Carriage Services Elects Directors, Amends Officer Compensation
Ticker: CSV · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1016281
| Field | Detail |
|---|---|
| Company | Carriage Services Inc (CSV) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $325,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Carriage Services shakes up board, tweaks exec pay. New directors in, comp changes effective now.
AI Summary
On March 25, 2024, Carriage Services, Inc. announced the election of new directors and changes in its officer compensation arrangements. Specifically, the company elected three Class III directors to serve until the 2027 annual meeting of stockholders. Additionally, the Compensation Committee of the Board of Directors approved amendments to the employment agreements for certain executive officers, including the CEO, CFO, and COO, effective March 25, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance matters such as director elections and compensation adjustments, which typically carry low inherent risk.
Key Numbers
- 3 — Directors Elected (Three Class III directors were elected to serve until the 2027 annual meeting.)
Key Players & Entities
- Carriage Services, Inc. (company) — Registrant
- March 25, 2024 (date) — Date of earliest event reported
- three Class III directors (person) — Newly elected directors
- 2027 annual meeting of stockholders (date) — Director term expiration
- Compensation Committee of the Board of Directors (company) — Approving body for compensation changes
- CEO (person) — Executive officer with amended employment agreement
- CFO (person) — Executive officer with amended employment agreement
- COO (person) — Executive officer with amended employment agreement
FAQ
Who were the newly elected directors for Carriage Services, Inc.?
The filing states that three Class III directors were elected, but their specific names are not provided in this excerpt.
What is the term length for the newly elected directors?
The newly elected directors will serve until the 2027 annual meeting of stockholders.
Which executive officers had their employment agreements amended?
The amendments to employment agreements were made for certain executive officers, including the CEO, CFO, and COO.
When were the amendments to the executive officer employment agreements effective?
The amendments were effective as of March 25, 2024.
What specific changes were made to the officer compensation arrangements?
The filing indicates amendments to employment agreements for certain officers, but the specific details of the compensation changes are not provided in this excerpt.
Filing Stats: 873 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-03-25 16:24:23
Key Financial Figures
- $325,000 — an annual base salary of not less than $325,000, paid in accordance with Company payrol
Filing Documents
- csv-20240325.htm (8-K) — 33KB
- kathyshanleyagreement032.htm (EX-10.1) — 74KB
- kathyshanleyagreement032001.jpg (GRAPHIC) — 275KB
- kathyshanleyagreement032002.jpg (GRAPHIC) — 270KB
- kathyshanleyagreement032003.jpg (GRAPHIC) — 287KB
- kathyshanleyagreement032004.jpg (GRAPHIC) — 277KB
- kathyshanleyagreement032005.jpg (GRAPHIC) — 278KB
- kathyshanleyagreement032006.jpg (GRAPHIC) — 285KB
- kathyshanleyagreement032007.jpg (GRAPHIC) — 327KB
- kathyshanleyagreement032008.jpg (GRAPHIC) — 233KB
- kathyshanleyagreement032009.jpg (GRAPHIC) — 288KB
- kathyshanleyagreement032010.jpg (GRAPHIC) — 275KB
- kathyshanleyagreement032011.jpg (GRAPHIC) — 295KB
- kathyshanleyagreement032012.jpg (GRAPHIC) — 270KB
- kathyshanleyagreement032013.jpg (GRAPHIC) — 326KB
- kathyshanleyagreement032014.jpg (GRAPHIC) — 331KB
- kathyshanleyagreement032015.jpg (GRAPHIC) — 283KB
- kathyshanleyagreement032016.jpg (GRAPHIC) — 267KB
- kathyshanleyagreement032017.jpg (GRAPHIC) — 304KB
- kathyshanleyagreement032018.jpg (GRAPHIC) — 314KB
- kathyshanleyagreement032019.jpg (GRAPHIC) — 159KB
- kathyshanleyagreement032020.jpg (GRAPHIC) — 80KB
- 0001016281-24-000063.txt ( ) — 7731KB
- csv-20240325.xsd (EX-101.SCH) — 2KB
- csv-20240325_lab.xml (EX-101.LAB) — 21KB
- csv-20240325_pre.xml (EX-101.PRE) — 12KB
- csv-20240325_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS . (d) Exhibits. Exhibit Description 10.1 Employment Agreement dated effective as of March 25, 2024, by and between Carriage Services, Inc. and Kathryn Shanley 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Carriage Services, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARRIAGE SERVICES, INC. Dated: March 25, 2024 By: /s/ Steven D. Metzger Steven D. Metzger President and Secretary INDEX TO EXHIBITS Exhibit Description 10.1 Employment Agreement dated effective as of March 25, 2024, by and between Carriage Services, Inc. and Kathryn Shanley 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL