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<SEC-DOCUMENT>0001010549-08-000573.txt : 20080722
<SEC-HEADER>0001010549-08-000573.hdr.sgml : 20080722
<ACCEPTANCE-DATETIME>20080721182104
ACCESSION NUMBER:		0001010549-08-000573
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080721
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080722
DATE AS OF CHANGE:		20080721

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL SOUTHWEST CORP
		CENTRAL INDEX KEY:			0000017313
		IRS NUMBER:				751072796
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00061
		FILM NUMBER:		08962138

	BUSINESS ADDRESS:	
		STREET 1:		12900 PRESTON RD STE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75230
		BUSINESS PHONE:		9722338242

	MAIL ADDRESS:	
		STREET 1:		12900 PRESTON RD
		STREET 2:		SUITE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75230
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>capital8k072108.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K



                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported)    July 21, 2008

                          Capital Southwest Corporation
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Texas                           811-1056              75-1072796
- --------------------------------------------------------------------------------
  (State or other jurisdiction           (Commission          (IRS Employer
        of incorporation)                File Number)        Identification No.)


12900 Preston Road, Suite 700, Dallas, Texas                    75230
- --------------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code          972-233-8242
                                                            --------------------




Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)
[ ]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))







<PAGE>

Item 5.02  DEPARTURE OF DIRECTORS OR CERTAIN  OFFICERS;  ELECTION OF  DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS.

On July 21, 2008, Capital Southwest  Corporation  (NASDAQ:  CSWC) announced that
its board of  directors  elected  current  President  and CEO Gary L.  Martin as
chairman of the company's board. Martin, who joined Capital Southwest's board in
July 1988,  replaces  former  Chairman  William R.  Thomas,  who has served in a
non-executive  capacity since his retirement in July 2007.  Thomas will continue
to remain very involved in the company's strategic direction as an active member
of the board of directors.

Martin joined Capital Southwest in 1972 as chief financial officer, subsequently
serving as vice  president  and  secretary-treasurer.  Prior to joining  Capital
Southwest,  he was president and CEO of The Whitmore  Manufacturing  Company,  a
portfolio company of Capital Southwest.  Martin earned a B.B.A.  degree from the
University of Oklahoma and is a Certified Public Accountant and is a graduate of
Harvard Business School's Advanced Management Program.

Additionally,  the Company  announced that its board of directors named Tracy L.
Morris Chief  Financial  Officer/Treasurer  and William R. Thomas III  Assistant
Vice President.


Item 9.01.   Financial Statements and Exhibits.

(a) None. (b) None. (c) None. (d) Exhibits

        Exhibit
         Number          Description
- --------------------------------------------------------------------------------
          99.1           Press Release dated July 21, 2008.















<PAGE>


                                   SIGNATURES


      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Dated: July 21, 2008
                              By:  /s/  Gary L. Martin
                                   ---------------------------------------------
                                   Name: Gary L. Martin
                                   Title:   President and Chairman of the Board

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>capital8kex991072108.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                         Capital
12900 Preston Rd. Suite 700                                            Southwest
Dallas, TX  75230                                                    Corporation
- --------------------------------------------------------------------------------


CAPITAL SOUTHWEST CORPORATION ELECTS NEW CHAIRMAN OF THE BOARD
FORMER CHAIRMAN BILL THOMAS TO REMAIN ACTIVE AS DIRECTOR

DALLAS - July 21, 2008 - Capital Southwest Corporation (NASDAQ:  CSWC) announced
today that its board of directors has elected current  President and CEO Gary L.
Martin  as  chairman  of  the  company's  board.   Martin,  who  joined  Capital
Southwest's board in July 1988,  replaces former Chairman William R. Thomas, who
has served in a non-executive capacity since his retirement in July 2007. Thomas
will continue to remain very involved in the company's strategic direction as an
active member of the board of directors.

"Capital  Southwest  is an  outstanding  company  with  an  incredibly  talented
management  team,  and I am proud to assume  the role of board  chairman,"  said
Martin. "I am following in the footsteps of a great leader,  and I would like to
sincerely thank and recognize Bill Thomas for the many  contributions he made as
chairman,  as well as his distinguished  service as the company's  president and
CEO. I know that Bill will continue to provide strong guidance and leadership as
a valued member of our board."

Martin joined Capital Southwest in 1972 as chief financial officer, subsequently
serving as vice  president  and  secretary-treasurer.  Prior to joining  Capital
Southwest,  he was president and CEO of The Whitmore  Manufacturing  Company,  a
portfolio company of Capital Southwest.  Martin earned a B.B.A.  degree from the
University of Oklahoma and is a Certified Public Accountant and is a graduate of
Harvard Business School's Advanced Management Program.

Additionally,  the Company  announced that its board of directors named Tracy L.
Morris Chief  Financial  Officer/Treasurer  and William R. Thomas III  Assistant
Vice President.

About Capital Southwest
Capital  Southwest is a Dallas-based  investment  company that provides  patient
equity capital to exceptional  businesses.  As a public company (NASDAQ:  CSWC),
Capital  Southwest has the flexibility to hold investments  indefinitely,  which
has  provided  its managers a stable  ownership  platform  since its founding in
1961.


Contact: Gary L. Martin or Tracy L. Morris
         972-233-8242


                                      # # #





- --------------------------------------------------------------------------------

                   PATIENT CAPITAL FOR EXCEPTIONAL BUSINESSES
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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