Tagged: CSWI

Capital Southwest Corporation Completes Spin-Off of CSW Industrials

stock-market-3Bowen S. Diehl Named Chief Executive Officer of Capital Southwest

DALLAS, Oct. 01, 2015 (GLOBE NEWSWIRE) — Capital Southwest Corporation (Nasdaq:CSWC) (“CSWC”) announced that it completed its previously announced spin-off of CSW Industrials, Inc. (Nasdaq:CSWI) (“CSWI”).  Starting today, CSWI will begin “regular way” trading on the Nasdaq Stock Market under the ticker symbol “CSWI.”  Shares of CSWC’s common stock will continue to trade on the Nasdaq Stock Market under the ticker symbol “CSWC.”

CSWC completed the tax-free spin-off of CSWI (the “Share Distribution”) through a pro-rata distribution of CSWI’s common stock to CSWC shareholders of record as of the close of business on September 18, 2015 (the “Record Date”).  CSWC shareholders received one share of CSWI common stock for every one share of CSWC common stock held on the Record Date.

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01 Oct