UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) November 4, 2008
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Capital Southwest Corporation
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(Exact name of registrant as specified in its charter)
Texas 811-1056 75-1072796
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
12900 Preston Road, Suite 700, Dallas,Texas 75230
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 972-233-8242
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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))
Item 8.01. Other Events
A press release was issued on November 4, 2008 announcing the engagement by the
Company of Raymond James & Associates as its financial advisor to explore
various strategic alternatives for its wholly-owned portfolio company, Lifemark
Group, including a potential recapitalization or sale of Lifemark. The press
release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein
by reference in its entirety.
Item 9.01. Financial Statements and Exhibits.
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(a) None.
(b) None.
(c) None.
(d) Exhibits.
Exhibit Number Description
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99.1 Press Release dated November 4, 2008
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: November 4, 2008
By: /s/ Gary L. Martin
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Name: Gary L. Martin
Title: President and Chairman
CAPITAL
SOUTHWEST
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CAPITAL SOUTHWEST TO PURSUE STRATEGIC ALTERNATIVES FOR LIFEMARK GROUP
DALLAS - November 4, 2008 - Capital Southwest Corporation (Nasdaq: CSWC)
announced today that it has retained Raymond James & Associates as its financial
advisor to explore various strategic alternatives for its wholly-owned portfolio
company, Lifemark Group, including a potential recapitalization or sale of
Lifemark. Capital Southwest has owned Lifemark Group since 1969.
Lifemark Group, based in Hayward, California, owns and operates cemeteries,
funeral homes, mausoleums and mortuaries. Its operations, all of which are in
California, include properties in San Mateo, Oakland, Hayward and Sacramento.
For the fiscal year ended March 31, 2008, Lifemark reported revenues of $29.7
million. The company has recently completed a significant capital expenditure
program at its Skylawn Memorial Park cemetery in San Mateo, including the
addition of a significant new funeral home at that location.
Gary Martin, chairman and president of Capital Southwest, commented that
"Lifemark operates some of the most distinctive and best-known properties in
America. Its management team has operated and grown this business considerably
over time with minimal oversight from Capital Southwest."
Capital Southwest's current investment criteria emphasize investments in rapidly
growing private companies with outstanding management; $0 to $10 million of
EBITDA; and the potential to grow revenues at 20% or more per year.
Capital Southwest does not intend to comment further on the possible
recapitalization or sale of Lifemark Group unless and until a definitive
agreement for a transaction has been reached, or a determination is made not to
pursue such a transaction. There can be no assurance as to whether Capital
Southwest will enter into or consummate a transaction as a result of this
process.
About Capital Southwest Corporation
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Capital Southwest is a Dallas-based business development company that provides
patient equity capital to exceptional businesses. As a public company, Capital
Southwest has the flexibility to hold investments indefinitely, which has
provided its portfolio company managers a stable ownership platform since its
founding in 1961. For more information about Capital Southwest, visit the
company's website at www.capitalsouthwest.com.
Contact: Gary L. Martin or Tracy L. Morris
972-233-8242
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