) acquired Environmental Pest Service, LLC.