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

Exhibit 10.1
 
SECOND AMENDMENT TO THE
CAPITAL SOUTHWEST CORPORATION
2009 STOCK INCENTIVE PLAN
 
WHEREAS, Capital Southwest Corporation (the “Company”) previously adopted the
Capital Southwest Corporation 2009 Stock Incentive Plan (as previously amended,
the “2009 Plan”);

WHEREAS, Section 18 of the 2009 Plan provides that the Board of Directors of the
Company (the “Board”), may, subject to certain limitations, amend the 2009 Plan;
and

WHEREAS, the Board has determined that it is in the best interests of the
Company to amend the 2009 Plan to increase the number of stock options which may
be granted to any individual during any one calendar year, subject to and
effective upon the receipt of shareholder approval thereof at the Company’s 2015
annual stockholders meeting on August 4, 2015 (the “2015 Meeting”).

NOW, THEREFORE, the 2009 Plan is hereby amended, subject to and effective upon
receipt of shareholder approval at the 2015 Meeting, as follows:

 
1.
Section 5(b)(i) of the 2009 Plan is deleted in its entirety and replaced with
the following:

 
(i)                  the maximum number of Shares with respect to which Options
may be granted to any individual during any one calendar year is 120,000 Shares;
and
 

 
2.
The 2009 Plan, as amended hereby, shall continue in full force and effect.

 
IN WITNESS WHEREOF, the Company has caused this Second Amendment to the 2009
Plan to be executed by its duly authorized officer, subject to and effective
upon receipt of shareholder approval at the 2015 Meeting.
 

 
CAPITAL SOUTHWEST CORPORATION
   
By:
/s/ Joseph B. Armes
 
Name:
Joseph B. Armes
 
Title:
Chairman of the Board
   
President and Chief Executive Officer
       
Dated: August 10, 2015

 
 

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