William R. Thomas is an independent board director and private equity investor with 20 years of corporate governance and investment management experience. Mr. Thomas has served as a director of Capital Southwest since 2014. He previously served as a director of Encore Wire Corporation (Nasdaq: WIRE) from 2007 through its $4.2 billion acquisition by Prysmian Group in 2024. Mr. Thomas has served on the boards of two publicly traded companies, eleven private companies, and four nonprofits.

Mr. Thomas served at Capital Southwest from 2006 to 2012, advancing from Investment Associate to Vice President. He made, enhanced, and monetized investments, served on multiple portfolio company boards, and oversaw valuation and regulatory compliance. From 2004 to 2006, he earned his M.B.A. from Harvard Business School, consulting for private equity clients at Investor Group Services. From 1993 through 2004, he served in the U.S. Air Force as a pilot of multiple aircraft and a leader in areas of training, safety, acquisitions, logistics, and combat operations, achieving the rank of Major.

Mr. Thomas founded and leads a national angel investment network and has served as Chairman and CEO of Marketplace Chaplains, a national chaplaincy organization serving over 1,000 companies. He has been recognized as a National Association of Corporate Directors (NACD) Board Leadership Fellow and graduated from the United States Air Force Academy.

Capital Southwest benefits from Mr. Thomas' deep understanding of the Company's investment strategy and operations, his extensive board governance experience, his private equity expertise, and his perspective as a significant shareholder.